Oscar Inc,a Manufacturer of Gift Articles,uses a Single Plantwide Rate to to Allocate

question 63

Multiple Choice

Oscar Inc.,a manufacturer of gift articles,uses a single plantwide rate to allocate indirect costs.The company allocates manufacturing overhead using a single plantwide rate with machine hours as the allocation base.Estimated overhead cost for the year is $5,000,000.And estimated machine hours are 25,000.During the year,the actual machine hours used was 30,000.Calculate the predetermined overhead allocation rate.

• A)$166
• B)$250
• C)$200
• D)$150

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Definitions:

Voluntary Response Bias

Bias in survey results caused by individuals choosing to respond on their own initiative, which may not be representative of the whole population.

Response Bias

A type of bias that occurs in survey research when respondents answer questions inaccurately or misleadingly.

Undercoverage

A bias in statistical sampling where certain members of the population are inadequately represented in the sample.

Response Bias

A systematic error in survey responses, often due to the wording of questions or the respondent's desire to present themselves in a favorable light.