Carradine 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 total fixed manufacturing overhead cost of $105,000, variable manufacturing overhead of $3.00 per machine-hour, and 70,000 machine-hours. The company recently completed Job P233 which required 60 machine-hours. The amount of overhead applied to Job P233 is closest to:
A. $450
B. $270
C. $180
D. $90
Answer: B
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When is formal rulemaking required? Explain whether formal or informal rulemaking is used more frequently
What will be an ideal response?
Whitewater Corp. is looking for a new vendor for basic plastics because the present vendor has been inconsistent about meeting delivery schedules. Which of the following buying processes is the firm's purchasing agent most likely to use?
A. intensive buying B. straight rebuy C. new-task buying D. selective buying E. modified rebuy
What is the probability that during the next twenty minutes the number of boats arriving to load or unload is from two to four?