Glaston Company Manufactures a Single Product Using a JIT Inventory

question 56

Multiple Choice

Glaston Company manufactures a single product using a JIT inventory system.The production budget indicates that the number of units expected to be produced are 193,000 in October,201,500 in November,and 198,000 in December.Glaston assigns variable overhead at a rate of $0.75 per unit of production.Fixed overhead equals $150,000 per month.Compute the total budgeted overhead that would appear on the factory overhead budget for month of October.

• A)$343,000.
• B)$150,000.
• C)$144,750.
• D)$301,125.
• E)$294,750.

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Definitions:

Instrumentation

pertains to the process and tools used for measurement and data collection in research studies.

Measuring Device

Refers to any instrument or tool designed to quantitatively or qualitatively assess variables, states, or phenomena.

Range Restriction

A limitation in the variability of a dataset, which can affect the strength and interpretability of statistical associations.

Statistical Conclusion Validity

The extent to which conclusions drawn from statistical analysis accurately reflect the true state of affairs in the observed data.