Figure 14_03
Use the Following Information for Acme, Inc -What Is the Correct Amount of Overhead?
A) $192,000

question 177

Multiple Choice

Figure 14_03
Use the following information for Acme, Inc., as of December 31
$$\begin{array} { l r } \text { Administrative salaries } & \$ 32,000 \\\text { Depreciation of factory equipment } & 25,000 \\\text { Depreciation of delivery vehicles } & 9,000 \\\text { Direct labor } & 68,000 \\\text { Factory supplies used } & 12,000 \\\text { Finished goods inventory, January 1 } & 57,000 \\\text { Finished goods inventory, December } 31 & 68,000 \\\text { Factory insurance } & 15,500 \\\text { Interest expense } & 12,000 \\\text { Factory utilities } & 14,000 \\\text { Factory maintenance } & 7,500 \\\text { Raw materials inventory, January 1 } & 8,000 \\\text { Raw materials inventory, December 31 } & 4,000 \\\text { Raw material purchases } & 125,000 \\\text { Rent on factory building } & 25,000 \\\text { Repairs of factory equipment } & 11,500 \\\text { Sales commissions } & 37,500 \\\text { Goods in process inventory, January } 1 & 3,500 \\\text { Goods in process inventory, December } 31 & 2,000\end{array}$$

-What is the correct amount of overhead?

• A) $192,000.
• B) $110,500.
• C) $200,000.
• D) $150,000.
• E) $ 77,500.

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Definitions:

Acculturation

The process by which individuals adopt the cultural traits or social patterns of another group.

Enculturation

The process by which individuals learn the dynamics of their surrounding culture and acquire values and norms appropriate or necessary in that culture.

Socialization Process

The method through which individuals learn the values, norms, and required behaviors which permit them to participate as members of an organization.

U.S. Naval Academy

A federal service academy in Annapolis, Maryland, that educates and trains officers for commissioning primarily into the United States Navy and Marine Corps.