Question: The formula for computing the predetermined manufacturing overhead rate is estimated annual overhead cost divided by an expected annual operating activity, expressed as:
Question: In Cleo Company, the predetermined overhead rate is 80% of direct labor cost. During the month $210,000 of factory labor costs are incurred, of which $180,000 is direct labor and $30,000 is indirect labor. Actual overhead incurred was $200,000. The amount of overhead debited to Work in Process Inventory should be: