Figure 5-5 Tonneau Corporation had the following information available for October 2014:
Factory overhead rate is 150 percent of direct labor costs.
Job cost sheets had the following balances:
Jobs Z3 and Z4 were not completed at the end of December.
Refer to Figure 5-5. What is the balance in Work-in-Process for Tonneau at the end of October?

Question

Figure 5-5 Tonneau Corporation had the following information available for October 2014:
 Factory overhead rate is 150 percent of direct labor costs.
Job cost sheets had the following balances:
 Jobs Z3 and Z4 were not completed at the end of December.
Refer to Figure 5-5. What is the balance in Work-in-Process for Tonneau at the end of October?

Quizplus · Accepted Answer

The Answer of Figure 5-5 Tonneau Corporation had the following information available for October 2014:
 Factory overhead rate is 150 percent of direct labor costs.
Job cost sheets had the following balances:
 Jobs Z3 and Z4 were not completed at the end of December.
Refer to Figure 5-5. What is the balance in Work-in-Process for Tonneau at the end of October?

Figure 5-5 Tonneau Corporation Had the Following Information Available for October