Answer the Following Questions Using the Information Below

question 87

Multiple Choice

Answer the following questions using the information below:
Gregory Enterprises has identified three cost pools to allocate overhead costs. The following estimates are provided for the coming year:
The accounting records show the Mossman Job consumed the following resources:

-Using direct labor-hours as the only overhead cost driver, what is the amount of overhead costs allocated to the Mossman Job?

• A)$160
• B)$120
• C)$240
• D)$125

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Definitions:

Opaqueness

The characteristic of not allowing light to pass through; lacking transparency or translucency.

Decant

The process of gently pouring a liquid from one container to another, usually to separate it from precipitated solids or sediments.

Clarity

The quality of being easily understood, specifically in speech or writing, or the clearness in thought and expression.

CLIA-waived

Refers to tests that are simple laboratory examinations and procedures that have an insignificant risk of an erroneous result under the Clinical Laboratory Improvement Amendments.