Forsyth Company Uses Estimated Direct Labor Hours of 150,000 and Estimated

question 108

Multiple Choice

Forsyth Company uses estimated direct labor hours of 150,000 and estimated manufacturing overhead costs of $337,500 in establishing its 2012 predetermined manufacturing overhead rate. Actual results showed: The number of direct labor hours worked during the period was:

• A)154,000.
• B)152,800.
• C)150,000.
• D)146,000.

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Definitions:

Sherman Antitrust Act

A landmark federal statute in the United States passed in 1890 aimed at promoting economic competition by prohibiting monopolies, cartels, and other forms of anticompetitive practices.

Price Discrimination

A pricing strategy where a firm charges different prices for the same product or service to different customers, based on their willingness to pay.

Disneyland

A globally recognized theme park brand, known for its entertainment complexes that blend imaginative attractions with characters from Disney movies.

Southern California

A geographical and cultural region in the southwestern part of the U.S. state of California.