Forbes Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. At the beginning of the period, the Corporation estimated manufacturing overhead would be $18,000 and direct labor-hours would be 15,000. The actual figures were $19,500 for manufacturing overhead and 16,000 direct labor-hours. The cost records for the period will show:
A. overapplied manufacturing overhead of $300
B. underapplied manufacturing overhead of $1,500
C. underapplied manufacturing overhead of $300
D. overapplied manufacturing overhead of $1,500
Answer: C
You might also like to view...
When determining the format for a message, a direct approach would work best under which conditions?
A) The audience will likely comply. B) The audience might be upset with the news. C) The audience has little time to read an explanation before reading the news. D) The audience will probably not agree with the news. E) The audience has little understanding of the reason for writing.
A ________ involves measurement of behavior, attitudes, or perceptions in the environment in which they occur
A) statistical environment B) laboratory environment C) field environment D) virtual environment E) perceptual environment
________ is exploiting a distinctive competence or improving efficiency for competitive advantage.
A. Smoothing B. Competitive aggression C. Competitive intelligence D. Coalition E. Cooptation
________ can enable one to improve marginal probabilities of the occurrence of an event by gathering additional information
Fill in the blank with correct word.