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

question 357

Multiple Choice

Cull 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 $462,000, variable manufacturing overhead of $2.20 per machine-hour, and 60,000 machine-hours. The company has provided the following data concerning Job X455 which was recently completed: The amount of overhead applied to Job X455 is closest to: (Round your intermediate calculations to 2 decimal places.)

• A) $176
• B) $792
• C) $968
• D) $616

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Definitions:

Organizational Learning

The process through which an organization acquires, develops, and transfers knowledge throughout the organization.

Potent Determinant

A powerful factor or force that decisively affects the nature or outcome of something.

Specific Factors

Components or elements that are unique to a particular situation, environment, or condition, affecting outcomes in a distinct way.

Learning Organizations

Organizations that actively cultivate, facilitate, and encourage the continuous learning and development of their members to adapt and transform.