Levron Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $58,000, variable manufacturing overhead of $2.00 per machine-hour, and 20,000 machine-hours. The company has provided the following data concerning Job P978 which was recently completed: 
The predetermined overhead rate is closest to:
Definitions:
Value Judgments
Value Judgments are assessments or opinions formed about something's worth or importance, often based on personal values, beliefs, or cultural standards.
Behavioral Change
The process of modifying actions, habits, or behaviors to improve health, well-being, or social interactions.
Contingency Contract
A behavior modification technique where an agreement is made between two parties, outlining specific behaviors and the rewards or consequences that follow from those behaviors.
Reinforcements
In behavioral psychology, stimuli which increase the likelihood of a behavior being repeated, can be positive or negative.
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