Winston Company Estimates That the Factory Overhead for the Following

question 144

Multiple Choice

Winston Company estimates that the factory overhead for the following year will be $1,250,000. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 50,000 hours. The total machine hours for the year were 54,300. The actual factory overhead for the year was $1,375,000. Determine the over- or underapplied amount for the year.

• A)$17,500 overapplied
• B)$17,500 underapplied
• C)$118,250 overapplied
• D)$118,250 underapplied

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Definitions:

Deontology Approach

A moral philosophy that stresses the importance of duty and the morality of actions, irrespective of the outcomes.

Outcomes Of Actions

The results or consequences that follow from specific actions or decisions made by individuals or organizations.

Pleasing Others

The act of making an effort to satisfy or meet the expectations of other people, often prioritizing their happiness or approval.

Winning Approval

The process of gaining acceptance or endorsement from stakeholders, authorities, or specific groups, often in the context of business initiatives or projects.