Using the following accounts and an overhead rate of 125% of direct labor cost, computethe amount of applied overheads.Goods in Process InventoryParticularsAmountParticularsAmountBeginning BalanceDirect MaterialDirect LaborOverheads$ 25,700$ 60,500??Finished GoodsS 173,000Ending Balance$ 14,450Finished Goods InventoryBeginning BalanceGoods in Process Inventory8,600S 173,000a. Overheads applied are $48,222b. Overheads applied are $45,000c. Overheads applied are $56,250d. Overheads applied are $101,250

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Description: Using the following accounts and an overhead rate of 125% of direct labor cost, computethe amount of applied overheads.Goods in Process InventoryParticularsAmountParticularsAmountBeginning BalanceDirect MaterialDirect LaborOverheads$ 25,700$ 60,500?

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Using the following accounts and an overhead rate of 125% of direct labor cost, compute the amount of applied overheads. Goods in Process Inventory Particulars Amount Particulars Amount Beginning Balance Direct Material Direct Labor Overheads $ 25,700 $ 60,500 ? ? Finished Goods $ 173,000 Ending Balance 14,450 Finished Goods Inventory Beginning Balance Goods in Process Inventory 8,600 S 173,000 a. Overheads applied are $48,222 b. Overheads applied are $45,000 c. Overheads applied are $56,250 d. Overheads applied are $101,250

Using the following accounts and an overhead rate of 125% of direct labor cost, compute the amount of applied overheads. Goods in Process Inventory Particulars Amount Particulars Amount Beginning Balance Direct Material Direct Labor Overheads $ 25,700 $ 60,500 ? ? Finished Goods $ 173,000 Ending Balance 14,450 Finished Goods Inventory Beginning Balance Goods in Process Inventory 8,600 S 173,000 a. Overheads applied are $48,222 b. Overheads applied are $45,000 c. Overheads applied are $56,250 d. Overheads applied are $101,250

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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