Zotta Enterprises Uses Standard Costing and Applies Manufacturing Overhead Cost

question 151

Multiple Choice

Zotta Enterprises uses standard costing and applies manufacturing overhead cost to products on the basis of standard direct labor-hours (DLHs) . Budgeted and actual data relating to manufacturing overhead for last year appear below: The budgeted fixed manufacturing overhead cost was:

• A) $24,000
• B) $38,900
• C) $40,200
• D) $37,600

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Definitions:

Concrete Operational

A stage in Piaget's theory of cognitive development where children aged 7 to 11 years start thinking logically about concrete events.

Metacognition

involves the awareness and understanding of one's own thought processes, often referred to as "thinking about thinking".

Systematic Thinking

A methodical approach to problem-solving and decision-making that involves logical, step-by-step procedures.

Formal Operational Reasoning

Piaget’s fourth stage of cognitive development, characterized by abstract, logical, and systematic thinking.