Maple Company Uses a Job Costing System

question 313

Multiple Choice

Maple Company uses a job costing system.Maple Company's schedule of cost of goods manufactured showed the following amounts for the month ended August 31.

Manufacturing overhead cost is allocated at the rate of $13 per direct labor hour.
What is the amount of allocated manufacturing overhead costs for August?

• A)$42,000
• B)$75,000
• C)$124,000
• D)$39,000

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Definitions:

Advantages

Competitive benefits or strengths that a business has over its competitors, which can be leveraged for success.

Impatience

A lack of patience or an eagerness to act or get results quickly, often without waiting for the natural course of events.

Attractive Harvest

A term in venture capital and entrepreneurship referring to a situation where the returns from an investment are significantly high and appealing.

Greed

An excessive desire for wealth or possessions, often disregarding ethical standards.