Answer the Following Questions Using the Information Below

question 21

Multiple Choice

Answer the following questions using the information below:
Gus Corporation manufactured 10,000 golf bags during April. The fixed overhead cost-allocation rate is $40.00 per machine-hour. The following fixed overhead data pertain to March:

-What is the amount of fixed overhead allocated to production?

• A)$200,000
• B)$204,000
• C)$240,000
• D)$244,000

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Definitions:

Simple Interest

Interest that is calculated on the principal in an account, using the formula I = prt.

Checking Account

A checking account is a bank account that allows for easy access to funds through checks, debit cards, and electronic transfers, used primarily for daily transactions.

ATM Withdrawal

The act of taking out cash from one's bank account through an Automated Teller Machine.

Usage Fee

Charges incurred for using a particular service or facility, often assessed on a periodic basis.