Reedy Company reports the following information for 2012: Factory overhead is 75% of the cost of direct labor. Work in process inventory on December 31, 2012, is:
A) $16,250
B) $8,500
C) $18,750
D) $13,500

Question

Reedy Company reports the following information for 2012: Factory overhead is 75% of the cost of direct labor. Work in process inventory on December 31, 2012, is:
A) $16,250 
B) $8,500 
C) $18,750 
D) $13,500

Quizplus · Accepted Answer

The Answer of Reedy Company reports the following information for 2012: Factory overhead is 75% of the cost of direct labor. Work in process inventory on December 31, 2012, is:
A) $16,250 
B) $8,500 
C) $18,750 
D) $13,500

Reedy Company Reports the Following Information for 2012: Factory Overhead