Spice Simmers Provided the Following Information from Its Accounting Records

question 80

Multiple Choice

Spice Simmers provided the following information from its accounting records for 2016: $\begin{array}{ll} \text { Expected production } & \text { 30,000 labour hours }\\ \text { Actual production } & \text { 28,000 labour hours} \\ \text { Budgeted overhead } &\$ 1,500,000\\ \text {Actual overhead } &\$ 1450,000\\\end{array}$
How much is the overhead application rate if Spice Simmers bases the rate on direct labour hours?

• A)$51.79 per hour
• B)$48.33 per hour
• C)$50 per hour
• D)$46.67 per hour

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Definitions:

Training Program

An organized course or set of courses designed to equip participants with specific skills or knowledge.

Time Series with Control Group

A research design that tracks changes over time with the inclusion of a control group to account for external variables, allowing for more accurate causal inferences.

Data Collection Design

Involves planning the process of gathering and measuring information on variables of interest, in an established systematic fashion that enables one to answer stated research questions, test hypotheses, and evaluate outcomes.

Post-training Behaviour

The actions or conduct exhibited by employees after participating in training programs, reflecting the effectiveness of the training.