Kleinveld Inc. The Machinery Department and Assembly Department Are Two Producing Departments

question 7

Multiple Choice

Kleinveld Inc.
The Machinery department and Assembly department are two producing departments in Kleinveld Inc. Machinery’s total overhead is $30 000, using 200 machine hours and 500 direct labour hours. Assembly’s total overhead cost is $45 000, using 300 machine hours and 500 direct labour hours. The Machinery department overhead cost driver for product cost allocation is machine hours, while the Assembly department uses direct labour hours to allocate overhead costs to products.
-What is the overhead allocated to a product if the company uses a plant wide rate based on direct labour hours and a product uses 4 direct labour hours?

• A) $600
• B) $300
• C) $360
• D) $960

Describe the principles of dominant and recessive genes and their manifestations in human traits.

Recognize the importance of studying developmental psychology for understanding age-related changes in cognitive and physical domains.

Understand the significance of individual differences in genetic predispositions and their interaction with environmental factors.

Understand the importance and functionalities of Customer Relationship Management (CRM) systems in sales.

---

Definitions:

Coefficient of Determination

A statistical measure that calculates the proportion of variance in the dependent variable predictable from the independent variable(s).

Regression Plane

A three-dimensional plane that best fits a set of points in a multiple regression model, used for prediction.

Independent Variables

Variables in an experiment or statistical model that are manipulated or changed to determine their effects on dependent variables.

Unadjusted Coefficient

A coefficient in a statistical model that has not been modified to account for potential confounding variables.