During 2013, Cotte Manufacturing Expected Job No

question 16

Multiple Choice

During 2013, Cotte Manufacturing expected Job No.59 to cost $300,000 of overhead, $500,000 of materials, and $200,000 in labor.Cotte applied overhead based on direct labor cost.Actual production required an overhead cost of $290,000, $550,000 in materials used, and $220,000 in labor.All of the goods were completed.How much is the amount of over- or underapplied overhead?

• A)$10,000 underapplied
• B)$10,000 overapplied
• C)$40,000 underapplied
• D)$40,000 overapplied

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Definitions:

Aqueous Methanol

Methanol (CH3OH) dissolved in water, creating a solution used in various chemical processes and applications.

Solvolysis

A type of substitution reaction in which the solvent acts as the nucleophile, attacking a saturated carbon, leading to the replacement of a leaving group.

Reactivity

The tendency of a substance to undergo a chemical reaction, either by itself or with other materials, under certain conditions.

Substrates

The specific substance or surface on which an enzyme acts or to which a molecule binds in a chemical reaction.