Stan Wilson,a Newly Hired Worker at Superior Moulding,was Puzzled by the Job

question 93

Essay

Stan Wilson,a newly hired worker at Superior Moulding,was puzzled by the job cost sheets attached to the jobs he worked on.He understood the materials and labour cost entries; these entries represent the actual costs of materials he requisitioned for the job and the cost of the labour hours he recorded for the job.However,he did not understand the entry for Manufacturing Overhead.This entry was made at the end of the day by the accountants,and he had no idea where this number came from.He asked the company's controller,Mary Donner,but the only part of the explanation he understood was that the overhead entries do not represent actual overhead costs.
Required:
Explain to Stan what the Manufacturing Overhead entries on the job cost sheet mean.

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Definitions:

Unsafe Intersection

A road junction that presents a higher risk of accidents due to poor design, insufficient visibility, inadequate signage, or other factors.

Traffic Light

A signaling device positioned at road intersections, pedestrian crossings, and other locations to control flows of traffic.

Stop Signs

Signposts that instruct drivers to come to a complete halt, observe the right-of-way, and proceed with caution at intersections.

Risk of Fatality

The probability or likelihood of death resulting from exposure to a hazard or undertaking a certain activity.