#1) The work-in-process inventory account of a manufacturing company shows a balance of $3,000 at the end of an accounting period. The job-cost sheet of the two incomplete jobs show charges of $500 and $300 for direct materials, and charges of $400 and $600 for direct labor. From this information, it appears that the company is using a predetermined overheard rate as a percentage of direct labor costs. WHAT PERCENTAGE IS THAT RATE?





http://www.studentoffortune.com/question/1756490/1-The-work-in-process-inventory-account-of-a-manufacturing-company-shows-a-balance