Using the Following Accounts and an Overhead Rate of 90

question 148

Multiple Choice

Using the following accounts and an overhead rate of 90% of direct labor cost,determine the amount of applied overhead.

• A)$79,200.
• B)$167,200.
• C)$34,320.
• D)$88,000.
• E)$35,376.

---

Definitions:

Tender Lifts

Equipment or processes used to lift goods or cargo, typically onto or off a ship or other vessel, often in the context of shipping and logistics.

Contract Specifications

Detailed terms and conditions outlined in a contract that specify the obligations, rights, and expectations of the parties involved.

Cover

A buyer’s or lessee’s purchase on the open market of goods to substitute for those promised but never delivered by the seller or lessor. Under the Uniform Commercial Code, if the cost of cover exceeds the cost of the contract goods, the buyer or lessee can recover the difference, plus incidental and consequential damages.

Remedies

Legal means for enforcing a right or redressing a wrong, including compensation, injunctions, and specific performance.