For the Current Year,Paxman Company Incurred $150,000 in Actual Manufacturing

question 8

Multiple Choice

For the current year,Paxman Company incurred $150,000 in actual manufacturing overhead cost.The Manufacturing Overhead account showed that overhead was overapplied in the amount of $6,000 for the year.If the predetermined overhead rate was $8.00 per direct labour hour,how many hours were worked during the year?

• A) 17,750 hours.
• B) 18,000 hours.
• C) 18,750 hours.
• D) 19,500 hours.

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Definitions:

Attitude

A psychological tendency that is expressed by evaluating a particular entity with some degree of favor or disfavor.

False Consensus Effect

The tendency to overestimate how much other people share our beliefs, attitudes, and behaviors.

Opinions

Personal beliefs or judgments that are not necessarily based on fact or knowledge, reflecting individual perspectives.

Self-Serving Bias

A common human tendency to attribute positive events to one's own character but attribute negative events to external factors.