Answer the Following Questions Using the Information Below

question 109

Multiple Choice

Answer the following questions using the information below:
For 2010, Jake's Dog Supply Manufacturing uses machine-hours as the only overhead cost-allocation base. The accounting records contain the following information:

-Using job costing, the 2010 actual indirect-cost rate is:

• A)$4.00 per machine-hour
• B)$4.80 per machine-hour
• C)$5.00 per machine-hour
• D)$6.00 per machine-hour

---

Definitions:

Final Trial Balances

Final trial balances are the summary listings of all the ledger accounts right after the closing entries are made at the end of an accounting period, essentially reflecting the balance of every account before the start of a new accounting period.

Adjustments

Modifications made in accounting records to reflect more accurate values or to record transactions not yet entered.

End-of-period Spreadsheet

A document used in accounting that summarizes all accounts and their balances at the end of an accounting period, helping in the preparation of financial statements.

Journal

A formal accounting record in which transactions are logged before they are posted to ledger accounts, detailing the date, accounts impacted, and amounts involved in each transaction.