Answer the Following Questions Using the Information Below

question 47

Multiple Choice

Answer the following questions using the information below:
For 2014, Thomas Manufacturing uses machine-hours as the only overhead cost-allocation base. The estimated manufacturing overhead costs are $300,000 and estimated machine hours are 50,000. The actual manufacturing overhead costs are $420,000 and actual machine hours are 70,000.
-Using job costing,the 2014 budgeted manufacturing overhead rate is ________.

• A) $6.50 per machine-hour
• B) $4.80 per machine-hour
• C) $5.50 per machine-hour
• D) $6.00 per machine-hour

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Definitions:

Social Change

The transformation of culture, behavior, social institutions, and social structure over time.

Life Cycle

The series of stages through which an entity (organization, product, etc.) goes, from its inception to its termination or dissolution.

Reinforcement Value

The potential effectiveness of a stimulus to encourage or strengthen a particular behavior in the context of behavioral psychology.

Subjective Estimates

Personal evaluations or assessments based on individual experience, perception, or opinion, rather than objective data.