Answer the Following Question(s)using the Information Below

question 37

Multiple Choice

Answer the following question(s) using the information below.Jenny's Corporation manufactured 25,000 grooming kits for horses during March.The fixed-overhead cost allocation rate is $20.00 per machine-hour.The following fixed overhead data pertain to March:

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

• A)$120,000
• B)$122,000
• C)$123,000
• D)$125,000
• E)$130,000

---

Definitions:

Intellectual Property Law

The area of law that deals with protecting the rights of those who create original works including inventions, designs, original works of authorship, and trade secrets.

Copyrightable

Capable of being protected by copyright law, which typically covers original works of authorship like books, music, and art.

Licensee

An individual or entity that has been granted the legal permission by a licensor to engage in certain activities or use certain property under agreed terms.

Patent

An exclusive right granted for an invention, which allows the patent holder to exclude others from making, using, selling, or distributing the patented invention for a certain period of time.