Oscar, Inc, a manufacturer of gift articles, uses a single plantwide rate to allocate indirect costs with machine hours as the allocation base
Estimated overhead costs for the year are $5,000,000. Estimated machine hours are 40,000. During the year, the actual machine hours used were 45,000. Calculate the predetermined overhead allocation rate. (Round your answer to the nearest dollar.)
A) $111
B) $91
C) $125
D) $63
C .C)
Calculation of single plantwide allocation rate:
Estimated overhead cost for the year $5,000,000
Estimated machine hours for the year 40,000
Single plantwide rate ($5,000,000 / 40,000 ) $125
You might also like to view...
The ________ is a federal act that requires employers with one hundred or more employees to give their employees sixty days' notice before engaging in certain plant closings or layoffs
A) Norris-LaGuardia Act B) Labor Management Relations Act C) Worker Adjustment and Retraining Notification Act D) Labor Management Reporting and Disclosure Act
A warehouse manager needs to simulate the demand placed on a product that does not fit standard models. The concept being measured is "demand during lead time," where both lead time and daily demand are variable
The historical record for this product suggests the following probability distribution. Convert this distribution into random number intervals. Demand during lead time Probability 100 .02 120 .15 140 .25 160 .15 180 .13 200 .30
Warnes Motors' stock is trading at $20 a share. Three-month call options with an exercise price of $20 have a price of $1.50. Which of the following will occur if the stock price increases 10% to $22 a share?
A. The price of the call option will increase by $2. B. The price of the call option will increase by less than $2, but the percentage increase in price will be more than 10%. C. The price of the call option will increase by less than $2, and the percentage increase in price will be less than 10%. D. The price of the call option will increase by more than $2. E. The price of the call option will increase by more than $2, but the percentage increase in price will be less than 10%.
A restaurant choosing to record frequencies of specific problems reported by customers would most likely use what tool?
a. Pareto Chart b. Check sheet c. Fishbone diagram d. Process map