Examlex

Solved

Answer the Following Questions Using the Information Below

question 62

Multiple Choice

Answer the following questions using the information below:
The Quickjet Aircraft Corporation has a central materials laboratory. The laboratory has only two users, the Large Plane Department and the Small Plane Department. The following data apply to the coming budget year:
Budgeted costs of operating the materials laboratory
for 100,000 to 200,000 technician hours per year:
Answer the following questions using the information below: The Quickjet Aircraft Corporation has a central materials laboratory. The laboratory has only two users, the Large Plane Department and the Small Plane Department. The following data apply to the coming budget year: Budgeted costs of operating the materials laboratory for 100,000 to 200,000 technician hours per year:    Budgeted long-run usage in hours per year:    Budgeted amounts are used to calculate the allocation rates. Actual usage for the year by the Large Plane Department was 60,000 technician hours and by the Small Plane Department was 65,000 technician hours. -If a single-rate cost-allocation method is used, what is the allocation rate per hour used? A) $80.00 B) $117.50 C) $146.67 D) $100.00 Budgeted long-run usage in hours per year:
Answer the following questions using the information below: The Quickjet Aircraft Corporation has a central materials laboratory. The laboratory has only two users, the Large Plane Department and the Small Plane Department. The following data apply to the coming budget year: Budgeted costs of operating the materials laboratory for 100,000 to 200,000 technician hours per year:    Budgeted long-run usage in hours per year:    Budgeted amounts are used to calculate the allocation rates. Actual usage for the year by the Large Plane Department was 60,000 technician hours and by the Small Plane Department was 65,000 technician hours. -If a single-rate cost-allocation method is used, what is the allocation rate per hour used? A) $80.00 B) $117.50 C) $146.67 D) $100.00 Budgeted amounts are used to calculate the allocation rates.
Actual usage for the year by the Large Plane Department was 60,000 technician hours and by the Small Plane Department was 65,000 technician hours.
-If a single-rate cost-allocation method is used, what is the allocation rate per hour used?


Definitions:

Behavioral Models

Theoretical frameworks that explain and predict behaviors by analyzing the interaction between individuals and their environment.

Benefits

The advantages or positive outcomes gained from a particular situation, action, or policy.

Kitty Genovese

A case that became a symbol of urban apathy, surrounding the murder of a woman in New York in 1964, famously cited in discussions of the bystander effect.

Diffusion of Responsibility

The process wherein a bystander does not take action (e.g., in an emergency situation) because there are other bystanders who share the responsibility for intervening.

Related Questions