Austin Company Uses a Job Order Cost Accounting System

question 7

Multiple Choice

Austin Company uses a job order cost accounting system. The company's executives estimated that direct labor would be $2,000,000 (200,000 hours at $10/hour) and that factory overhead would be $1,500,000 for the current period. At the end of the period, the records show that there had been 180,000 hours of direct labor and $1,200,000 of actual overhead costs. Using direct labor hours as a base, what was the predetermined overhead allocation rate?

• A) $6.00 per direct labor hour.
• B) $7.50 per direct labor hour.
• C) $6.67 per direct labor hour.
• D) $8.33 per direct labor hour.
• E) $7.08 per direct labor hour.

Identify the conditions that increase susceptibility to exaggerated fear reactions towards health risks.

Understand the historical development and scope of health psychology.

Recognize the influence of misinformation on public health perceptions and actions.

Understand the importance of self-efficacy in promoting healthy lifestyle changes.

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Definitions:

Strategic Investments

Investments made with long-term goals in mind, often intended to yield sustainable competitive advantages.

Equity Method

An accounting technique used by a company to record the profits earned through its investment in another company.

Cash Dividends

Payments made by a corporation to its shareholders, usually as a distribution of profits.

Associate

A term that may refer to a business partner, an employee position within a company, or a relationship between entities where one has significant influence over the other.