The Following Information Is Provided -Refer to the Figure

question 109

Multiple Choice

The following information is provided:
$\begin{array}{lr}\text { Estimated manufacturing overhead } & \$ 690,000 \\\text { Estimated machine hours } & 46,000 \\\text { Actual machine hours worked } & 50,000\\\\\text { Actual costs incurred: }\\\text { Indirect materials } & \$ 170,000 \\\text { Indirect labour } & 230,000 \\\text { Utilities } & 120,000 \\\text { Insurance } & 100,000 \\\text { Rent } & 80,000\end{array}$
-Refer to the figure.The company uses a predetermined overhead rate to apply overhead.What is the manufacturing overhead applied?

• A)$648,000
• B)$690,000
• C)$700,000
• D)$750,000

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Definitions:

Price Discrimination

The practice of selling the same goods to different buyers at different prices.

Competing Buyers

Buyers who are interested in purchasing the same product or property, often leading to a competitive situation such as a bidding war.

Different Prices

The variation in cost for goods or services, often resulting from location, demand, quality, or negotiation.

Antitrust Laws

Regulations established to prevent unfair competition, monopolies, and practices that harm consumers or restrict trade.