Minimus Cleaning Allocates Costs to Client Catering Assignments Based on Cleaning

question 43

Essay

Minimus Cleaning allocates costs to client catering assignments based on cleaning machine hours.Estimated overhead costs were $900 000 and estimated direct labour hours were 50 000 for the upcoming year.At year's end,it was noted that actual overhead costs were $800 000 and actual direct labour hours were 40 000.
Required:
A. Calculate the predetermined wverhead rate.
B. How much dverhead wauld be applied to a catering as5igmnent that req?uired 23 direct labour hours?
C. How much total cverhead was applied during the year?
D. By how much was averhead aver- or underagplied for the year? Be sure to indicate whether it was over- or underagplied.

Comprehend the concept of homeostasis and its importance in drive reduction.

Describe how needs lead to drives and how they relate to human motivation.

Understand the application of drive-reduction theory in explaining human behavior.

Explain how physiological needs lead to motivated states.

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Definitions:

Demand for Product X

The total quantity of Product X that consumers are willing and able to purchase at various price levels, within a given time frame.

Indifference Map

A graphical representation showing different bundles of goods between which a consumer is indifferent, illustrating preferences and trade-offs.

Utility Level

A measure of the satisfaction or happiness that goods and services provide to a consumer.

Cash

Money in the form of coins and banknotes, as opposed to checks, credit, or other forms of digital or electronic payment.