Solution-Find what is the overhead used for the period

Find what is the overhead used for the period

Reference no: EM132722287

LALA Corp has just started its operations in 2020. After 6 months, the company has the following data:

Cost of goods sold is 540,000; 30% of Manufacturing cost were distributed to Direct labor cost. Applied overhead is 375,000. WIP ending was 10% of total manufacturing cost. Finished goods remaining in stock were 20% of total cost of goods manufactured. Over applied overhead is 10,000 (OH rate is based on DL).

Problem 1: What is the overhead used for the period?

Reference no: EM132722287

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Find what is the overhead used for the period

Reference no: EM132722287

Reference no: EM132722287

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