Placker Corporation Uses a Job-Order Costing System with a Single

question 63

Multiple Choice

Placker Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $155,000, variable manufacturing overhead of $3.40 per machine-hour, and 50,000 machine-hours. Recently, Job A881 was completed with the following characteristics: The total job cost for Job A881 is closest to: (Round your intermediate calculations to 2 decimal places.)

• A) $3,595
• B) $2,945
• C) $2,950
• D) $1,295

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Definitions:

Economy

An area or system in which goods and services are produced, distributed, and consumed by various agents, encompassing local to global scales.

Recession

A significant decline in economic activity spread across the economy, lasting more than a few months, typically visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.

Unemployment Compensation Benefits

Payments made to individuals who are temporarily out of work, providing financial support during unemployment.

Pink Slip

Informal term for the notice of dismissal given to an employee.