Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams estimated total overhead of $396,000; materials of $410,000 and direct labor of $220,000. During the year Adams incurred $418,000 in materials costs, $413,200 in overhead costs and $224,000 in direct labor costs. Compute the amount of overhead applied to jobs during the year.

A. $424,450.
B. $396,000.
C. $413,200.
D. $403,200.
E. $413,190.


Answer: D

Business

You might also like to view...

Which of the following control plans will detect discrepancies between the attendance time and job time?

a. approve attendance time data and job time data b. distribute labor costs c. independent paycheck distribution d. use payroll clearing account

Business

Motivations for IT outsourcing include each of the following except

a. IT's highly technical nature b. Long term contracts in IT outsourcing c. Expense of IT d. Dynamically changing nature of IT

Business

________ attempts to answer questions related to practical problems

A) Syndicated research B) Secondary data C) Applied research D) Pure research E) Ethnographic research

Business

List the eight steps in the complete buyer purchase process in their correct order

What will be an ideal response?

Business