Use the Following to Answer Questions

question 24

Multiple Choice

Use the following to answer questions
Dodd Corporation used $90,000 of direct material, $112,000 of direct labor, and applied $104,000 of manufacturing overhead during July. Its beginning and ending work-in-process and finished goods inventories were as follows:

-The standard cost for facility sustaining manufacturing overhead is $536,000 if the company produces 78,000 units of product.Actual facility sustaining manufacturing overhead to produce 79,500 units of product was $531,500.What is the standard cost of sustaining manufacturing overhead at the actual level of production?

• A)$521,472
• B)$531,500
• C)$536,000
• D)$546,308

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Definitions:

Emancipated Minor

A person under the age of majority who is legally granted most adult rights and responsibilities by court order or other means.

Contractual Obligations

Contractual obligations are duties that are legally binding on the parties involved in a contract, requiring them to act or refrain from acting in certain ways.

In Pari Delicto

A legal doctrine meaning "in equal fault," used when both parties are equally at fault in a legal matter.

Illegal Agreement

In contract law, a void agreement to do something that violates the law.