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

question 402

Multiple Choice

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:

• A) $2.90 per machine-hour
• B) $2.00 per machine-hour
• C) $4.90 per machine-hour
• D) $6.90 per machine-hour

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Definitions:

Wild Species

Plant and animal species that exist in their natural habitat and are not domesticated or modified by humans.

Tropical Regions

Geographic areas that are located near the Equator, characterized by warm temperatures year-round, high humidity, and significant rainfall.

Vulnerable

Indicates a state of being open to harm, damage, or attack due to various factors such as physical, emotional, economic, or environmental conditions.

Extinction

The permanent loss of a species from the Earth.