Gill Manufacturing Uses a Predetermined Overhead Allocation Rate Based on Direct

question 24

Multiple Choice

Gill Manufacturing uses a predetermined overhead allocation rate based on direct labor cost.At the beginning of the year,Gill estimated total manufacturing overhead costs at $1,030,000 and total direct labor costs at $830,000.In June,Gill completed Job 511.The details of Job 511 are shown below. $\begin{array} { |l | l |} \hline \text { Direct materials cost } & \$ 23,500 \\\hline \text { Direct labor cost } & \$ 13,000 \\\hline \text { Direct labor hours } & 300 \text { hours } \\\hline \text { Units of product produced } & 400 \text { units } \\\hline\end{array}$ How much was the total job cost of Job 511? (Round any percentages to two decimal places and your final answer to the nearest dollar.)

• A) $36,872
• B) $52,633
• C) $65,664
• D) $36,996

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Definitions:

Probability Calculations

The process of determining the likelihood of a given outcome, often expressed as a number between 0 and 1.

Normal Data

Data that follows a normal distribution, characterized by a bell-shaped curve where most observations cluster around a central peak and probabilities for values taper off equally in both directions.

Alternative Hypothesis

A statement that contradicts the null hypothesis and is tested for possible acceptance in hypothesis testing.

Skewness

A measure of the asymmetry of the probability distribution of a real-valued random variable about its mean.