Prather Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: Total direct labor-hours 50,000Total fixed manufacturing overhead cost$285,000Variable manufacturing overhead per direct labor-hour$3.80 Recently, Job P513 was completed with the following characteristics: Number of units in the job 10Total direct labor-hours 20Direct materials$710Direct labor cost$500The predetermined overhead rate is closest to:
A. $9.50 per direct labor-hour
B. $3.80 per direct labor-hour
C. $13.30 per direct labor-hour
D. $5.70 per direct labor-hour
Answer: A
You might also like to view...
The physical requirements of a proposed system would include all of the following except:
a. functional layouts for computer inquiry screens and reports b. user requirements c. response times d. workload and volume
The people that an individual would not like to be like make up his or her
A. isolation reference group. B. exclusive reference group. C. dissociative reference group. D. aspirational reference group. E. membership reference group.
If the mortgagee's or lienholder's foreclosure action in court is successful, the court will issue a judgment that orders ________.
A. that the mortgage or lien be renegotiated B. the debtor to arrange new financing C. that the underlying debt be forgiven D. the real property to be sold at a judicial sale
What is a strategic disadvantage of being a first mover?
A. least opportunity to build customer loyalty B. risk of competitors imitating innovations C. no cost and learning benefit D. no control over resources