Figure 11-4

question 54

Multiple Choice

Figure 11-4. Kris Company calculates its predetermined rates using practical volume,which is 325,000 units.The standard cost system allows 3 direct labor hours per unit produced.Overhead is applied using direct labor hours.The total budgeted overhead is $4,260,000,of which $994,000 is fixed overhead.The actual results for the year are as follows:
Refer to Figure 11-4.The predetermined variable overhead rate is:

• A)$3.00 per direct labor hour.
• B)$2.50 per direct labor hour.
• C)$5.50 per direct labor hour.
• D)$3.35 per direct labor hour.
• E)none of these are correct.

Grasp the concept of logical/mathematical learning styles and their application in enhancing creative and critical thinking skills.

Develop an understanding of how personality and learning styles impact decision-making and problem-solving.

Apply critical thinking principles to analyze and approach real-life problems and scenarios.

Understand the concept and legal implications of uttering a forged instrument.

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Definitions:

Material Breach

A significant violation of a contract that goes to the essence of the agreement, giving the aggrieved party the right to terminate the contract and seek damages.

Breach

The act of infringing upon or failing to comply with a law, obligation, or any type of agreement.

Personal Assistant

An individual employed to help with daily tasks and organization, often for a business professional or executive.

Estate

The total assets owned by an individual at the time of their death, including real property, personal property, and financial assets.