The Overhead Cost Allocated to Zeta by Using Traditional Costing

question 69

Multiple Choice

The overhead cost allocated to Zeta by using traditional costing procedures would be:

• A)$240,000.
• B)$356,000.
• C)$444,000.
• D)$560,000.
• E)some other amount.

---

Definitions:

Sight Draft

A financial document demanding immediate payment upon presentation to the drawee.

Sale of Goods Act

A set of laws that regulate the sale of goods, providing rights to buyers and obligations to sellers, including provisions for the quality, fitness, and description of the goods.

Consignee

The person or entity to whom goods are shipped and who is responsible for receiving the shipment.

Licensing Agreement

A contract where the licensor allows the licensee to use the licensor's property under certain conditions.