The predetermined manufacturing overhead rate for 2020 was $4.00 per direct labor hour; employees were paid $5.00 per hour. If the estimated direct labor cost was $75,000, what was the estimated manufacturing overhead?
A. $15,000.
B. $93,750.
C. $75,000.
D. $60,000.
Answer: D
You might also like to view...
Which of the following is not true?
a. Owners of preferred stock have a claim on the assets of a firm that is senior to the claim of common shareholders. b. Preferred shares carry special rights. c. The senior status and special rights may induce certain investors to purchase preferred shares of a firm, even though they would be unwilling to purchase common shares of the same firm. d. The senior status and special rights increase the risks of preferred shareholders relative to common shareholders. e. Preferred shares vary with respect to the rights and obligations of the issuing firm and of the investor in the preferred shares.
The rate that a state assigns reflecting a company's stability or instability in employing workers is the:
A. Credit rating. B. Pay rate. C. Merit rating. D. Tax withholding rate. E. FICA rate.
A formal entrance into a contract between a client and an accountant is known as an ________
A) abatement B) arraignment C) easement D) engagement
The present value of the project's annual cash flows is ________. (See Table 11.5)
A) $ 47,820 B) $ 42,820 C) $ 51,635 D) $100,563