Solution-What was the predetermined overhead application

What was the predetermined overhead application rate

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Reference no: EM13530978

Croftmark Co. began operations on May 1, 2010. Its Work in Process Inventory account on May 31 appeared as follows:

	Work in Process Inventory
Direct material	277,200	Cost of completed jobs	??
Direct labor	192,000
Applied overhead	268,800

The company applies overhead on the basis of direct labor cost. Only one job was still in process on May 31. That job had $75,450 in direct material and $36,200 in direct labor cost assigned to it.

a. What was the predetermined overhead application rate?

b. What was the balance in WIP Inventory at the end of May?

c. What was the total cost of jobs completed in May?

Reference no: EM13530978

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What was the predetermined overhead application rate

Reference no: EM13530978

Reference no: EM13530978

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