Baxter Company: Work in process: solve for missing amounts
Baxter Company developed the following data for the current year:
Beginning work in process inventory
$150,000
Direct materials used
90,000
Actual overhead
180,000
Overhead applied
135,000
Cost of goods manufactured
165,000
Total manufacturing costs
450,000
Baxter Company's direct labor cost for the year is ???
How do I manipulate and what formulas do I manipulate to get the missing Direct Labor total and Manufacturing Overhead total, of which
Direct Materials (90,000) is given as well as the Total Manuf Costs total is given
How do I get Predetermined overhead rate, and how and when do I use the Overhead Applied amount given??