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:

Chest Pain

A discomfort or pain that occurs anywhere along the front of the body between the neck and upper abdomen.

Patient Data

Information related to a patient's health history, treatments, allergies, and other medical details essential for delivering healthcare.

Nonverbal Communication

The exchange of information without the use of spoken or written words, involving gestures, facial expressions, body language, and other visual cues.

Facial Expressions

The movements or positions of the muscles beneath the skin of the face, utilized as non-verbal communication to convey emotions and intentions.