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

question 65

Multiple Choice

Helland 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 the following data: The predetermined overhead rate is closest to:

• A)$2.50 per direct labor-hour
• B)$11.30 per direct labor-hour
• C)$6.30 per direct labor-hour
• D)$8.80 per direct labor-hour

---

Definitions:

Chi-square Statistic

A measure used in statistics to evaluate how well observed data fit expected outcomes under a specific hypothesis, often related to categorical data.

Degrees Of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution.

Total N

In statistical contexts, it refers to the total number of observations or data points in a study or analysis.