Olympia Manufacturing Uses a Predetermined Overhead Allocation Rate Based on a Percentage

question 89

Multiple Choice

Olympia Manufacturing uses a predetermined overhead allocation rate based on a percentage of direct labor cost. At the beginning of 2014, Olympia estimated total manufacturing overhead costs at $1,050,000 and total direct labor costs at $840,000. In June, 2014, Job 511 was completed. Job stats are as follows: What is the amount of manufacturing overhead costs allocated to Job 511?

• A)$16,250
• B)$10,400
• C)$5,000
• D)$34,375

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Definitions:

Behavioral Theory

A theory suggesting that behavior is learned from the environment through conditioning.

Psychodynamic Theory

A theory in psychology that emphasizes the role of unconscious processes and childhood experiences in shaping personality and behavior.

Antisocial Personality Disorder

A psychological condition marked by a persistent tendency to ignore or infringe upon the rights of other individuals.

Incessant Lying

The compulsive act of telling falsehoods continuously, often without clear motive or benefit.