Use the Following Information for the Next 4 Questions

question 63

Multiple Choice

Use the following information for the next 4 questions.
Burkett Company uses a standard cost system. Indirect costs were budgeted at $200,000 plus $15 per direct labor hour. The overhead rate is based on 10,000 hours. Actual results were:
-The over- or underapplied overhead was

• A) $50,000 under
• B) $10,000 over
• C) $60,000 under
• D) $20,000 over

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Definitions:

Colonial Authorities

Officials or governing bodies who exercise control in colonies, often representing the interests of the imperial mother country.

Manumission

The act of a slave owner freeing their slaves; historically common prior to the abolition of slavery.

Louisiana Transfer

Refers to the acquisition of the Louisiana territory by the United States from France in 1803, commonly known as the Louisiana Purchase.

Dutch New Netherland

The 17th-century colonial province of the Dutch Republic that included parts of modern-day New York, New Jersey, Delaware, and Connecticut.