Forsyth, Inc The Number of Direct Labor Hours Worked During the Period

question 88

Multiple Choice

Forsyth, Inc. uses estimated direct labor hours of 240,000 and estimated manufacturing overhead costs of $1,150,000 in establishing its predetermined overhead allocation rate for the year. Actual results showed the following: $$\begin{array} { | l | l | } \hline \text { Actual manufacturing overhead } & \$ 800,000 \\\hline \text { Allocated manufacturing overhead } & \$ 825,000 \\\hline\end{array}$$ The number of direct labor hours worked during the period was ________. (Round any intermediate calculations to two decimal places, and your final answer to the nearest whole number.)

• A) 240,000 hours
• B) 172,234 hours
• C) 167,015 hours
• D) 232,727 hours

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Definitions:

Nash Equilibrium

A concept in game theory where no participant can gain by unilaterally changing their strategy if the strategies of others remain unchanged.

Advertising Strategy

The plan and tactics a business uses to communicate with its market, promote its products or services, and attract customers.

Prisoners Dilemma

A situation modeled in game theory in which two individuals acting in their own self-interest do not produce the optimal outcome for either party.

Non-Cooperation

A strategy of refusing to work with or assist others as a form of protest or to achieve certain demands.