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:

Breaches A Contract

The act of breaking the terms set out in a contract, leading to potential legal consequences for the party in breach.

Inherently Wrong

Acts or behaviors that are considered morally or ethically unacceptable based on universal standards, regardless of the context or situation.

Injurious Falsehood

A false statement damaging to an individual’s or entity's reputation or business, made without lawful excuse.

Trade Slander

Defamation with respect to another’s product or business; also known as injurious falsehood or product defamation