Gerstein Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $90,000, variable manufacturing overhead of $3.70 per direct labor-hour, and 50,000 direct labor-hours. The company recently completed Job M800 which required 150 direct labor-hours. The amount of overhead applied to Job M800 is closest to:
A. $1,380
B. $825
C. $270
D. $555
Answer: B
You might also like to view...
Why does the media rely on a partnership with business and public relations practitioners?
A) Media look for opportunities to serve and inform their audiences. B) Media look for alternatives to advertising revenues. C) Federal law requires such partnerships in the name of public service. D) The communications industry is shrinking, and firms are looking for ways to stay in business. E) Shareholders are pressuring journalists to become more independent.
A commercial for a weight-loss program that explains that the customer pays only one dollar for every pound he or she wants to lose but specifies in fine print that the cost of meals is extra exemplifies ____ advertising.
A. unfair B. illegal C. deceptive D. push E. pull
Linear regression is not useful for aggregate planning.
Answer the following statement true (T) or false (F)
Suppose the dissimilarity between clusters A and B has the value 24 and the dissimilarity between cluster B and C has the value 12. Use McQuitty's method to determine the dissimilarity of clusters A and B.
A. 12 B. 18 C. 24 D. 36