Answer the Following Questions Using the Information Below:
Sunny Company

question 46

True/False

Answer the following questions using the information below:
Sunny Company makes gas pipes and applies manufacturing overhead costs to production at a budgeted indirect-cost rate of $15 per direct labour-hour.The following data are obtained from the accounting records for June 2018:
$$\begin{array} { l r } \text { Direct materials } & \$ 280000 \\\text { Direct labour (7000 hours @ } \$ 11 / \text { hour) } & \$ 77000 \\\text { Ind irect labour } & \$ 20000 \\\text { Plant facility rent } & \$ 60000 \\\text { Deprecia tion on plant machinery and equipment } & \$ 30000 \\\text { Sales commissions } & \$ 40000 \\\text { Administrative expenses } & \$ 50000\end{array}$$
-One reason indirect costs may be underapplied is if actual indirect costs exceed budgeted indirect costs.

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Definitions:

Psychoanalytic

Pertaining to a psychological theory and therapeutic method developed by Sigmund Freud, focusing on unconscious motives and conflicts.

Humanistic

A psychological perspective focusing on individual potential and stress on the importance of growth and self-actualization.

Gestalt

A psychological theory that proposes that the human mind considers objects in their entirety before, or in parallel with, perception of their individual parts, suggesting the whole is greater than the sum of its parts.

Modeling Techniques

methods and strategies used in the process of modeling, which can include observational learning, imitation, and the use of symbolic models in various fields such as psychology, fashion, and sculpting.