Use the Following Information for the Next 2 Questions

question 100

Multiple Choice

Use the following information for the next 2 questions.
Allen, Inc. has budgeted $120,000 in variable overhead and $72,000 in fixed overhead for the current month. 8,000 custom units were expected to be produced using 60,000 machine hours. During the month, Allen actually used 68,096 machine hours and produced 8,960 units. Actual overhead costs were: $132,000 variable and $73,600 fixed.
-Assume Allen uses a normal costing system. The variable overhead allocated would be

• A) $136,192
• B) $132,000
• C) $134,400
• D) $120,000

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Definitions:

Endogamy

The custom of marrying within one's social, cultural, or ethnic group.

Propinquity

The tendency for people to form friendships or relationships with those whom they encounter frequently, often due to physical or geographical proximity.

Endogamy

The practice of marrying within a specific social group, caste, or ethnic group, rejecting others on such a basis as being unsuitable for marriage or other close personal relationships.

Exogamy

The social norm of marrying outside one's social group, which helps to expand the social network and alliances.