Dixie Company, which applies overhead at the rate of 190% of direct material cost, began work on job no. 101 during June. The job was completed in July and sold during August, having accumulated direct material and labor charges of $27,000 and $15,000, respectively. On the basis of this information, the total overhead applied to job no. 101 amounted to: Select one: a. so b. $28,500 C. $51,300 d. $70,500 e S79,800

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Dixie Company, which applies overhead at the rate of 190% of direct material cost, began work on job no.
101 during June. The job was completed in July and sold during August, having accumulated direct
material and labor charges of $27,000 and $15,000, respectively. On the basis of this information, the total
overhead applied to job no. 101 amounted to:
Select one:
a. S0
b. $28,500
c. $51,300
d. $70,500
e. $79,800
Transcribed Image Text:Dixie Company, which applies overhead at the rate of 190% of direct material cost, began work on job no. 101 during June. The job was completed in July and sold during August, having accumulated direct material and labor charges of $27,000 and $15,000, respectively. On the basis of this information, the total overhead applied to job no. 101 amounted to: Select one: a. S0 b. $28,500 c. $51,300 d. $70,500 e. $79,800
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