Examlex

Solved

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

question 151

Multiple Choice

Levron 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 $58,000, variable manufacturing overhead of $2.00 per machine-hour, and 20,000 machine-hours. The company has provided the following data concerning Job P978 which was recently completed: Levron 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 $58,000, variable manufacturing overhead of $2.00 per machine-hour, and 20,000 machine-hours. The company has provided the following data concerning Job P978 which was recently completed:   If the company marks up its unit product costs by 30% then the selling price for a unit in Job P978 is closest to: (Round your intermediate calculations to 2 decimal places.)  A)  $249.58 B)  $229.58 C)  $204.10 D)  $52.98 If the company marks up its unit product costs by 30% then the selling price for a unit in Job P978 is closest to: (Round your intermediate calculations to 2 decimal places.)


Definitions:

Value

The degree of importance or worth attributed to something, which guides people’s choices and behavior, reflecting personal or societal standards.

Personal Unconscious

A term from Jungian psychology, referring to all information that is present within an individual's mind, but not readily accessible to conscious recall.

Mental Instability

Refers to a state of psychological imbalance or disorder that affects an individual's thoughts and behaviors.

Childhood Experiences

Formational events and interactions encountered during early years that play a significant role in shaping one's behaviors, beliefs, and overall personality as they grow.

Related Questions