The Work in Process Inventory Account of a Manufacturing Company

question 90

Multiple Choice

The Work in Process inventory account of a manufacturing company shows a balance of $18,000 at the end of an accounting period.The job cost sheets of the two uncompleted jobs show charges of $6,000 and $3,000 for materials,and charges of $4,000 and $2,000 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)50%
• B)200%
• C)300%
• D)20%

---

Definitions:

Sacred Entity

A sacred entity is anything considered to be holy, divine, or of religious importance, deserving veneration.

Preoperational Intuitive

A stage in Piaget's theory of cognitive development, where children aged 2 to 7 years exhibit egocentric thinking and use symbols to represent the world.

Concrete Operational

Refers to a stage in Piaget's theory of cognitive development where children aged 7 to 12 start thinking logically about concrete events, but struggle with abstract concepts.

Permissive Parenting

Permissive parenting is a style characterized by low demands with high responsiveness, where parents are lenient and often only step in when there is a serious problem.