Use the Following Information to Answer Questions

question 66

Multiple Choice

Use the following information to answer questions

A company expected its annual overhead costs to be $750,000 and machine hours to equal 100,000 hours. Actual overhead was $745,000, and actual machine hours totalled 97,000 hours.

-How much overhead was applied?

• A)$722,650
• B)$727,500
• C)$749,810
• D)$768,000

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Definitions:

Breach of Contract

Not living up to a contract's condition, either written or verbal, in the absence of an acceptable legal reason.

Standard of Proof

is the level of certainty and the degree of evidence necessary for a judge or jury to believe a claim or find a defendant guilty in a legal proceeding.

Reasonable Doubt

The standard of proof required in criminal trials, where the evidence presented must be sufficient to leave no reasonable doubt in the mind of a juror regarding the defendant's guilt.

Defective Products

Products that are not safe for their intended use due to design, manufacturing, or labeling flaws.