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

question 262

Multiple Choice

Beans Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $162,000, variable manufacturing overhead of $2.80 per direct labor-hour, and 60,000 direct labor-hours. Recently, Job K818 was completed with the following characteristics: The predetermined overhead rate is closest to:

• A) $5.50 per direct labor-hour
• B) $8.30 per direct labor-hour
• C) $2.80 per direct labor-hour
• D) $2.70 per direct labor-hour

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Definitions:

Emil Kraepelin

A pioneering German psychiatrist who made significant contributions to the classification of mental illnesses in the late 19th and early 20th centuries.

Dementia Praecox

An outdated term historically used to describe what is now known as schizophrenia, characterized by early onset and progressive cognitive decline.

Alfred Adler

An Austrian medical doctor and psychotherapist, founder of the school of individual psychology, known for his theories on individuality, inferiority complex, and social interest.

Joseph Breuer

An Austrian physician whose work with patient Anna O. laid the groundwork for psychoanalytic theory alongside Sigmund Freud.