Business, 18.09.2019 02:10 dsean1273

During may, $60,000 in raw materials (all direct materials) were drawn from inventory and used in production. the company's predetermined overhead rate was $12 per direct labor-hour, and it paid its direct labor workers $15 per hour. a total of 330 hours of direct labor time had been expended on the jobs in the beginning work in process inventory account. the ending work in process inventory account contained $7,200 of direct materials cost. the corporation incurred $42,450 of actual manufacturing overhead cost during the month and applied $40,500 in manufacturing overhead cost.

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During may, $60,000 in raw materials (all direct materials) were drawn from inventory and used in pr...

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