Orange, Inc

question 139

Multiple Choice

Orange, Inc. has identified the following cost drivers for its expected overhead costs for the year:If a volume-based costing system based on direct labor hours to assign overhead is used, the total overhead cost for Product X will be:

• A)$1,500.
• B)$1,560.
• C)$2,000.
• D)$2,400.
• E)$2,560.

---

Definitions:

Enforceable

Capable of being imposed or brought into effect legally, often referring to contracts or laws that can be executed through a legal process.

Contract

A legally binding agreement between two or more parties that outlines duties, rights, and obligations that are enforceable by law.

Verbal Contract

A verbal contract is an agreement made through spoken words between parties that is legally binding, though more difficult to prove than written contracts.

Binding

A legal agreement or contract that is enforceable in a court of law, obligating the parties to adhere to the terms.