Leelanau Corporation uses a job-order costing system.The following data are for last year:
Leelanau applies overhead using a predetermined rate.What amount of overhead was applied to work in process last year?
A) $138,500
B) $121,500
C) $130,000
D) $203,500

Question

Leelanau Corporation uses a job-order costing system.The following data are for last year:
 Leelanau applies overhead using a predetermined rate.What amount of overhead was applied to work in process last year?
A) $138,500 
B) $121,500 
C) $130,000 
D) $203,500

Quizplus · Accepted Answer

Cost of Goods Manufactured
 11ea7761_18d5_d096_81a5_cdea0e2b2c6d_TB2580_00 $323,000 = $184,500 + X
X = $323,000 - $184,500 = $138,500

Leelanau Corporation Uses a Job-Order Costing System