Levron 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 $58,000, variable manufacturing overhead of $2.00 per machine-hour, and 20,000 machine-hours. The company has provided the following data concerning Job P978 which was recently completed:Number of units in the job20Total machine-hours80Direct materials$ 500Direct labor cost$ 2,640The amount of overhead applied to Job P978 is closest to:
A. $232
B. $392
C. $552
D. $160
Answer: B
Business
You might also like to view...
While preparing résumés, errors in keyboarding, spelling, and punctuation could be taken as evidence of a poor academic background, lack of respect for the employer, or carelessness
Indicate whether the statement is true or false
Business
A brand's message should be easy to remember and remind consumers about the product attributes they care about most.
Answer the following statement true (T) or false (F)
Business
Which of the following must be paid for by the employer in all states?
a. Medicare b. medical leave c. paid sick days d. life insurance
Business
A proportional tax rate is one where the rate of the tax is the same for all taxpayers, regardless of income levels.
Answer the following statement true (T) or false (F)
Business