Ww.213. At the end of the year llberg Company provided the following actual information:OverheadR423 600Direct labour costR532 000llberg uses normal costing and applies overhead at the rate of 80% of direct labour cost. At the end of theyear, Cost of Goods Sold (before adjusting for any overhead variance) was R1 890 000.Calculate the value of the adjusted Cost of Goods Sold account.O a. R1 888 000O b. R1 696 400O c. R1 892 000O d. R2 083 6000

The cost of goods sold is said to be under applied when actual overhead cost is more than the…

At the end of the year llberg Overhead R423 600 Direct labour cost R532 000 Ilberg uses normal costing and applies overhead at the rate of 80% of direct labour cost. At the end year, Cost of Goods Sold (before adjusting for any overhead variance) was R1 890 000. Calculate the value of the adjusted Cost of Goods Sold account.

At the end of the year llberg Overhead R423 600 Direct labour cost R532 000 Ilberg uses normal costing and applies overhead at the rate of 80% of direct labour cost. At the end year, Cost of Goods Sold (before adjusting for any overhead variance) was R1 890 000. Calculate the value of the adjusted Cost of Goods Sold account.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 6PA: During the year, a company purchased raw materials of $77,321, and incurred direct labor costs of...

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