Simon Manufacturing Company Uses a Predetermined Overhead Application Rate of $10

question 5

Multiple Choice

Simon Manufacturing Company uses a predetermined overhead application rate of $10 per direct labour hour. A review of Simon's accounting records for the year just ended discovered the following: Underapplied manufacturing overhead: $9,000
Actual manufacturing overhead: $400,000
Budgeted labour hours: 50,000
Simon's actual labour hours worked totaled:

• A)39,100
• B)40,000.
• C)40,900
• D)49,872
• E)50,000

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Definitions:

Lipids

A broad group of naturally occurring molecules which includes fats, waxes, sterols, fat-soluble vitamins, and others, known for being a major source of energy.

Proteins

Large, complex molecules made up of amino acids that perform a vast array of functions within organisms, including structural support, transporting molecules, and catalyzing metabolic reactions.

Phylum

A taxonomic grouping of related, similar classes; a category beneath the kingdom and above the class.

Chordata

A phylum of animals possessing a notochord at some stage in their development, including vertebrates like fish, amphibians, reptiles, birds, and mammals.