Modiste Inc

question 83

Multiple Choice

Modiste Inc.manufactures two kinds of bags-totes and satchels.The company allocates manufacturing overhead using a single plantwide rate with direct labor cost as the allocation base.Estimated overhead costs for the year are $24,250.Additional information is given below.
-Calculate the amount of overhead to be allocated to Satchels.

• A)$36,000
• B)$12,740
• C)$10,500
• D)$11,750

Understand the role of intuition and analysis in cognitive processes.

Describe the implications of dual-process theory for understanding human judgment and decision-making.

Understand how statistical training can influence cognitive processing.

Identify strategies to improve judgment and decision-making through cognitive training.

---

Definitions:

Controllable Fixed Costs

Fixed costs that management has the ability to influence or change in the short term, such as advertising expenses.

Controllable Margin

The portion of profit or contribution margin that a manager has direct control over, before fixed costs and overhead are deducted.

Responsibility Report

A management tool that collects and reports planned and actual financial information by responsibility centers.

Direct Labor

Workers or employees who are directly involved in the manufacturing of products or delivery of services.