Title: Peterson Company gathered the following information for the year ended December 31:Direct labor cost Post by: bernie2981 on Nov 16, 2015 Peterson Company gathered the following information for the year ended December 31:
Direct labor cost incurred for the year $180,000 Estimated manufacturing overhead costs $260,000 Estimated direct labor cost $200,000 Work in process inventory, Dec, 31 $51,000 Finished goods inventory, Dec. 31 $68,800 Cost of goods sold $141,000 Estimated direct labor hours 260,000 What would the predetermined manufacturing overhead rate for the year be using direct labor cost as the allocation base? A) 100% of direct labor cost B) 90% of direct labor cost C) 111% of direct labor cost D) 130% of direct labor cost Title: Re: Peterson Company gathered the following information for the year ended December 31:Direct labor Post by: nuclei on Nov 16, 2015 Content hidden
Title: Re: Peterson Company gathered the following information for the year ended December 31:Direct labor cost Post by: bernie2981 on Dec 1, 2015 Wow! Thank you
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