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

question 249

Multiple Choice

Sivret Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data:
Recently, Job M598 was completed with the following characteristics:

-The unit product cost for Job M598 is closest to:

• A) $65.25
• B) $160.75
• C) $215.25
• D) $43.05

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Definitions:

Empirical

Based on, concerned with, or verifiable by observation or experience rather than theory or pure logic.

Variables

Elements, factors, or conditions that can change and potentially influence outcomes in experimental or statistical contexts.

Causes

The reasons or factors that lead to certain effects, outcomes, or states of being.

Scientifically Innovative

Describes novel approaches, tools, or findings that significantly advance understanding or practices within the scientific field.