Motorsports, Inc

question 173

Multiple Choice

Motorsports, Inc. had a predetermined overhead rate of $2 per direct labor hour. The direct labor hours were estimated to be 25,000. The actual manufacturing overhead incurred was $47,000 and 24,000 actual direct labor hours were worked. How much was overhead over/under applied last year?

• A)$1,000 underapplied
• B)$2,000 underapplied
• C)$1,000 overapplied
• D)$3,000 overapplied

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Definitions:

Failing Grade

An academic assessment outcome indicating that the level of performance did not meet the minimum criteria for passing.

Desirable Goals

Objectives or outcomes that are appealing and sought after by an individual or group.

Approach-Approach Conflict

A decision-making dilemma involving two desirable options, where choosing one means losing the other.

Emotion-Focused

An approach in psychotherapy and counseling that emphasizes the management and understanding of emotions as a pathway to healing and well-being.