Sai Company Uses a Job Order Cost System and Applies

question 49

Multiple Choice

Sai Company uses a job order cost system and applies manufacturing overhead costs to jobs using a predetermined overhead rate based on direct labour-hours. The following data were extracted from the company's accounting records for Year 6
$\begin{array} { l l l } & \text { Estimated } & \text { Actual } \\\text { Manufacturing overhead costs } & \$ 50,000&\$ 54,000 \\\text { Direct labour-hours } & 20,000 \text { hours } & 24,000 \text { hours }\end{array}$
Job #461 was completed during the year and the following costs had been incurred on that job:
$\begin{array} { l l l } \text { Direct materials } & \$ 50,000\\\text { Direct labour } & \text {\(\$ 1,500\) (at \(\$ 5.00\) per direct labour hour) }\end{array}$
-Suppose Job #461 contained 100 units.What unit cost would appear on the job cost sheet for job #461?

• A) $55.00.
• B) $61.00.
• C) $61.75.
• D) $62.50

Comprehend the role and the importance of reference checks in the selection process.

Identify and explain various selection techniques and their relevance to specific job contexts.

Understand the concept of reliability and validity in the context of selection devices.

Grasp the concept and benefits of on-the-job training methods such as coaching and job rotation.

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Definitions:

Sampling Distribution

A distribution of probabilities associated with a particular statistic, originating from a random sample.

Random Sample

A subset of a statistical population in which each member of the subset has an equal probability of being chosen.

Sampling Distribution

The likelihood distribution of a specific statistic derived from a random sampling.

Infinite Number

A concept in mathematics that describes a quantity without bounds or limit.