Longobardi Corporation Bases Its Predetermined Overhead Rate on the Estimated

question 74

Multiple Choice

Longobardi Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the Corporation estimated the labor-hours for the upcoming year at 46,000 labor-hours. The estimated variable manufacturing overhead was $6.25 per labor-hour and the estimated total fixed manufacturing overhead was $1,026,260. The actual labor-hours for the year turned out to be 41,200 labor-hours. The predetermined overhead rate for the recently completed year was closest to:

• A) $28.56 per labor-hour
• B) $22.31 per labor-hour
• C) $6.25 per labor-hour
• D) $31.16 per labor-hour

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Definitions:

Leadership Style

The approach and manner in which leaders direct, motivate, and manage teams or organizations.

Unit Manager

A managerial position responsible for overseeing the operations of a specific department or unit within a healthcare facility, ensuring efficient patient care.

Supervisor

An individual responsible for overseeing and directing the work of others in a professional setting.

Charge Nurse

A registered nurse assigned to manage a specific department or unit within a healthcare facility, overseeing the nursing staff and patient care.