Builder Giant Estimates the Following Overhead Costs for 2013 $\text { Buil der Giant incurred the following costs for } 2013 \text { for job A.56: }$

question 108

Multiple Choice

Builder Giant estimates the following overhead costs for 2013: $\begin{array}{lr}\text { Equipment depreciation } & \$ 30,000 \\\text { Equipment maintenance } & 64,000 \\\text { Factory management salaries } & 150,000 \\\text { Factory rent } & 50,000 \\\text { Total manufacturing overhead } & \$ 294,000\end{array}$
$\text { Buil der Giant incurred the following costs for } 2013 \text { for job A.56: }$
Direct material $\quad\quad\quad \$ 40,000$
Direct labor $\quad\quad\quad\quad \$ 12,800$ Other jobs incurred $183,200 of direct labor. Builder Giant also budgeted $210,000 in direct labor costs and 20,000 machine hours for 2013. Actual manufacturing overhead for 2013 was $336,000. How much is the predetermined overhead rate using direct labor cost as the allocation base?

• A) $14.70
• B) $1.60
• C) $1.50
• D) $1.40

Understand the concept of plasticity in early childhood brain development.

Identify the role of physical activity (gross motor skills, rough-and-tumble play) in early childhood development.

Recognize the leading causes of death in early childhood and preventive measures.

Understand the concepts of producer and consumer surplus in autarky and under international trade.

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Definitions:

Comprehensive Income

The total of all operating and non-operating revenues and gains minus all expenses and losses, including those not included in net income.

Financial Statements

Reports that show an organization's financial performance and position, typically including the balance sheet, income statement, and cash flow statement.

Foreign Currency

Currency used in a country other than one's own, involved in international trade and investment.

Transactions

Financial events that affect the financial position of a company, involving transfers of value between two or more entities.