Kilt Company had the following information for the year: Direct materials used= $110,000 Direct labor incurred (5,000 hours) = $150,000 Actual manufacturing overhead incurred= $166,000 Kilt Company used a predetermined overhead rate of $42 per direct labor hour for the year and estimated that direct labor hours would total 5,500 hours. Assume the only inventory balance is an ending Work in Process balance of $17,000.
Kilt Company had the following information for the year: Direct materials used= $110,000 Direct labor incurred (5,000 hours) = $150,000 Actual manufacturing overhead incurred= $166,000 Kilt Company used a predetermined overhead rate of $42 per direct labor hour for the year and estimated that direct labor hours would total 5,500 hours. Assume the only inventory balance is an ending Work in Process balance of $17,000.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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