Ferro Enterprises Uses a Standard Cost System in Which It

question 57

Multiple Choice

Ferro Enterprises uses a standard cost system in which it applies manufacturing overhead to units of product on the basis of standard direct labor-hours.During the month of September,the company applied $52,000 in fixed manufacturing overhead cost to units of product.At the end of the month,manufacturing overhead was overapplied by $3,000.If there was no volume variance in September,then the budgeted fixed manufacturing overhead cost for the month was:

• A) $49,000
• B) $52,000
• C) $55,000
• D) $58,000

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Definitions:

Soft Palate

The flexible part at the back of the roof of the mouth, distinguishing the back of the oral cavity from the nasopharynx.

Pharynx

A muscular tube that connects the mouth and nasal passages to the esophagus and larynx, serving both the respiratory and digestive systems.

Pulmonary Fibrosis

A lung disease characterized by damage and scarring of lung tissue, leading to severe breathing difficulties.

Emphysema

A long-term, progressive lung disease that primarily causes shortness of breath due to the over-inflation of the alveoli (air sacs in the lungs).