The Work in Process inventory account of a manufacturing company shows a balance of $2,400 at the end of an accounting period. The job cost sheets of the two uncompleted jobs show charges of $400 and $200 for direct materials, and charges of $300 and $500 for direct labor. From this information, it appears that the company is using a predetermined overhead rate, as a percentage of direct labor costs, of: _______a. 300% b. 80% c. 240% d. 125%.

Answers

Answer 1

The company that is using a predetermined overhead rate, as a percentage of direct labor costs is option d. 125%.

Calculation of the percentage:

For computing the predetermined overhead rate first determine the overhead cost of uncompleted jobs which is shown below:

= Balance shown - uncompleted jobs of direct materials - uncompleted jobs of direct labors

= $2,400 - $600 - $800

= $1,000

Now the predetermined overhead rate is

= Cost of uncompleted jobs ÷ uncompleted jobs of direct labors

= $1,000 ÷ $800

= 125%

Hence, the correct option is d. 125%

Learn more about direct labor here: https://brainly.com/question/24600755

Related Questions

g Government expenditure ________ change potential GDP and taxes ________ change potential GDP.

Answers

Answer:

can ; can

Explanation:

With increasing or decreasing government expenditure there are various other things also associated. Government expenditure is not only done to construct roads, but rather to provide education, to provide better health services, to provide more opportunities.

If an individual is more educated and healthy then the remaining candidates his chances for a better job are even higher, with that he shall contribute to GDP.

With taxes the buying capacity of individuals earning are decreased, also with the levy of taxes government tends to earn more. With this again the GDP suffers directly.

Project management _____ describe the key competencies that project managers must develop.

Answers

Answer:

knowledge areas

Explanation:

Project management "knowledge areas" describe the key competencies that project managers must develop.

In Project management, the "knowledge areas" are very important for project managers in order for them to develop. They are necessary for effective project management.

The Project management knowledge areas merge with project initiation, project planning, project execution, projection monitoring and project controlling and rounds with project closing. It is the major and core technical subject matter.

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