Metropolitan Enterprises Reports the Following Information at December 31 $\begin{array}{cc}\text {Manufacturing Overhead }\\\hline\begin{array}{ll|l}&\$ 4,300& \$ 45,500 \\&21,000 \\&18,500\end{array}\end{array}$

question 35

Essay

Metropolitan Enterprises reports the following information at December 31:
$\begin{array}{cc}\text {Manufacturing Overhead }\\\hline\begin{array}{ll|l}&\$ 4,300& \$ 45,500 \\&21,000 \\&18,500\end{array}\end{array}$ Requirements
1.What is the actual manufacturing overhead of Metropolitan Enterprises?
2.What is the allocated manufacturing overhead?
3.Is manufacturing overhead underallocated or overallocated? By how much?

Link the concept of corporate social responsibility with the broader principles of business strategy and citizenship.

Identify the ethical considerations in business decisions, including outcome-based ethics and duty-based ethics.

Appreciate the importance of ethical decision-making processes and theories, such as utilitarianism and the principle of rights theory, in business contexts.

Understand the challenges and complexities in interpreting and applying laws ethically in business decisions.

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Definitions:

Bearer Instrument

A type of negotiable instrument that is payable to the holder or presenter, rather than a named individual.

Payable to Cash

A term indicating that a financial instrument, like a check, is written in such a manner that it can be cashed or negotiated by any holder, not just a specific payee.

"Pay to the Order of Bearer"

A phrase used on checks or other negotiable instruments that indicates the person possessing the document has the right to cash or negotiate it.

Drawee

The party, typically a bank, required to pay the specified amount on a check or draft when it is presented for payment.