Gill Manufacturing Uses a Predetermined Overhead Allocation Rate Based on a Percentage

question 165

Multiple Choice

Gill Manufacturing uses a predetermined overhead allocation rate based on a percentage of direct labor cost.At the beginning of the year,Gill estimated total manufacturing overhead costs at $1,050,000 and total direct labor costs at $820,000.In June,Gill completed Job 511.The details of Job 511 are shown below.(Round to 2 decimal places.) $$\begin{array} { | l | r | } \hline \text { Direct materials cost } & \$ 26,500 \\\hline \text { Direct labor cost } & \$ 10,000 \\\hline \text { Direct labor hours } & 300 \text { hours } \\\hline \text { Units of product produced } & 200 \text { units } \\\hline\end{array}$$
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) $36,884
• B) $49,300
• C) $70,420
• D) $36,756

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Definitions:

Age Biases

Prejudices or discriminations against individuals based on their age, often affecting employment, healthcare, and social status.

Life Expectancy

The average number of years that a person is expected to live based on demographic factors, such as year of birth, current age, and sex.

Death Expectancy

A statistical measure often mistaken for life expectancy; technically NO direct term, but life expectancy correctly denotes the average number of years a person is expected to live.

Average Age

A statistic that represents the mean age of a population, reflecting the age distribution of that population.