Merati Corporation has two manufacturing departments-Forming and Assembly. The company used the following data at the beginning of the year to calculate predetermined overhead rates: FormingAssemblyTotalEstimated total machine-hours (MHs) 5,000 5,000 10,000Estimated total fixed manufacturing overhead cost$28,000$10,500$38,500Estimated variable manufacturing overhead cost per MH$1.80$2.60 During the most recent month, the company started and completed two jobs-Job B and Job L. There were no beginning inventories. Data concerning those two jobs follow: Job BJob LForming machine-hours 3,400 1,600Assembly machine-hours 2,000 3,000Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. The
manufacturing overhead applied to Job L is closest to: (Round your intermediate calculations to 2 decimal places.)
A. $27,830
B. $11,840
C. $14,100
D. $25,940
Answer: D
You might also like to view...
________ of America's population is functionally illiterate
A) 17% B) 23% C) 32% D) 5%
Which of the following is untrue about a corporation's ratification of an act of an officer?
a. It applies to an authorized act of an officer. b. It relates back to the original transaction. c. It may be either express or implied from the corporation's acceptance of the contract's benefits. d. The corporation must have full knowledge of the facts in order to ratify the act.
Some multinational corporations attempt to manage political risk by simultaneously analyzing a range of variables to derive an overall rating of the degree of political risk in a given jurisdiction. This is referred to as a ________.
A. quantity management B. quantification circle C. quantity risk analysis D. quantification process
Exceptions to the warrant requirement include: A) RICO violations
B) plain view doctrine. C) no available magistrate. D) records under the FCPA.