Simmons Inc

question 139

Multiple Choice

Simmons Inc.applies overhead to production at a predetermined rate of 90% based on direct labor cost.Job No.250, the only job still in process at the end of August, has been charged with manufacturing overhead of $7,200.What was the amount of direct materials charged to Job 250 assuming the balance in Work in Process inventory is $30,000?

• A)$7,500.
• B)$8,000.
• C)$14,800.
• D)$30,000.

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Definitions:

Knights Of Labor

A significant labor organization in the late 19th century in the United States that aimed to promote workers' rights and social reforms.

Sherman Anti-Trust Act

A landmark federal statute passed in 1890 aimed at promoting economic competition by prohibiting monopolies, trusts, and other practices that restricted commerce.

Massive Strikes

Large-scale work stoppages organized by workers or labor unions to protest against working conditions, wages, or other employment policies.