Kilo Company Has a Job-Costing System A Determine the Predetermined Factory Overhead Rate for Kilo Company
Kilo Company has a job-costing system.The following items appeared in the work-in-process account during January of the current year:
Kilo applies overhead to production on the basis of direct labour hours.Job XX,the only job in process on January 30,has been charged $10,600 materials cost and has 100 labour hours of direct labour time assigned to it.
Required:
A. Determine the predetermined factory overhead rate for Kilo Company.
B. Determine the amounts of materials, direct 1 abour, and factory overhead included in the January 30 work in process.
C. Determine the amount of materials placed into production during January.
Correct Answer:
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