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

question 49

Multiple Choice

Harootunian 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 the following data: Recently, Job T629 was completed with the following characteristics:
The estimated total manufacturing overhead is closest to:

• A) $168,000
• B) $312,002
• C) $312,000
• D) $480,000

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Definitions:

Time Wages

Compensation paid to an employee based on the amount of time worked, typically expressed as an hourly rate.