Summerlin Law Offices applies overhead to clients based on direct labor hours. The office manager determined that overhead will be applied at a rate of $25 per direct labor hour. The static budget for the month of November showed an estimated 2,500 direct labor hours would be incurred. During November, 2,800 direct labor hours were actually incurred and actual overhead costs were $58,800. What
should be the total overhead cost according to the firm's flexible budget for November?
A) $70,000
B) $58,800
C) $62,500
D) $52,500
A
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________ is the ability to ensure that e-commerce participants do not deny their online actions.
A. Nonrepudiation B. Authenticity C. Availability D. Integrity
The most influential theory of corporate responsibility of the past century is:
A. the social contract theory. B. the neoclassical economic theory. C. the stakeholder theory. D. the free society economic theory.
In the periodic inventory system, purchases of merchandise for resale are debited to the Purchases account
Indicate whether the statement is true or false
Best Deals, Inc. has 13 units in ending merchandise inventory on December 31. The units were purchased in November for $155 each. The price lists from suppliers indicate the current replacement cost of the item to be $161 each What would be the amount reported as Merchandise Inventory on the balance sheet?
A) $2,015 B) $4,108 C) $316 D) $2,093