Kayak Company Uses a Job Order Costing System and Allocates

question 191

Multiple Choice

Kayak Company uses a job order costing system and allocates its overhead on the basis of direct labor costs. Kayak Company's production costs for the year were: direct labor, $30,000; direct materials, $50,000; and factory overhead applied $6,000. The overhead application rate was:

• A) 16.7%.
• B) 500.0%.
• C) 5.0%.
• D) 12.0%.
• E) 20.0%.

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Justification

The alignment of text within a document or presentation, which can be aligned to the left, right, center, or justified, which evenly distributes space between words.

Incident

An event or occurrence, often unexpected, that can have significant consequences or require action.

Closure

The act of concluding or closing something, bringing it to an end or resolution.

Proposals

Documents or presentations that offer a set of ideas, plans, or recommendations for consideration.