Homework Answers
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| Answer 1 | |||||||
| Overhead rate = expected overhead cost / expected direct labor cost | |||||||
| =1500000/600000 | |||||||
| 2.50 | |||||||
| Therefore predetermined overhead rate = | $2.50 | ||||||
| Answer 2 | |||||||
| Given that work in process inventory = | 15000 | ||||||
| Manufacturing overhead = | 6300 | ||||||
| Direct labor = 6300/90% | 7000 | ||||||
| Direct material = 15000-6300-7000 | 1700 | ||||||
| Therefore correct answer is option $ 1700 | |||||||
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