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ework Selected T-accounts of Moore Company are given below for the just completed year Bal. 1/1 Debits 25,000 Credits 140,000 283,280 Credits 35 Bal. 1/1 Direct materials Direct labor Overhead Bal. 12/31 30,009Credits 100,0e0 180,ee0 223,200 4,800 00,8e0 9,008 5ee,ee0 Debits 285,800 Bal. 1/1 Credits Bal. 12/31 Bal. 1/1 Debits 50,000 Credits 75,800
cost? Complete this question by entering your answers in the tabs below Req 1 to 5Req 6 Req 7 Req 8 If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effect during the year? Req 1 to 5 Req 7 >
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Answer #1

Predetermined oh rate = Overhead applied in work in process / Direct labor cost

= 223,200 / 180,000

= 124% of direct labor cost

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