Clinton Manufacturing Uses a Predetermined Overhead Allocation Rate Based on a Percentage

question 104

Multiple Choice

Clinton Manufacturing uses a predetermined overhead allocation rate based on a percentage of direct labor costs.The following are the details of production during the year: $$\begin{array} { | l | r | } \hline \begin{array} { l } \text { Total manufacturing overhead costs estimated at the beginning } \\\text { of the year }\end{array} & \$ 150,000 \\\hline \text { Total direct labor costs estimated at the beginning of the year } & \$ 350,000 \\\hline \text { Total direct labor hours estimated at the beginning of the year } & 11,000 \text { direct labor hours } \\\hline \text { Actual manufacturing overhead costs for the year } & \$ 160,000 \\\hline \text { Actual direct labor costs for the year } & \$ 360,000 \\\hline \text { Actual direct labor hours for the year } & 12,400 \text { direct labor hours } \\\hline\end{array}$$ Calculate the amount of manufacturing overhead costs allocated to production.(Round any percentages to two decimal places and your final answer to the nearest dollar. )

• A)$150,000
• B)$164,571
• C)$154,296
• D)$160,000

Understand the 5 Cs of credit and their importance in credit decisions.

Identify different types of credit and distinguish between open-end and closed-end credit.

Understand the principles and calculations involved in determining credit limits and debt-to-income ratios.

Recognize federal laws and consumer rights related to credit reporting and fair credit practices.

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Definitions:

Environmentally Sustainable

Practices or methods that do not harm the environment and can be maintained over time without depleting natural resources or causing ecological damage.

Toxic Emissions

Harmful pollutants released into the environment, often from industrial processes, vehicles, or hazardous waste.

Toxic Ash

The residue left after the combustion of materials containing toxic substances, often hazardous to human and environmental health.

Expensive

Referring to something that has a high cost or price associated with its acquisition, upkeep, or use.