Minstrel Manufacturing Uses a Job Order Costing System

question 45

Multiple Choice

Minstrel Manufacturing uses a job order costing system.During one month Minstrel purchased $198,000 of raw materials on credit;issued materials to production of $195,000 of which $30,000 were indirect.Minstrel incurred a factory payroll of $150,000,paid in cash,of which $40,000 was indirect labor.Minstrel uses a predetermined overhead application rate of 150% of direct labor cost.If Minstrel incurred total overhead costs of $167,800 during the month,compute the amount of under- or overapplied overhead:

• A)$2,800 overapplied.
• B)$17,800 underapplied.
• C)$2,800 underapplied.
• D)$17,800 overapplied.
• E)$57,200 overapplieD.$167,800 - ($110,000 * 1.5)= $2,800

Understand the mechanism of natural selection and how it acts on populations.

Identify and describe the factors influencing population distribution and dispersion patterns.

Describe and understand the logistic growth model and its assumptions.

Understand the concept of life history traits and strategies in different organisms.

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Definitions:

Authority

The legitimate or socially accepted use of power, often conferred by a position in a hierarchical structure.

Functionalist View

A sociological perspective that interprets each part of society in terms of how it contributes to the stability and functioning of the whole society.

Conflict Theory

A sociological perspective that views social life as a competition, focusing on the distribution of resources, power, and inequality.

Socialization

The process by which individuals learn and internalize the values, beliefs, and norms of their society or social group.