Crown Industries Has the Following Information About Its Standards and Production

question 227

Multiple Choice

Crown Industries has the following information about its standards and production activity for December:
Actual manufacturing overhead cost incurred,$92,500
Variable manufacturing overhead cost @ $3.25 per unit produced
Fixed manufacturing overhead cost @ $1.50 per unit produced
($22,500/15,000 budgeted units)
Actual units produced,5,400
Assume the allocation base for fixed overhead costs is the number of units to be produced.
How much are the standard overhead costs allocated to actual production?

• A)$48,750
• B)$92,500
• C)$71,250
• D)$25,650

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Definitions:

Hotel Industry

A segment of the hospitality sector that focuses on providing lodging facilities and other related services to travelers and guests.

Activity-Based Costing (ABC)

A method of allocating overhead and indirect costs based on the activities that drive these costs, with the aim of providing more accurate product costing.

Common Costs

Expenses incurred in the production of multiple products or delivery of multiple services that cannot be directly attributed to any individual product or service.

More Than One Activity

A reference to operations or processes that involve multiple tasks or actions, often requiring a broad set of skills or resources.