Figure 3 Ray Manufacturing Has Four Categories of Overhead. the Four Categories

question 66

Multiple Choice

Figure 3
Ray Manufacturing has four categories of overhead. The four categories and the expected overhead costs for each category for next year are as follows:
Currently, overhead is applied using a predetermined overhead rate based upon budgeted direct labour hours. For next year, 100,000 direct labour hours are budgeted.
The company has been asked to submit a bid for a proposed job. The plant manager feels that obtaining this job would result in new business in future years. Usually bids are based upon full manufacturing cost plus 10 percent.
Estimates for the proposed job are as follows:
The plant manager has heard of a new way of applying overhead that uses cost pools and cost drivers. Expected activity for the four activity-based cost drivers that would be used are as follows:

-Refer to Figure 3 above. If Ray Manufacturing used direct labour hours as the cost driver and the company's bid is full cost plus 10 percent, the company's bid would be

• A) £158,400
• B) £123,640
• C) £117,040
• D) £150,040

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Definitions:

Self-Kindness

Being kind to yourself.

Self-Efficacy

An individual's belief in their capacity to execute behaviors necessary to produce specific performance attainments.

Self-Concept

An individual's comprehensive understanding of themselves, encompassing beliefs, attitudes, and perceptions about one’s abilities, appearance, and personality.

Self-Enhancement

The psychological process of improving one's image by gaining positive feedback from the external environment and adopting a favorable interpretation of oneself.