Kilt Company had the following information for the year: Direct materials used$110,000Direct labor incurred (5,000 hours)$150,000Actual manufacturing overhead incurred$166,000Kilt Company used a predetermined overhead rate of $42.00 per direct labor hour for the year and estimated that direct labor hours would total 5,500 hours. Assume the only inventory balance is an ending Work in Process balance of $17,000. How much overhead was applied during the year?
A. $166,000
B. $150,000
C. $231,000
D. $210,000
Answer: D
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[The following information applies to the questions displayed below.] Nelson Company experienced the following transactions during Year 1, its first year in operation. Acquired $12,000 cash by issuing common stock Provided $4,600 of services on account Paid $3,200 cash for operating expenses Collected $3,800 of cash from customers in partial settlement of its accounts receivable Paid a $200 cash dividend to stockholders What is the balance of the retained earnings that will be reported on the balance sheet as of December 31, Year 1?
A. $1,000 B. $1,400 C. $13,200 D. $1,200
List the five forces identified by Michael Porter that determine the intrinsic long-run attractiveness of a market or market segment
What will be an ideal response?
________________________________________ typically include accounts payable, accrued expenses, accrued taxes, deferred taxes, pension obligations and other retirement benefit obligations
Fill in the blank(s) with correct word
Return on investment (ROI) is calculated by:
A) multiplying the margin by the turnover. B) dividing the margin by the turnover. C) dividing the turnover by the margin. D) adding the margin and the turnover.