The Following Data Are Available for Skyway If Overhead Is Applied Based on Machine Hours,the Predetermined Overhead

question 74

Multiple Choice

The following data are available for Skyway:
$$\begin{array} { | l | l | } \hline \text { Estimated machine hours } & 40,000 \text { hours } \\\hline \text { Estimated overhead costs } & \$ 80,000 \\\hline\end{array}$$
If overhead is applied based on machine hours,the predetermined overhead rate is:

• A)$2.00.
• B)$20.00.
• C)$0.50.
• D)200%.

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Definitions:

Formal Authority

The power and legitimacy granted to an individual or an organization's position, as per the stated rules and policies.

Contingent Rewards

A form of motivation based on the premise that the reward is given only if certain predefined conditions are met.

Goal Accomplishment

The achievement of pre-determined objectives or targets, often used as a measure of success or productivity.

Transformational Leadership

Occurs when leaders broaden and elevate followers’ interests and stir followers to look beyond their own interests to the good of others.