Fusaro Corporation uses a predetermined overhead rate base on machine-hours that it recalculates at the beginning of each year. The company has provided the following data for the most recent year. Estimated total fixed manufacturing overhead from thebeginning of the year$684,000 ??Estimated activity level from the beginning of the year 40,000machine-hours??Actual total fixed manufacturing overhead$616,000 ??Actual activity level 37,700machine-hours?? The amount of manufacturing overhead that would have been applied to all jobs during the period is closest to:
A. $580,580
B. $684,000
C. $644,670
D. $68,000
Answer: C
You might also like to view...
Strong brands achieve the following, except:
A) allow a company to charge more for products B) create brand parity C) provide customers assurance of quality D) transfer to other products or brands the company sells
Home Decor Company manufactures special metallic materials for luxury homes that require highly skilled labor. Home Decor uses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows:
Direct materials: 2 pounds per unit; $3 per pound Direct labor: 4 hours per unit; $14 per hour Home Decor produced 5000 units during the quarter. At the end of the quarter, an examination of the labor costs records showed that the company used 30,000 direct labor hours and actual total direct labor costs were $375,000. What is the direct labor cost variance? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.) A) $45,000 Favorable B) $280,000 Favorable C) $280,000 Unfavorable D) $45,000 Unfavorable
Article 2A of the UCC affords special treatment for consumer leases
a. True b. False Indicate whether the statement is true or false
Affirmative action is:
a. a quota system for minorities to overcome past discrimination b. illegal c. legal only if court ordered d. none of these