Marshall Corp End of Year Balances Are as Follows Required:
A

question 40

Essay

Marshall Corp. uses a budgeted factory- overhead rate to apply overhead to production. The following data are available for the year: $\begin{array}{ll}\text { Budgeted factory overhead } & \$ 675,000 \\\text { Actual factory ow erhead } & \$ 726,000 \\\text { Budgeted direct-labor costs } & \$ 450,000 \\\text { Actual direct- lab or costs } & \$ 482,000\end{array}$
End of year balances are as follows: $$\begin{array} { l l } \text { Materials inventory } & \$ 120,000 \\\text { WIP inventory } & \$ 100,000 \\\text { Cost of goods sold } & \$ 150,000 \\\text { Finished goods inventory } & \$ 250,000\end{array}$$ Required:
a. Determine the budgeted factory- overhead rate based on direct- labor costs.
b. What is the applied overhead based on direct- labor costs?
c. What is the overhead variance?
d. Prorate the overhead variance to the appropriate accounts.

Recognize the role of sensitive periods and the evolutionary perspective on development.

Distinguish between cause and correlation in interpreting research findings.

Understand the benefits and applications of various research designs in developmental psychology, including cohort sequential, cross-sectional, and longitudinal studies.

Differentiate between major theoretical perspectives in developmental psychology, such as behaviorism and constructivism.

---

Definitions:

Romantic Relationships

Romantic Relationships are emotional connections between people, characterized by love, commitment, and intimacy.

Sexual Exploration

The process of seeking and discovering sexual preferences, boundaries, and interests.

Identity Development

The process through which an individual forms a distinct self-concept and sense of identity through various stages of life.

Search for Identity

The process of exploring and questioning oneself to understand who they are, often associated with adolescence and young adulthood.