Canterra Co

question 72

Multiple Choice

Canterra Co.incurs $160,000 of overhead costs each year in its three main departments, setup ($10,000) , machining ($110,000) , and packing ($40,000) .The setup department performs 40 setups per year, the machining department works 5,000 hours per year, and the packing department packs 500 orders per year.Information about Canterra's 2 products is as follows: If machining hours are used as a base, how much overhead is assigned to Product One each year?

• A)$32,000
• B)$80,000
• C)$55,000
• D)$48,000

Comprehend the gradual approach to dismantling legal segregation through strategic casework.

Understand the origins and significant events of the Second World War.

Recognize the role and experiences of African Americans in the U.S. military during World War II.

Identify key figures and their contributions to the African American military experience and civil rights movements during the Second World War.

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Definitions:

Sales Value

The total revenue attained from goods or services sold, calculated by multiplying the selling price by the number of units sold.

Absorption Costing

A costing method where all manufacturing costs, both fixed and variable, are allocated to products, thus "absorbing" them into the cost of goods sold.

Markup

The supplementary amount factored into the base price of goods to address fixed costs and earnings, influencing their final selling point.

Selling Price

The price a consumer disburses to obtain a product or service from a merchant.