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:

You have posted this question twice, same answer

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Originally Posted by paraclete

you have posted this question twice, same answer

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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?

Minus; you have already successfully negotiated the minefield in another thread

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Originally Posted by paraclete

minus; you have already successfully negotiated the minefield in another thread

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Thank you