Zercox Corporation Uses a Predetermined Rate to Apply Overhead

question 52

Multiple Choice

Zercox Corporation uses a predetermined rate to apply overhead. At the beginning of the year, Zercox estimated its overhead costs at $380,000, direct labor hours at 55,000, and machine hours at 25,000. Actual overhead costs incurred were $350,150, actual direct labor hours were 56,000, and actual machine hours were 26,000.
What is Zercox's predetermined overhead rate per machine hour? (Round the answer to two decimal places.)

• A)$6.79
• B)$14.62
• C)$14.00
• D)$15.20

Understand how the need to belong affects individual behaviors and social interactions.

Identify the psychological and physiological effects of social rejection and loneliness.

Explain the role of proximity in forming relationships.

Recognize the impact of evolutionary theories on the understanding of social bonds and belongingness.

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Definitions:

Invested

To distribute financial resources aiming for potential benefits down the line, including income or profits.

Investment

The allocation of resources, usually money, in the expectation of generating an income or profit over time.

Compounded Semi-Annually

The process of calculating and adding interest to the principal sum of a loan or deposit twice a year.

9 Years

A period of time equivalent to nine cycles of 365 (or 366 in leap years) days, commonly used in reference to durations or time frames in various contexts.