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

question 45

Multiple Choice

Beans 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 $162,000, variable manufacturing overhead of $2.80 per direct labor-hour, and 60,000 direct labor-hours. Recently, Job K818 was completed with the following characteristics:

-If the company marks up its unit product costs by 40% then the selling price for a unit in Job K818 is closest to:

• A) $363.30
• B) $103.80
• C) $383.30
• D) $324.80

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Definitions:

Written Consent

Formal permission given in writing for an action or decision, often required legally or institutionally.

Emergency Treatment

Medical care administered for acute conditions or injuries requiring immediate attention.

Informed Consent

The process of providing comprehensive information about a medical treatment or procedure to a patient, so they can voluntarily decide to proceed.

Audit

An examination of the financial records of an organization to determine whether those records are a fair representation of the actual financial health of the institution.