The Work in Process Inventory Account of a Manufacturing Company

question 170

Multiple Choice

The Work in Process Inventory account of a manufacturing company has a $4,400 debit balance.The company applies overhead using direct labor cost.The cost sheet of the only job still in process shows direct material cost of $2,000 and direct labor cost of $800.Therefore,the company's predetermined overhead rate is:

• A)40% of direct labor cost.
• B)50% of direct labor cost.
• C)80% of direct labor cost.
• D)200% of direct labor cost.
• E)300% of direct labor cost.

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Definitions:

Elderly Parents

Older adults, often in their retirement years, who may require support or care from their children or caregivers.

Get Along

To have a harmonious or friendly relationship.

Filial Maturity

The stage in life where an individual reaches a level of maturity that allows them to form reciprocal, adult relationships with their parents.

Filial Crisis

In Marcoen’s terminology, normative development of middle age, in which adults learn to balance love and duty to their parents with autonomy within a two-way relationship.