Answer the Following Questions Using the Information Below:
Melbourne Corporation

question 111

Multiple Choice

Answer the following questions using the information below:
Melbourne Corporation manufactured 57 000 door jambs during September.The fixed-overhead cost-allocation rate is $50.00 per machine-hour.The following fixed overhead data pertain to September:
$$\begin{array} { l r r } & \text { Actual } & \text { Static Budget } \\\text { Production } & 57000 \text { units } & 60000 \text { units } \\\text { Machine-hours } & 985 \text { hours } & 1200 \text { hours } \\\text { Fixed overhead costs for September } & \$ 54300 & \$ 60000\end{array}$$
-What is the amount of fixed overhead allocated to production?

• A)$57 000
• B)$54 300
• C)$60 000
• D)$100 000

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Definitions:

Sales Forecasts

Sales Forecasts predict the amount of product or service a company expects to sell over a specific period, aiding in planning and budgeting.

Financial Planning

The method of calculating the essential capital and identifying its competition involves forming financial strategies concerning the acquisition, investment, and management of an enterprise's capital.

Planning Horizon

is the time period a planner or decision maker looks into the future for when making strategic decisions.

Financial Plan

A comprehensive document detailing an individual's or organization's long-term financial goals and the strategies to achieve them.