Kiner Co Computed an Overhead Rate for Machining Costs ($500,000) of of $5

question 154

Short Answer

Kiner Co. computed an overhead rate for machining costs ($500,000) of $5 per machine hour. Machining costs are driven by machine hours. If computed based on direct labor hours, the overhead rate for machining costs would be $10 per direct labor hour. The company produces two products, Cape and Chap. Cape requires 60,000 machine hours and 20,000 direct labor hours, while Chap requires 40,000 machine hours and 30,000 direct labor hours. Using activity-based costing, machining costs assigned to each product is

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Definitions:

Prejudice

Preconceived opinion that is not based on reason or actual experience, often directed towards a person or group.

Discrimination

The unjust or prejudicial treatment of different categories of people, often based on race, age, sex, or disability.

Past 50 Years

Referring to events, developments, or changes that have occurred during the last half-century.

Prejudice And Discrimination

Negative attitudes and behaviors towards individuals or groups based on preconceived judgments or characteristics.