Answer the Following Question(s) Using the Information Below

question 97

Multiple Choice

Answer the following question(s) using the information below.
Sunny Company manufactures pipes and applies manufacturing overhead costs to production at a budgeted indirect cost allocation rate of $15 per direct labour hour. The following data are obtained from the accounting records for June 2012:

-For June 2012, manufacturing overhead was

• A) overallocated by $90,000.
• B) underallocated by $5,000.
• C) neither underallocated or overallocated.
• D) underallocated by $33,000.
• E) overallocated by $5,000.

Recognize the influence of cultural, socioeconomic, and educational factors on parenting practices and child outcomes.

Identify the role and impact of extended family and community in child-rearing practices.

Understand the goals parents have for their children across different cultures.

Identify factors that influence sibling relationships and their impact on child development.

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Definitions:

Communist Central Planning

An economic system where all major production decisions are made by the government, with an aim of allocating resources according to a comprehensive plan.

Entrepreneurs

Individuals who start and run businesses, taking on financial risks in the hope of profit.

Circular Flow Model

An economic model that depicts how money and goods move through different sectors in an economy, including households, businesses, and governments.