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

question 57

Multiple Choice

Thach 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 total fixed manufacturing overhead cost of $665,000,variable manufacturing overhead of $3.00 per machine-hour,and 70,000 machine-hours.Recently,Job T321 was completed with the following characteristics:
The unit product cost for Job T321 is closest to:

• A) $117.00
• B) $58.50
• C) $154.50
• D) $51.50

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Definitions:

Global Stratification

The hierarchical arrangement and classification of societies or countries based on indicators such as wealth, economic status, access to resources, and power.

Fertility Rates

The average number of children that would be born to a woman over her lifetime, based on current age-specific fertility rates.

Societal Burden

A term that describes the overall impact of social problems, including economic costs and negative effects on well-being, on a community or society.

Global Inequality

The unequal distribution of resources and opportunities among countries or regions across the world.