Beckett Industries has the following beginning and ending inventories for the month of April. Beckett uses one overhead control account and charges overhead to production at 70% of direct labor cost.The company does not formally recognize over- or underapplied overhead until year-end. What was the cost of the materials used by Beckett in April?
A)$370,000.
B)$170,000.
C)$363,000.
D)$168,000.
E)None of the answers is correct.

Question

Beckett Industries has the following beginning and ending inventories for the month of April.  Beckett uses one overhead control account and charges overhead to production at 70% of direct labor cost.The company does not formally recognize over- or underapplied overhead until year-end. What was the cost of the materials used by Beckett in April?
A)$370,000. 
B)$170,000. 
C)$363,000. 
D)$168,000. 
E)None of the answers is correct.

Quizplus · Accepted Answer

The Answer of Beckett Industries has the following beginning and ending inventories for the month of April.  Beckett uses one overhead control account and charges overhead to production at 70% of direct labor cost.The company does not formally recognize over- or underapplied overhead until year-end. What was the cost of the materials used by Beckett in April?
A)$370,000. 
B)$170,000. 
C)$363,000. 
D)$168,000. 
E)None of the answers is correct.

Beckett Industries Has the Following Beginning and Ending Inventories for the Month