Nichols Inc

question 9

Multiple Choice

Nichols Inc. manufactures remote controls. Currently the company uses a plant-wide rate for allocating manufacturing overhead. The plant manager is considering switching-over to ABC costing system and has asked the accounting department to identify the primary production activities and their cost drivers which are as follows:

The current traditional cost method allocates overhead based on direct manufacturing labor hours using a rate of $600 per labor hour.
What are the indirect manufacturing costs per remote control assuming an activity-based-costing method is used and a batch of 100 remote controls are produced? The batch requires 460 parts, 5 direct manufacturing labor hours, and 18 minutes of inspection time.

• A) $6.00 per remote control
• B) $13.30 per remote control
• C) $32.00 per remote control
• D) $1,330.00 per remote control

Describe the cognitive perspective and its contributions to understanding human behavior.

Comprehend the debate between nature and nurture in psychology.

Understand methodologies employed in psychological research and critical thinking in evaluating psychological claims.

Understand the perception of Americans towards Japanese culture in the mid-19th century.

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Definitions:

Economic Depression

A prolonged period of significant decline in economic activity across the economy, characterized by high unemployment, low consumer spending, and financial instability.

Economic Abundance

A situation in which the supply of resources, goods, or services exceeds the demand, leading to a state of wealth and surplus.

Absolute Deprivation

A condition where individuals lack essential resources, compared to a standard deemed necessary for a minimal living.

Police And Government Services

Public services provided by the government, including law enforcement, public safety, and community welfare.