Applied overhead was 30% of total manufacturing costs. The Work in Process inventory at January 1…


Question Description:

20

Applied overhead was 30% of total manufacturing costs. The Work in Process inventory at January 1… 1 answer below ยป Farber Corporation uses a job-order cost system. The information below is from the financial records of the company for last year: Total manufacturing costs $2,500,000 Cost of goods manufactured $2,425,000 Predetermined overhead rate 80% of direct labor cost Applied overhead was 30% of total manufacturing costs. The Work in Process inventory at January 1 was 75% of the Work in Process inventory at December 31. Farber Company”s total direct labor cost was: A) $750,000 B) $600,000 C) $900,000 D) $937,500 Jul 08 2014 12:34 PM

Answer

20