Smith Has Applied Overhead of $73,000 and Actual Overhead of $87,600

question 117

Multiple Choice

Smith has applied overhead of $73,000 and actual overhead of $87,600 for the month of November. It applies overhead based on direct labor hours and those equaled 14,600 in November. Overhead for the year was estimated to be $900,000. How many direct labor hours were estimated for the year?

• A) 175,200
• B) 180,000
• C) $5
• D) 150,000
• E) $6

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Definitions:

Demographic Segmentation

This refers to the process of dividing a market into segments based on variables such as age, gender, income, occupation, education, or ethnicity to tailor marketing strategies.

Geographic Segmentation

The division of a target market into distinct geographic units, such as countries, cities, or neighborhoods, to tailor marketing strategies.

International Segmentation Base

Criteria used to divide a global market into distinct subsets of consumers with common needs or characteristics.

Global

Pertaining to the entire world; involving or affecting all parts of the world.