Dowty Woodworking Corporation produces fine cabinets. The company uses a job-order costing system in which its predetermined overhead rate is based on capacity. The capacity of the factory is determined by the capacity of its constraint, which is an automated lathe. Additional information is provided below for the most recent month: Estimates at the beginning of the month: Estimated total fixed manufacturing overhead$19,964 Capacity of the lathe 280hoursActual results: Actual total fixed manufacturing overhead$19,964 Actual hours of lathe use 230hours The manufacturing overhead applied is closest to:
A. $19,964
B. $9,300
C. $7,639
D. $16,399
Answer: D
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Fill in the blank(s) with correct word
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What budget approach requires organizations to justify their budgets from the ground up?
A. zero-based B. cost center C. incremental D. use-it-or-lose-it
How has the role of unions changed over the years in the U.S.? Why?
What will be an ideal response?