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

question 56

Multiple Choice

Levron 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 $58,000, variable manufacturing overhead of $2.00 per machine-hour, and 20,000 machine-hours. The company has provided the following data concerning Job P978 which was recently completed:

-The predetermined overhead rate is closest to:

• A) $2.90 per machine-hour
• B) $2.00 per machine-hour
• C) $4.90 per machine-hour
• D) $6.90 per machine-hour

---

Definitions:

Code of Ethics

A set of principles and guidelines that are designed to help professionals conduct business honestly and with integrity.

Photography Series

A collection of photographs focused on a specific subject, theme, or concept, presented as a cohesive body of work.

Corporal Punishment

A form of physical discipline that involves the deliberate infliction of pain as retribution for an offense.

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment, involving skepticism, logic, and reasoning.