Fulton Corporation Uses Estimated Direct Labor Hours of 210,000 and Estimated

question 222

Multiple Choice

Fulton Corporation uses estimated direct labor hours of 210,000 and estimated manufacturing overhead costs of $840,000 in establishing manufacturing overhead rates.Actual manufacturing overhead was $960,000,and allocated manufacturing overhead was $980,000.What were the number of actual direct hours worked?

• A)214,375
• B)245,000
• C)183,750
• D)210,000

Recognize how workplace ethics and social responsibility initiatives can improve factory practices and working conditions.

Identify common perceptual errors in the workplace and their consequences.

Comprehend the relationship between person perception and general perception processes.

Analyze how perceptual selection influences personal and professional judgments.

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Definitions:

Straight-Line Method

A depreciation technique where an equal amount of depreciation is charged for each year of the asset's useful life.

Semiannual Interest

Interest that is calculated and paid twice a year, often used in the context of bonds and loans.

Effective Interest Method

An accounting practice used for calculating the amortized cost of a bond and the interest expense over the bond's life based on the effective interest rate.

Interest Expense

The expenditure related to borrowing funds that an entity faces over a specific duration.