Dehner 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 40,000Total fixed manufacturing overhead cost$96,000Variable manufacturing overhead per direct labor-hour$3.00Recently, Job P951 was completed with the following characteristics: Number of units in the job 20Total direct labor-hours 100Direct materials$755Direct labor cost$4,000The estimated total manufacturing overhead is closest to:
A. $96,000
B. $216,000
C. $96,003
D. $120,000
Answer: B
You might also like to view...
A sole proprietorship can have multiple owners
Indicate whether the statement is true or false
The sources and uses table is a part of the _____ of the business plan.
A. critical risks section B. offering section C. exit strategy D. financial plan
You purchase a computer for $1,500, having being told by the vendor that it is a 2002 model. After receiving it, you discover that it is a 2001 model, worth only about $1,200. What are your remedies?
A) If the vendor was honest but mistaken, you can return the computer and get your $1,500 back. B) If the vendor should have known that facts, you cannot return the computer but you can get $300 back. C) If the vendor knew the facts and lied about them, you can return the computer and get damages of $300. D) If the vendor wasn't sure about the model, you cannot return the computer, but you can get $300 in damages E) Buyer beware, there is nothing you can do you should have checked it out more carefully
Jenny purchased a Personal Auto Policy (PAP) that included property damage liability, collision coverage, medical payments coverage, and other-than-collision coverage. Jenny had too much alcohol to drink at a graduation party
While driving home from the party, Jenny ran off the road and hit a tree. Police responded to the accident, and Jenny was arrested for driving under the influence of alcohol. Which of the following statements is true regarding the damage to Jenny's car? A) Damage to the car is covered under Jenny's property damage liability coverage. B) Damage to the car is covered under Jenny's collision coverage. C) Damage to the car is covered under Jenny's other-than-collision loss coverage. D) There is no coverage as Jenny was intoxicated at the time of the accident.