The Work in Process Inventory account for Corbett Company for the month ended June 30 appears below.
$$\begin{array}{l}
\text { Work in Process Inventory }\
\begin{array} { l r | l r }
\hline \text { Beginging Balance } & 0 & \text { Completed } & 135,800 \
\text { Direct Materials } & 38,200 & & \
\text { Direct Labor } & 48,000 & \
\text { Overhead } & 86,400 &
\end{array}
\end{array}$$
Overhead is applied based on direct labor dollars.Direct material costs for the one job remaining in work in process on June 30 was $12,300.
a. What was the overhead rate used to apply overhead to jobs?
b. Determine the amount of direct labor charged to the one remaining job.

Question

The Work in Process Inventory account for Corbett Company for the month ended June 30 appears below.
 $$\begin{array}{l}
\text { Work in Process Inventory }\
\begin{array} { l r | l r } 
\hline \text { Beginging Balance } & 0 & \text { Completed } & 135,800 \
\text { Direct Materials } & 38,200 & & \
\text { Direct Labor } & 48,000 & \
\text { Overhead } & 86,400 &
\end{array}
\end{array}$$ 
Overhead is applied based on direct labor dollars.Direct material costs for the one job remaining in work in process on June 30 was $12,300. 
a. What was the overhead rate used to apply overhead to jobs?
b. Determine the amount of direct labor charged to the one remaining job.

Quizplus · Accepted Answer

The Answer of The Work in Process Inventory account for Corbett Company for the month ended June 30 appears below.
 $$\begin{array}{l}
\text { Work in Process Inventory }\
\begin{array} { l r | l r } 
\hline \text { Beginging Balance } & 0 & \text { Completed } & 135,800 \
\text { Direct Materials } & 38,200 & & \
\text { Direct Labor } & 48,000 & \
\text { Overhead } & 86,400 &
\end{array}
\end{array}$$ 
Overhead is applied based on direct labor dollars.Direct material costs for the one job remaining in work in process on June 30 was $12,300. 
a. What was the overhead rate used to apply overhead to jobs?
b. Determine the amount of direct labor charged to the one remaining job.

The Work in Process Inventory Account for Corbett Company for the Month