Answer the Following Questions Using the Information Below:
Hobart Corporation

question 45

Multiple Choice

Answer the following questions using the information below:
Hobart Corporation manufactured 20 000 heaters during November.The overhead cost-allocation base is $15.75 per machine-hour.The following variable overhead data pertain to November:
$$\begin{array} { l r r } & \text { Actual } & \text { Budgeted } \\\text { Production } & 20000 \text { units } & 22000 \text { units } \\\text { Machine-hours } & 7875 \text { hours } & 9000 \text { hours } \\\text { Variable overhead cost per machine-hour: } & \$ 15.50 & \$ 15.75\end{array}$$
-What is the actual variable overhead cost?

• A)$122 063
• B)$124 031
• C)$125 000
• D)$139 500

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Definitions:

Global Marketing

The process of conceiving and executing marketing strategies that target international markets and audiences.

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A type of continuous probability distribution for a real-valued random variable that is symmetric and describes data that cluster around a mean.

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A method to estimate the variance of two or more populations that assumes the populations have the same variance but different means.