Branin Corporation Uses a Job-Order Costing System with a Single

question 288

Multiple Choice

Branin Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $160,000, variable manufacturing overhead of $3.40 per direct labor-hour, and 80,000 direct labor-hours. The company has provided the following data concerning Job A578 which was recently completed:

-The predetermined overhead rate is closest to:

• A) $8.80 per direct labor-hour
• B) $2.00 per direct labor-hour
• C) $3.40 per direct labor-hour
• D) $5.40 per direct labor-hour

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Definitions:

Groups

Collections of subjects, items, or categories that are analyzed in research to determine the effect of certain variables.

Total N

Total N denotes the total number of observations or cases considered in a dataset or study.

Chi-square Statistic

A measure used in statistics to assess the differences between observed and expected frequencies in one or more categories.

Critical Value

A threshold in hypothesis testing that defines the boundary for rejecting the null hypothesis.