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.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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