ABC Company Listed the Following Data for the Current Year

question 67

Multiple Choice

ABC Company listed the following data for the current year: $\begin{array}{lr}\text { Budgeted factory overhead } & \$ 1,044,000 \\\text { Budgeted direct labor hours } & 69,600 \\\text { Budgeted machine hours } & 24,000 \\\text { Actual factory overhead } & 1,037,400 \\\text { Actual labor hours } & 72,600 \\\text { Actual machine hours } & 23,600\end{array}$ Assuming ABC applied overhead based on machine hours, the company's predetermined overhead rate for the year is:

• A)$43.95 per machine hour.
• B)$14.38 per machine hour.
• C)$43.50 per machine hour.
• D)$14.50 per machine hour.
• E)$14.28 per machine hour.

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Definitions:

Spliced

The process of removing introns and joining exons together in a pre-mRNA molecule to form a mature mRNA strand.

Plasmids

Small, circular, double-stranded DNA molecules, distinct from a cell's chromosomal DNA, that can replicate independently and are found primarily in bacteria.

Cloning Vectors

DNA molecules used to transfer foreign genetic material into a host cell, where it can be replicated and possibly expressed.

DNA Fragments

Pieces of DNA that are the result of cutting DNA strands into smaller segments using restriction enzymes.