Assume the Following Sales Data for a Company: If

question 105

Multiple Choice

Assume the following sales data for a company: If 2014 is the base year, what is the percentage increase in sales from 2014 to 2015?

• A)76.9%
• B)30%
• C)40%
• D)71.4%

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Definitions:

Job-Order Costing

An accounting methodology used to assign manufacturing costs to individual units or batches of production, based on the jobs performed.

Predetermined Overhead Rate

A rate calculated before a period begins, used to allocate manufacturing overhead costs to products.

Machine-Hours

A measure of production time, referring to the total number of hours machines are operated during a specific period.

Manufacturing Overhead

All indirect costs associated with the production process, such as utilities, maintenance, and salaries for production managers.