Coble Woodworking Corporation produces fine cabinets. The company uses a job-order costing system in which its predetermined overhead rate is based on capacity. The capacity of the factory is determined by the capacity of its constraint, which is an automated shaper. Additional information is provided below for the most recent month: Estimates at the beginning of the month: Estimated total fixed manufacturing overhead$28,560? Capacity of the shaper 280?hoursActual results: Sales$93,000? Direct materials$11,900? Direct labor$17,200? Actual total fixed manufacturing overhead$28,560? Selling and administrative expense$4600? Actual hours of shaper use 240?hoursThe manufacturing overhead applied is closest to:
A. $28,560
B. $24,480
C. $13,286
D. $4600
Answer: B
You might also like to view...
This is the most common third-party intervention, and negotiators surrender control over the process while maintaining control over outcomes.
A. arbitration B. process consultation C. med-arb D. mediation
Ann Arbor Division of the Michigan Company has the following statistics for its most recent operations: Assets available for use (Market Value) $3,600,000 Assets available for use (Book Value) $2,000,000 Ann Arbor Division's return on investment 25% Ann Arbor Division's residual income 200,000 Return on investment (entire Michigan Company) 20% Refer to Michigan Company. What is the target rate of
return in Michigan Company? a. 25% b. 20% c. 15% d. 10%
According to Koenig, the larger an organization’s international presence is, the more ______ it should be when looking at options for its operations.
A. rigid B. flexible C. focused D. tolerant
Discuss the ways in which intergroup conflict can be reduced.
What will be an ideal response?