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jamiehammock
Jul 20, 2012, 10:18 AM
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
Jul 20, 2012, 02:50 PM
You have posted this question twice, same answer

jamiehammock
Jul 20, 2012, 04:00 PM
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
Jul 20, 2012, 04:18 PM
Minus; you have already successfully negotiated the minefield in another thread

jamiehammock
Jul 20, 2012, 04:22 PM
minus; you have already successfully negotiated the minefield in another thread
Thank you