The Work in Process Inventory Account of a Manufacturing Company

question 40

Multiple Choice

The Work in Process inventory account of a manufacturing company shows a balance of $2,400 at the end of an accounting period. The job cost sheets of the two uncompleted jobs show charges of $400 and $200 for direct materials, and charges of $300 and $500 for direct labor. From this information, it appears that the company is using a predetermined overhead rate, as a percentage of direct labor costs, of:

• A) 80%
• B) 125%
• C) 300%
• D) 240%

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Definitions:

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An option in presentation and animation software that allows an action to start at the same time as the previous action.

After Previous

An option in presentation software for triggering an animation effect to start immediately after the previous action or animation.

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A command used in computing to identify differences between files, folders, or data sets.