Everlast Co. manufactures a variety of drill bits. The company's plant is partially automated. The budget for the year includes $432,000 payroll for 4,800 direct labor-hours. Listed below is cost driver information used in the product-costing system:
Using ABC, how much quality control overhead is assigned to the order?
Definitions:
Common Stock
Common stock is a type of security that represents ownership in a corporation, granting holders voting rights and a share in the company's profits through dividends.
ROE
Return on Equity, a measure of financial performance calculated by dividing net income by shareholders' equity, indicating how effectively management is using a company’s assets to create profits.
Net Income
The final income of a business once expenses and taxes are removed from the total revenue.
Invested Capital
Total capital invested in a company by its shareholders and debt holders, used for calculating returns generated by a company.
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