Mirkle Corporation Uses the Following Activity Rates from Its Activity-Based

question 22

Multiple Choice

Mirkle Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products: Data for one of the company's products follow: The company produced 4,000 units of product during the period.Direct materials cost $7.30 per unit and direct labor cost $5.45 per unit.How much overhead cost would be assigned to Product P59G using the activity-based costing system?

• A)$54,482.56
• B)$3,138.24
• C)$10,014.40
• D)$154.78
• E)$5,301.76

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Definitions:

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involve different strategies or avenues a business or individual might consider when making decisions to achieve specific goals.

Good Judgment

The ability to make considered decisions or come to sensible conclusions.

Income Statements

A financial statement that shows a company's revenues and expenses over a specific period, leading to the net income or loss.

Merchandising Company

A business that purchases goods and sells them at a higher price without changing their form.