Figure 17-8
the Following Information Was Extracted from the Accounting

question 9

Multiple Choice

Figure 17-8
The following information was extracted from the accounting records of Noelle Company: $\begin{array}{c}\text { STANDARD COST CARD}\\\text { PER UNIT}\\\begin{array}{llc}\text { Direct materials: } & 8 \text { pounds } \times £ 1.20 \text { per pound } & £ 9.60 \\\text { Direct labour: } & 3 \text { hours } \times £ 20 \text { per hour } & 60.00 \\\text { Variable overhead: } & 3 \text { hours } \times £ 6 \text { per hour } & 18.00 \\\text { Fixed overhead } & & ?& \\\text { Total standard cost per unit } & &? \end{array}\end{array}$ Budgeted fixed overhead for the period is £420,000, and the budgeted fixed overhead rate is based on an expected capacity of 30,000 direct labour hours.
The following information is available regarding the company's operations for the period: $\begin{array}{ll}\text { Units produced } & 10,500 \\\text { Direct labour } & 29,000 \text { hours costing } £ 590,000 \\& \\\text { Overhead incurred: } & £ 182,000 \\\text { Variable } & £ 430,000\end{array}$
-Refer to Figure 17-8. Noelle's standard fixed overhead rate is

• A)£14.82.
• B)£14.48.
• C)£14.34.
• D)£14.00.

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Definitions:

Endorphins

Natural, pain-relieving chemicals produced by the body that also promote feelings of pleasure and well-being.

Sympathetic Nervous System

Part of the autonomic nervous system that prepares the body for 'fight or flight' responses during perceived threats.

Parasympathetic Nervous System

Part of the autonomic nervous system that conserves energy by slowing the heart rate, increasing intestinal and gland activity, and relaxing sphincter muscles in the gastrointestinal tract.

Somatic Nervous System

The somatic nervous system is part of the peripheral nervous system responsible for carrying motor and sensory information both to and from the central nervous system.