The Holland Company Uses a Predetermined Overhead Rate of $12

question 19

Multiple Choice

The Holland Company uses a predetermined overhead rate of $12 per direct labour hour to apply overhead.During the year,30,000 direct labour hours were worked.Actual overhead costs for the year were $320,000.What is the overhead variance?

• A)$36,000 underapplied
• B)$36,000 overapplied
• C)$40,000 underapplied
• D)$40,000 overapplied

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Definitions:

Medication Error

Any preventable event that may cause or lead to inappropriate medication use or patient harm.

Continuing Education

Continuing education refers to the process of engaging in further study after formal education, typically to learn new skills or maintain professional certification.

Safety Culture

The shared values, beliefs, and practices within an organization that influence its commitment to health and safety management.

Anticipated Census

An estimate of the number of individuals within a defined population at a future point in time, often used in planning and resource allocation.