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Author Question: Clyde Company gathered the following information for the year ended December 31:Direct labour cost ... (Read 57 times)

tuffie

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Clyde Company gathered the following information for the year ended December 31:

Direct labour cost incurred for the year$180,000
Estimated manufacturing overhead costs$240,000
Estimated direct labour cost $200,000
Work in process inventory, Dec. 31$55,000
Finished goods inventory, Dec. 31$67,500
Cost of goods sold$141,000
Estimated direct labour hours 300,000


At Clyde Company what would the predetermined manufacturing overhead rate for the year be using direct labour cost as the allocation base?
◦ 120% of direct labour cost
◦ 80% of direct labour cost
◦ 111% of direct labour cost
◦ 90% of direct labour cost


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Marked as best answer by tuffie on Jan 4, 2020

Andromeda18

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tuffie

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Reply 2 on: Jan 4, 2020
YES! Correct, THANKS for helping me on my review


komodo7

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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