Reyes Corporation Applies Overhead Using a Normal Costing Approach Based

question 82

Multiple Choice

Reyes Corporation applies overhead using a normal costing approach based upon machine-hours. Budgeted factory overhead was $266,400, budgeted machine-hours were 18,500. Actual factory overhead was $287,920, actual machine-hours were 19,050.
- How much is the over- or underapplied overhead?

• A) $21,520 underapplied.
• B) $13,600 underapplied.
• C) $7,920 overapplied.
• D) $0.

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Definitions:

Occipital-Parietal

Referring to the occipital and parietal lobes of the brain, areas involved in processing visual and spatial information.

Acromioclavicular Joint

The joint at the top of the shoulder that connects the acromion (a part of the shoulder blade) to the clavicle (collarbone).

Obedience

Compliance with commands or instruction from an authority figure, often studied in psychology to understand social influence and control mechanisms.

Bystander Intervention

The act of stepping in to prevent or halt an inappropriate or dangerous situation, often used in contexts of bullying or assault prevention.