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What predetermined overhead rate company appear to using

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Reference no: EM132662190

Problem 1: The Work in Process inventory account of a manufacturing company shows a balance of $2,400 at the end of an accounting period. The job cost sheets of two uncompleted jobs show charges of $400 and $200 for direct materials and charges of $300 and $500 for direct labour. From this information, what predetermined overhead rate, as a percentage of direct labour costs, does the company appear to be using?

a) 80%

b) 125%

C ) 240%

d) 300%

Reference no: EM132662190

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