Business, 18.02.2021 21:20 michellerosas

During May, $60,000 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $12 per direct labor-hour, and it paid its direct labor workers $15 per hour. A total of 330 hours of direct labor time has been expanded on the jobs in the beginning Work in Process inventory account. The ending Work in Process inventory account contained $7,200 of direct materials cost. The Corporation incurred $42,450 of actual manufacturing overhead cost during the month and applied $40,500 in manufacturing overhead cost. The actual direct labor-hours worked during May totaled:

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During May, $60,000 in raw materials (all direct materials) were drawn from inventory and used in pr...

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