The Work in Process inventory account of a manufacturing company shows a balance of $2,100...
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Accounting
The Work in Process inventory account of a manufacturing company shows a balance of $2,100 at the end of an accounting period. The job cost sheets of two uncompleted jobs show charges of $800 and $100 for direct materials and charges of $500 and $600 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.
12%
b.
9.09%
c.
8.06%
d.
11%
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