Kisler Incorporated makes a single product-a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Total budgeted manufacturing overhead$70,035 Budgeted production 15,000unitsStandard hours per unit (b) 0.70machine-hoursBudgeted hours (a) × (b) 10,500machine-hours Actual production (a) 14,000unitsStandard hours per unit (b) 0.70machine-hoursStandard hours allowed for the actual production (a) × (b) 9,800machine-hoursTotal actual manufacturing overhead$97,489 ?The total amount of manufacturing overhead applied is closest to:
A. $97,489
B. $69,368
C. $65,366
D. $91,900
Answer: C
You might also like to view...
A situation analysis ______.
a. is focused only on an organization’s internal strengths and weaknesses b. focuses on those features in a company’s environment that most directly affect its options and opportunities c. describes how strategic planning is different from operational planning d. is a plan for pursuing a mission and achieving objectives
State courts are not allowed to issue injunctions against mass picketing.?
Indicate whether the statement is true or false
Of the IRS-stipulated lookback periods, which ones are the most commonly used?
What will be an ideal response?
Which of the following represents the accounting equation?
A) liabilities = assets + owners' equity B) owners' equity = assets + liabilities C) assets = liabilities + owners' equity D) assets = liabilities - owners' equity E) assets = owners' equity - liabilities