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

question 227

Multiple Choice

Lueckenhoff 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 total fixed manufacturing overhead cost of $497,000, variable manufacturing overhead of $2.40 per direct labor-hour, and 70,000 direct labor-hours. The company has provided the following data concerning Job T498 which was recently completed:

-The amount of overhead applied to Job T498 is closest to:

• A) $568
• B) $192
• C) $760
• D) $952

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Definitions:

Competence

The ability of an individual or organization to effectively perform or carry out a specific task or skill.

Kurt Lewin

A psychologist known for his contributions to social psychology, particularly his theories on group dynamics, leadership styles, and organizational change.

Change Model

An approach or methodology utilized to facilitate transformation or modification within an organizational setting.

Attitudes

Mental states or positions regarding a person, item, or issue, encompassing beliefs, feelings, and behavioral intentions.