Gill Manufacturing Uses a Predetermined Overhead Allocation Rate Based on Direct

question 57

Multiple Choice

Gill Manufacturing uses a predetermined overhead allocation rate based on direct labor cost.At the beginning of the year,Gill estimated total manufacturing overhead costs at $1,030,000 and total direct labor costs at $830,000.In June,Gill completed Job 511.The details of Job 511 are shown below.

How much was the total job cost of Job 511? (Round any percentages to two decimal places and your final answer to the nearest dollar. )

• A)$36,872
• B)$52,633
• C)$65,664
• D)$36,996

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Definitions:

Goal Setting

The process of identifying specific, measurable, attainable, relevant, and time-bound objectives to achieve desired results.

Profit-Sharing Plan

A company program that distributes a portion of its profits to its employees, typically in the form of bonuses or as part of retirement benefits.

Failure Reduction

The process of identifying, analyzing, and mitigating errors, flaws, or failures in a system or process to improve overall performance and reliability.

Metrics

Quantitative measures used to track and assess the status of specific processes, activities, or outcomes within an organization.