The Marlow Corporation uses a standard cost system and applies manufacturing overhead to products on the basis of standard direct labor-hours. The denominator activity is set at 40,000 direct labor-hours per year. Budgeted fixed manufacturing overhead cost is $40,000 per year, and 0.5 direct labor-hours are required to manufacture one unit. The standard cost card would indicate fixed manufacturing overhead cost per unit to be:
A. $1.50
B. $1.00
C. $0.50
D. $2.00
Answer: C
Business
You might also like to view...
Most company leaders do a thorough job of understanding the corporation's reputation
Indicate whether the statement is true or false
Business
Both Canada and Japan have strong economies worldwide
Indicate whether the statement is true or false.
Business
Define country club management as proposed by the Leadership Grid® approach. Include specification of the level of concern for people and for production.
What will be an ideal response?
Business
Basic reasons companies invest in IT and EC include each of the following except
A) improve business processes. B) increase customer satisfaction and retention. C) reduce time-to-market. D) justify new marketing campaigns.
Business