The work in process inventory account of a manufacturing company that uses an overhead rate based on direct labor cost has a $6,048 debit balance after all posting is completed. the cost sheet of the one job still in process shows direct material cost of $2,400 and direct labor cost of $1,200. therefore, the company's overhead application rate is:

The company's overhead application rate is $2.04

Explanation:

For computing the overhead application rate, first, we have to compute the applied overhead, then the only rate is being computed.  

So, the applied overhead equals to

= Balance of work in progress - direct material cost - direct labor cost

= $6,048 - $2,400 - $1,200

= $2,448

Now the  overhead application rate equals to

= Applied overhead ÷ direct labor cost

= $2,448 ÷ $1,200

= $2.04

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

your welcome leave a rate and a < 3

answer; societal marketing;