This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: professional labor cost during its audit of Plano Molding Company, which was billed an audit fee of $260,000. Under traditional costing, using 200% as the rate for applying overhead to the job, Check and Doublecheck would compute applied overhead and operating income related to the Plano Molding Company audit as shown in Illustration 17-15 . 17-15 Overhead applied under traditional costing system This example, under traditional costing, uses only one direct cost item and one overhead application rate....
View Full Document
- Fall '11