Use the Information Below to Answer the Following Question(s)

question 3

Multiple Choice

Use the information below to answer the following question(s) .
Crabtree Ornaments Company uses job costing. Crabtree Ornaments Company has two departments, Trimming and Finishing. Manufacturing overhead is allocated based on direct labour cost in the Trimming Department and direct labour hours in the Finishing Department. The following additional information is available:

Actual data for completed Job No. 650 is as follows:

-What is the predetermined manufacturing overhead rate for the Finishing Department at Crabtree Ornaments Company?

• A) $10.63 per direct labour hour
• B) $11.20 per direct labour hour
• C) $70.00 per direct labour hour
• D) $7.00 per direct labour hour

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Definitions:

Imports

Goods and services purchased from other countries, bringing them into a country's domestic market.

Clothes Dryers

Household appliances designed for removing moisture from clothing and textiles after they have been washed.

Net Exports

The value calculated by subtracting a country's total value of imports from its total value of exports; positive net exports indicate a trade surplus, while negative net exports indicate a trade deficit.

Import Quota

This is a restriction by a country on the quantity of a good that can be imported, aimed at protecting domestic industries from foreign competition.