Job 910 Was Recently Completed

question 354

Multiple Choice

Job 910 was recently completed. The following data have been recorded on its job cost sheet: The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $23 per machine-hour. The total cost that would be recorded on the job cost sheet for Job 910 would be:

• A) $3,971
• B) $8,008
• C) $4,492
• D) $7,168

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Definitions:

Dividend Declared

The action by a company's board of directors to distribute a portion of the earnings to shareholders, specified as an amount per share.

Originally Issued

Pertains to securities or stocks that have been made available for sale to the public for the first time.

Par-Common Stock

The face value of a share of common stock as designated in the corporate charter.

Paid-In Capital

Money that investors have given to a corporation in exchange for equity, representing the capital contribution from shareholders when issuing and selling shares.