Use the Following to Answer Questions

question 9

Multiple Choice

Use the following to answer questions
Hepburn Corporation's sales price is $30 per unit. Unit sales information is presented below:
Management estimates that 2% of credit sales are uncollectible. Of the remaining credit sales, 30 percent are collected in the month of sale and the remainder in the following month. The March 31 ending inventory is 5,500 units, and Hepburn wants to have 10% of the next month's sales in ending finished goods inventory.
-Hepburn applies overhead at the rate of $10 for each machine hour.Each unit of finished goods requires 0.5 machine hours.What amount should Hepburn budget for overhead for April?

• A)$2,615,000
• B)$ 523,000
• C)$ 366,100
• D)$ 261,500

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Definitions:

Receptor Protein

Protein located in the plasma membrane or within the cell; binds to a substance that alters some metabolic aspect of the cell.

Latent

Present but not visible, apparent, or actualized; existing as potential.

Retrovirus

RNA virus, containing the enzyme reverse transcriptase, that carries out RNA/DNA transcription.

Budding

A form of asexual reproduction in which a new organism develops from an outgrowth of a parent, common among yeast and some invertebrates.