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:

Skill-based Pay

A compensation system where employees are paid based on the skills, expertise, and abilities they bring to their job, rather than their job title or position alone.

Extrinsic Rewards

Extrinsic rewards are external incentives given to an individual or employees, such as money, gifts, or recognition, to motivate performance or specific behaviors.

Maslow's Hierarchy

Maslow's hierarchy of needs theory in psychology posits that human motivation is driven by a sequence of five fundamental needs: physiological, safety, love and belonging, esteem, and self-actualization.

Esteem Needs

Psychological needs in Maslow's hierarchy that include self-esteem, respect from others, and status, contributing to feelings of self-worth and accomplishment.