Overhead rate equals 200% of Direct Labor CostsWork in Progress InventoryFactory OverheadBeginning WIPDirect Materials55000143000145000?Direct Labor?Applied Overhead?To finished goods?Ending Work In Progress65000Finshed Goods InventoryBeginning Finished Goods45000270000275000Ending Finshed Goods40000Find missing Numbers

Name: Overhead rate equals 200% of Direct Labor CostsWork in Progress Inven
Uploaded: 2024-03-20T06:32:37.000Z
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Description: Overhead rate equals 200% of Direct Labor CostsWork in Progress InventoryFactory OverheadBeginning WIPDirect Materials55000143000145000?Direct Labor?Applied Overhead?To finished goods?Ending Work In Progress65000Finshed Goods InventoryBeginning Fini

Beginning WIP =55000Direct labour =145000200%=72500Applied overhead =72500×200%=145000WIP completed…

Business

Accounting

Overhead rate equals 200% of Direct Labor Costs Work in Progress Inventory Factory Overhead Beginning WIP Direct Materials Direct Labor 55000 143000 145000 ? Applied Overhead ? To finished goods Ending Work In Progress ? 65000 Finshed Goods Inventory Beginning Finished Goods 45000 270000 275000 Ending Finshed Goods 40000 Find missing Numbers

Overhead rate equals 200% of Direct Labor Costs Work in Progress Inventory Factory Overhead Beginning WIP Direct Materials Direct Labor 55000 143000 145000 ? Applied Overhead ? To finished goods Ending Work In Progress ? 65000 Finshed Goods Inventory Beginning Finished Goods 45000 270000 275000 Ending Finshed Goods 40000 Find missing Numbers

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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