Kingsway Company Had the Following Information Available for the Past

question 98

Multiple Choice

Kingsway Company had the following information available for the past quarter:
$\begin{array}{ll}\text { Budgeted factory overhead costs }&\$75,000\\\text { Actual factory overhead costs }&\$80,000\\\text { Budgeted direct labor hours } & 20,000 \\\text { Actural direct labor hours } &21,000\end{array}$
Assume the cost driver for factory overhead costs is direct labor hours and a job uses 2,000 direct labor hours.The job was budgeted to use 2,100 direct labor hours.What amount of factory overhead is applied to the job?

• A) $7,140
• B) $7,500
• C) $7,875
• D) $8,000

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Definitions:

Thalamus

A crucial part of the brain that acts as the main relay station for sensory and motor signals to the cerebral cortex.

Subcortical Structures

The parts of the brain located below the cerebral cortex, involved in various functions including memory and emotion.

Cortex

The outer layer of the cerebrum in the brain, involved in various high-level functions such as thought, perception, and memory.

Limbic System

A complex system of nerves and networks in the brain, involved in instinct and mood control. It regulates fundamental emotions and drives, such as pleasure, fear, and anger.