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    jamiehammock's Avatar
    jamiehammock Posts: 6, Reputation: 1
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    #1

    Jul 20, 2012, 10:18 AM
    The predetermined overhead rate is 80% of direct labor cost.
    The predetermined overhead rate is 80% of direct labor cost. During the month, $700,000 of factory labor costs were incurred of which $100,000 was indirect labor. The amount of overhead debited to work in process inventory should be:
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Jul 20, 2012, 02:50 PM
    You have posted this question twice, same answer
    jamiehammock's Avatar
    jamiehammock Posts: 6, Reputation: 1
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    #3

    Jul 20, 2012, 04:00 PM
    Quote Originally Posted by paraclete View Post
    you have posted this question twice, same answer
    I'm new to this site so I'm still trying to figure it out. You said I should have answered my own question with simple math. I added the 700000 with the 100000 and multiplied by .80. Is that correct?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #4

    Jul 20, 2012, 04:18 PM
    Minus; you have already successfully negotiated the minefield in another thread
    jamiehammock's Avatar
    jamiehammock Posts: 6, Reputation: 1
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    #5

    Jul 20, 2012, 04:22 PM
    Quote Originally Posted by paraclete View Post
    minus; you have already successfully negotiated the minefield in another thread
    Thank you
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