Longobardi Corporation Bases Its Predetermined Overhead Rate on the Estimated

question 312

Multiple Choice

Longobardi Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the Corporation estimated the labor-hours for the upcoming year at 35,700 labor-hours. The estimated variable manufacturing overhead was $5.93 per labor-hour and the estimated total fixed manufacturing overhead was $805,392. The actual labor-hours for the year turned out to be 33,200 labor-hours. The predetermined overhead rate for the recently completed year was closest to:

• A) $28.49 per labor-hour
• B) $22.56 per labor-hour
• C) $5.93 per labor-hour
• D) $30.64 per labor-hour

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Definitions:

Sexual Arousal

The physiological and mental response to sexual stimulation, which can involve increased blood flow and erection in males and lubrication and swelling in females.

Aggressive Behaviour

Actions meant to cause harm or force control over others, which can be physical or verbal in nature.

Physiological Measures

Refer to techniques or methodologies used to assess the body's various functions and parameters, such as heart rate, blood pressure, and respiratory rate.

Canadians

Citizens of Canada, a country located in North America.