Sparkle Company Uses Job Costing and Applies Overhead Using an }&\text

question 3

Multiple Choice

$\begin{array}{lccc}&\text { Direct }&\text {Direct}&\text { Direct }\\&\text { Materials }&\text {Labour Cost }&\text {Labour Hours }\\\text { Job 400 } & \$ 200 & \$ 800 & 40 \\\text { Job 401 } & 250 & 200 & 10 \\\text { Job 402 } & 500 & 600 & 30\end{array}$ Sparkle Company uses job costing and applies overhead using an actual costing system using direct labour hours as the allocation base. This period's estimated overhead cost is $400,000, estimated direct labour cost is $500,000 and estimated direct labour hours are 25,000. This period's actual overhead cost was $420,000, actual direct labour cost was $390,000, and actual direct labour hours were 20,000.
What is the total manufacturing cost of Job 402?

• A) $1,100
• B) $1,772
• C) $1,320
• D) $1,640

Grasp the process of entrepreneurship and its disregard for resources at hand.

Analyze the impact of personal and organizational factors on the success of entrepreneurial ventures.

Understand the characteristics and traits of successful entrepreneurs.

Analyze the challenges and opportunities faced by immigrants starting a business in the United States.

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Definitions:

Asset Betas

Measure the sensitivity of an asset's returns to market returns, representing the systematic risk of assets not attributable to market-wide movements.

Average Excess Returns

The average return on an investment above the return of a benchmark or risk-free asset.

Quasilinear

Pertaining to equations or functions that are nearly, but not exactly, linear in their behavior or representation.

Betas

A measure of a stock's volatility in relation to the overall market; a beta above 1 indicates greater volatility than the overall market.