The Following Information for the Past Year Is Available from Thinnews

question 133

Multiple Choice

The following information for the past year is available from Thinnews Co., a company that uses machine hours to apply standard factory overhead cost to outputs: $\begin{array}{lrr}\text { Actual total factory overhead cost incurred } & \$ 24,000 \\\text { Actual fixed overhead cost incurred } & \$ 10,000 \\\text { Budgeted fixed overhead cost } & \$ 11,000 \\\text { Actual machine hours } & 5,000 \\\text { Standard machine hours allowed for the units manufactured } & 4,800 \\\text { Denominator volume-machine hours } & 5,500 \\\text { Standard variable overhead rate per machine hour } & \$ 3.00\end{array}$ The standard fixed overhead application rate, to two (2) decimal places, is:

• A) $1.00 per machine hour.
• B) $2.00 per machine hour.
• C) $3.00 per machine hour.
• D) $4.00 per machine hour.
• E) $5.00 per machine hour.

---

Definitions:

Axons

Long, slender projections of nerve cells that transmit electrical impulses away from the neuron's cell body, facilitating communication within the nervous system.

Neurotransmitters

Chemical substances found in the nervous system that communicate messages between neurons when released. The chemical message, once picked up by the dendrites, the cell body or the axon of a neighboring neuron, is read by that cell as a message to “fire” or “stop firing.”

Synaptic Gaps

Tiny spaces between neurons where neurotransmitters are released to allow signals to pass from one neuron to another, facilitating neural communication.

Dizygotic Origin

Pertains to twins who are born from two different eggs fertilized by two different sperm, also known as fraternal twins.