Use the Information Below to Answer the Following Question(s)

question 131

Multiple Choice

Use the information below to answer the following question(s) .The owner of Hi-Tech Fiberglass Fabricators Inc.is interested in using the reciprocal allocation method.The following data from operations were collected for analysis.Budgeted manufacturing overhead costs:
Service furnished:
By Plant Maintenance (budgeted labour hours)
By Data Processing (budgeted computer time)

-What is the complete reciprocated cost of the Data Processing and the Plant Maintenance, respectively?

• A)$90,000 and $393,750
• B)$118,750 and $365,000
• C)$122,971 and $375,773
• D)$152,432 and $375,773
• E)$152,432 and $369,459

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Definitions:

Minimum Wage

The lowest legal wage that can be paid to workers, determined by government regulation.

Market Equilibrium Wage

The wage rate at which the quantity of labor supplied equals the quantity of labor demanded in a given labor market.

Widget Industry

A fictional or generic term often used to represent any sector of manufacturing, without specifying a particular type of product.

Nonunionized Labor Market

A labor market that is composed of workers and employers where no labor unions are present to represent the workers' interests.