Job 910 Was Recently Completed

question 47

Multiple Choice

Job 910 was recently completed.The following data have been recorded on its job cost sheet: The Corporation applies manufacturing overhead on the basis of machine-hours.The predetermined overhead rate is $15 per machine-hour.The total cost that would be recorded on the job cost sheet for Job 910 would be:

• A)$3,220
• B)$3,760
• C)$5,935
• D)$3,445

Understand the financial instruments and strategies used by companies for raising funds and returning profits to shareholders.

Understand the components and scales used in Wechsler's measure of intelligence.

Differentiate between aptitude and achievement tests, and their implications for learning and performance.

Identify the importance of reliability and validity in psychological testing.

---

Definitions:

Budgeted Cost

The estimated or planned amount of money allocated for a particular purpose or period of time.

Direct Materials Cost Variance

A measure that evaluates the difference between the actual costs of direct materials used in production and the standard costs.

Direct Materials Price Variance

Direct materials price variance is the difference between the actual cost of direct materials used in production and the standard cost, indicating how much more or less was spent than expected.

Direct Materials Quantity Variance

The difference between the actual quantity of materials used in production and the standard quantity expected, multiplied by the standard cost per unit.