Smith Paints Allocates Overhead Based on Machine Hours The Estimates Were Made as of the Beginning of the the Most

question 224

Multiple Choice

Smith Paints allocates overhead based on machine hours.Selected data for the most recent year follow. $$\begin{array} { | l | r | } \hline \text { Estimated manufacturing overhead cost } & \$ 250,000 \\\hline \text { Actual manufacturing overhead cost } & \$ 230,000 \\\hline \text { Estimated machine hours } & 20,000 \\\hline \text { Actual machine hours } & 21,000 \\\hline\end{array}$$ The estimates were made as of the beginning of the year,while the actual results were for the entire year.
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The amount of manufacturing overhead allocated for the year based on machine hours would have been:

• A)$230,000.
• B)$240,000.
• C)$250,000.
• D)$262,500.

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Definitions:

Internal Urethral Sphincter

The internal urethral sphincter is a muscle that surrounds the neck of the bladder, controlling the flow of urine from the urinary bladder into the urethra.

Major Calyx

The major calyx is a component of the kidney that collects urine from the minor calyces before it moves into the renal pelvis and ureter.

Renal Pelvis

The central collecting region in the kidney where urine gathers before moving into the ureter.

Minor Calyx

A cup-shaped structure in the kidney that encloses the apex of a renal pyramid and collects urine before it passes into the major calyx.