Purves Corporation is using a predetermined overhead rate that was based on estimated total fixed manufacturing overhead of $121,000 and 10,000 direct labor-hours for the period. The company incurred actual total fixed manufacturing overhead of $113,000 and 10,900 total direct labor-hours during the period. The predetermined overhead rate is closest to:
A. $10.37
B. $11.30
C. $11.10
D. $12.10
Answer: D
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A construction company uses the percentage-of-completion method for long-term construction contracts. A particular job was begun in 2014 and completed in 2015 . During 2014, it appeared that the project would cost 25 percent more than originally expected. Data at the end of each year are given below: 2013 2014 2015 End-of-year estimated cost remaining $ 200,000 $ 100,000 $ - Annual cost incurred
200,000 200,000 60,000 The contract price was $700,000 . Assuming the company properly recorded income in 2013 . how much income should be recorded in 2014? a. $10,000 b. $42,000 c. $160,000 d. $192,000
Recent research in organizational leadership declares that the new project leader generates and sustains:
A) Trust. B) Revolution. C) Innovation. D) Joy.
The agent has the right to be compensated, to be reimbursed and indemnified, and to have a safe working environment
Indicate whether the statement is true or false
Stock with no printed value is known as ____________________ stock
Fill in the blank(s) with correct word