Bear Claw Industries Uses a Job-Order Costing System The Following Information Was Available for Job No

question 24

Multiple Choice

Bear Claw Industries uses a job-order costing system. The Molding Department applies overhead based on machine hours, while the Assembly Department applies overhead based on direct labor hours. The company made the following estimates at the beginning of the current year: $$\begin{array} { l c c } \text { Manufacturing overhead cost } & \text { Molding } & \text { Assembly }\\\text { Machine hours } & \$ 700,000 & \$ 400,000 \\\text { Direct labor hours } & 10,000 & 4,000 \\& 12,000 & 16,000\end{array}$$
The following information was available for Job No. 7-29, which was started and completed during August: $\begin{array}{lcc}&\text { Job No. } 7-29\\&\text { Molding } & \text { Assembly }\\\text { Direct materials } & \$ 3,500 & \$ 7,500 \\\text { Direct labor } & \$ 9,000 & \$ 12,500 \\\text { Direct labor hours } & 900 & 1,250 \\\text { Machine hours } & 500 & 400\end{array}$
The predetermined overhead rate for the molding department is

• A)$100.
• B)$83.
• C)$70.
• D)$50.

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Definitions:

Glucose Stored

The accumulation of glucose in the body, primarily in the liver and muscles, in the form of glycogen for energy storage.

Digestive Processes

The biological mechanisms through which food is broken down and absorbed by the body.

Insulin Levels

The concentration of insulin, a hormone produced by the pancreas that regulates blood sugar levels, in the bloodstream.

Willingness Eat

An individual's readiness or openness to consume specific foods or types of food, which can be influenced by cultural, psychological, and personal preferences.