Answer the Following Questions Using the Information Below:
Mt Panorama

question 225

Multiple Choice

Answer the following questions using the information below:
Mt Panorama Racing Corporation manufactures two models of motorised go-carts,a standard and a deluxe model.The following activity and cost information has been compiled:
$$\begin{array} { l r r r } \text { Product } & \begin{array} { r } \text { Number of } \\\text { Set-ups }\end{array} & \begin{array} { r } \text { Number of } \\\text { Components }\end{array} & \begin{array} { r } \text { Number of } \\\text { Direct Labour Hours }\end{array} \\\hline \text { Standard } & 15 & 10 & 750 \\\text { Deluxe } & 35 & 15 & 500 \\\text { Overhead costs } & \$ 30000 & \$ 50000 &\end{array}$$
-Number of set-ups and number of components are identified as activity-cost drivers for overheads.Assuming an activity-based costing system is used,what is the total amount of overhead cost assigned to the standard model?

• A)$48 000
• B)$30 000
• C)$29 000
• D)$51 000

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Definitions:

Pollen Grains

Microscopic particles produced by the male structures of seed plants, responsible for carrying the male gametes to the female structure for fertilization.

Ovary

(1) In animals, one of the paired female gonads responsible for producing eggs and sex hormones. (2) In flowering plants, the base of the carpel that contains ovules; ovaries develop into fruits after fertilization.

Pistil

The female reproductive part of a flower, consisting of the ovary, style, and stigma.

Ovules

Ovules are the structures in seed plants that develop into seeds after fertilization.