Likes Incorporated Makes a Single Product-A Cooling Coil Used in Commercial

question 57

Multiple Choice

Likes Incorporated makes a single product-a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: The total amount of manufacturing overhead applied is closest to:

• A) $488,400
• B) $424,320
• C) $432,640
• D) $498,000

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Definitions:

Acetabulum

The cup-shaped cavity at the base of the hip bone into which the ball-shaped head of the femur fits to form the hip joint.

Inferior Pubic Ramus

The lower branch of the pubic bone, which together with the superior ramus, forms a part of the pelvis.

Scapula

A flat, triangular bone located in the upper back, part of the shoulder girdle that provides attachment for several muscles.