A manufacturer of playground equipment has a standard costing system based on standard direct labor-hours (DLHs) as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below:  Denominator level of activity 5,800DLHs Fixed overhead cost$58,870  The following data pertain to operations for the most recent period:     Actual hours 6,100DLHs Standard hours allowed for the actual output 6,018DLHs Actual total fixed manufacturing overhead cost$58,320  The fixed manufacturing overhead applied to products during the period is closest to: (Round your intermediate calculations to 2 decimal places.)

A. $58,870
B. $61,915
C. $61,083
D. $58,320


Answer: C

Business

You might also like to view...

Which of the following symbols represents the standard deviation of the population?

A. ?2
B. ?
C. ?
D.

Business

Which of the following items is treated as a cash equivalent?

a. Commercial paper with a 6-month maturity when purchased and 4 months until maturity at the balance sheet date. b. Investment in corporate stocks which management intends to sell within 3 months after the balance sheet date. c. Money market funds which can be obtained overnight from a bank or brokerage firm. d. Investments in corporate bonds which have 5 years until maturity when they are purchased.

Business

Chelsea, Jack, and Connor have a partnership. Chelsea wishes to withdraw from the partnership by removing assets that are greater than her current capital balance. Discuss who, if anyone, receives a bonus

Business

What is the first step in writing a formal report?

A) Selecting an appropriate layout and format B) Researching primary and secondary data C) Writing a purpose statement D) Determining the length of the report

Business