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

question 124

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 total job cost for Job P978 is closest to:

• A) $3,140
• B) $892
• C) $3,532
• D) $3,032

Recognize the patterns of inflation over time concerning various investment types.

Understand the origins and purposes of early writing systems.

Recognize the impact and development of bronze metallurgy.

Identify specialized labor in ancient civilizations.

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Definitions:

Oil Sands

Deposits of bitumen or extremely heavy crude oil that can be mined and processed to extract the oil, primarily found in Alberta, Canada.

Crude Oil

A naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials.

Fukushima Nuclear Accident

A major nuclear disaster that occurred at the Fukushima Daiichi Nuclear Power Plant in Japan in March 2011, caused by a tsunami following a massive earthquake.

Synthetic Natural Gas

A fuel gas that can be produced from fossil fuels or renewable sources, designed to mimic the properties of natural gas.