Macnamara Corporation Has Two Manufacturing Departments--Casting and Finishing

question 195

Multiple Choice

Macnamara Corporation has two manufacturing departments--Casting and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates:
During the most recent month, the company started and completed two jobs--Job F and Job M. There were no beginning inventories. Data concerning those two jobs follow:

-Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.The manufacturing overhead applied to Job F is closest to:

• A) $4,620
• B) $12,780
• C) $12,420
• D) $8,160

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Definitions:

Exempt Property

Property that cannot be seized by creditors under bankruptcy laws or in judgment enforcement actions to satisfy debts.

Discharge

In legal terms, it refers to the release from obligation, such as debts, responsibilities, or duties.

U.S. Attorney

Officials responsible for prosecuting violations of federal law and representing the United States government in court.

Reorganization Plan

A process in bankruptcy proceedings where a company restructures its business operations, debts, and assets to allow it to continue its operations.