Examlex

Solved

Lueckenhoff Corporation Uses a Job-Order Costing System with a Single

question 247

Multiple Choice

Lueckenhoff Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $497,000, variable manufacturing overhead of $2.40 per direct labor-hour, and 70,000 direct labor-hours. The company has provided the following data concerning Job T498 which was recently completed: Lueckenhoff Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $497,000, variable manufacturing overhead of $2.40 per direct labor-hour, and 70,000 direct labor-hours. The company has provided the following data concerning Job T498 which was recently completed:   The predetermined overhead rate is closest to: A)  $11.90 per direct labor-hour B)  $7.10 per direct labor-hour C)  $9.50 per direct labor-hour D)  $2.40 per direct labor-hour The predetermined overhead rate is closest to:


Definitions:

Aromatic Amino Acid

An amino acid containing an aromatic ring, such as phenylalanine, tyrosine, and tryptophan, important for protein structure and function.

Disulfide Linkages

Chemical bonds formed by the oxidation of two thiol groups, often important in the tertiary and quaternary structures of proteins.

Peroxyformic Acid

An organic compound that is a peroxy acid, formed by reacting formic acid with hydrogen peroxide, known for its oxidizing properties.

Cysteic Acid

An amino acid derived from the oxidation of cysteine, characterized by a sulfonic acid group (-SO3H) attached to its side chain.

Related Questions