Carattini Incorporated makes a single product-an electrical motor used in many long-haul trucks. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Total budgeted manufacturing overhead$360,000 Budgeted hours 36,000labor-hoursStandard hours allowed for the actual production 34,200labor-hoursTotal actual manufacturing overhead$340,376 Actual hours 37,200labor-hours?The total amount of manufacturing overhead applied is closest to:
A. $340,376
B. $312,900
C. $342,000
D. $372,000
Answer: C
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An extremely high inventory turnover ratio may be a signal that the company is losing sales due to inventory shortages.
Answer the following statement true (T) or false (F)
Product and market opportunities in a postindustrial society are more heavily dependent upon new products and innovations than in industrial societies. An example of this would be:
A) Nestlé marketing Bono brand cookies in Brazil. B) Coca-Cola Company developing a beverage Vintago in low-income countries. C) New e-commerce markets for interactive forms of electronic communication. D) Hermes creating handbags called Amazonia. E) India's Suzlon Energy using wind-driven turbines.
________ is defined as the process by which managers ensure that resources are used effectively and efficiently in the accomplishment of organizational objectives
A) Review B) Monitor C) Control D) Accommodation
________ typically attack governments, organizations, and sometimes individuals for political purposes.
A. Crackers B. White hats C. Grey hats D. Hacktivists