Mackinaw Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 17,000 actual direct labor-hours and incurred $145,000 of actual manufacturing overhead cost. They had estimated at the beginning of the year that 16,000 direct labor-hours would be worked and $144,000 of manufacturing overhead costs incurred. The Corporation had calculated a predetermined overhead rate of $9 per direct labor-hour. The Corporation's manufacturing overhead for the year was:
A. overapplied by $8,000
B. overapplied by $1,000
C. underapplied by $1,000
D. underapplied by $8,000
Answer: A
You might also like to view...
The person claiming a dependent under a multiple support declaration must provide more than 25% of the dependent's support.
Answer the following statement true (T) or false (F)
Which step in the marketing research process involves the use of data analysis and statistical techniques to help draw conclusions?
A. Locating and defining problems or research issues B. Developing hypotheses C. Collecting data D. Interpreting research findings E. Reporting research findings
How many key supply chain processes are there?
a. 2 b. 5 c. 8 d. 12
Which of the following best completes the statement, ‘The social media value chain illustrates the ______ of social media participants and the ______ that make those activities possible.’?
a. Core activities, components. b. Attitudes, core competencies. c. Competencies, components. d. Core activities, competencies. e. None of these.