Harootunian Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours 80,000Total fixed manufacturing overhead cost$312,000Variable manufacturing overhead per machine-hour$2.10Recently, Job T629 was completed with the following characteristics: Number of units in the job 50Total machine-hours 200The amount of overhead applied to Job T629 is closest to:
A. $780
B. $1,200
C. $1,620
D. $420
Answer: B
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Product value analysis is an approach to enhancing productivity
Indicate whether the statement is true or false
Assume that a company records purchases net of discount. If the company bought merchandise valued at $15,000 on credit terms 3/15, net 30, the entry to record a payment for half of the purchase within the discount period would include a debit to
a. Accounts Payable for $7,275 and a credit to Cash for $7,275 b. Accounts Payable for $7,500 and a credit to Cash for $7,500 c. Accounts Payable for $7,275 and to Interest Expense for $250, and a credit to Cash for $7,500 d. Accounts Payable for $7,275 and to Interest Revenue for $250 and a credit to Cash for $7,500.
A struggling organization might accept a takeover from a rival company rather than declare bankruptcy and leave its employees jobless. This example is related to which ethical decision-making approach?
What will be an ideal response?
Sara is researching cross-country differences in demographic, cultural, and market conditions. She would not likely discover that
A. Keurig has acquired a large coffee farm in Costa Rica. B. McDonald's offers 100 percent beef-free products in its outlets in India. C. Nike produces its own line of skate shoes. D. Intel's silicon chips are identical across the world. E. Scotland provides low-cost loans to U.S. craft whisky distillers seeking entry to its markets in order to stimulate competitive rivalry.