For Waterway Industries, the predetermined overhead rate is 70% of direct labor cost. During the month, $400000 of factory labor costs are incurred of which $140000 is indirect labor. Actual overhead incurred was $230000. The amount of overhead debited to Work in Process Inventory should be:

$182,000

Explanation:

Given that,

Factory labor costs = $400,000

Indirect labor = $140,000

Predetermined overhead rate = 70% of direct labor cost

Actual overhead incurred = $230,000

Amount of overhead debited to Work in Process Inventory:

= (Factory labor costs - Indirect labor) × Overhead rate

= ($400,000 - $140,000) × 70%

= $260,000 × 70%

= $182,000

Therefore, the amount of overhead debited to Work in Process Inventory should be $182,000.

the answer to this question would be shared investment

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.