Job 910 Was Recently Completed

question 89

Multiple Choice

Job 910 was recently completed. The following data have been recorded on its job cost sheet: The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $15 per machine-hour. The total cost that would be recorded on the job cost sheet for Job 910 would be:

• A) $3,220
• B) $3,760
• C) $5,935
• D) $3,445

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Definitions:

Credit Application

A form or request submitted by an individual or business seeking to obtain credit from a lending institution.

Defaults

Failure to fulfill an obligation, especially failure to meet a financial obligation or to appear in a court of law.

Guarantor

An individual or organization that commits to taking on the debt or fulfilling the contract obligations of another party if that initial party does not uphold their responsibilities.

Subrogation

The legal process by which one party assumes the rights of another party to recover debts or damages paid on their behalf.