Clinton Manufacturing Uses a Predetermined Overhead Allocation Rate Based on Direct

question 2

Multiple Choice

Clinton Manufacturing uses a predetermined overhead allocation rate based on direct labor costs.The following are the details of production during the year: $$\begin{array} { | l | l | } \hline \begin{array} { l } \text { Total manufacturing overhead costs estimated at the beginning } \\\text { of the year }\end{array} & \$ 150,000 \\\hline \text { Total direct labor costs estimated at the beginning of the year } & \$ 350,000 \\\hline \text { Total direct labor hours estimated at the beginning of the year } & 11,000 \text { direct labor hours } \\\hline \text { Actual manufacturing overhead costs for the year } & \$ 160,000 \\\hline \text { Actual direct labor costs for the year } & \$ 360,000 \\\hline \text { Actual direct labor hours for the year } & 12,400 \text { direct labor hours } \\\hline\end{array}$$ Calculate the amount of manufacturing overhead costs allocated to production.(Round any percentages to two decimal places and your final answer to the nearest dollar.)

• A) $150,000
• B) $164,571
• C) $154,296
• D) $160,000

Understand the process and importance of customer relationship management (CRM) in marketing.

Differentiate between B2B, B2C, and C2C transactions.

Identify the core purpose of marketing and its strategic application through social media and advertising.

Understand the various financial rewards and incentives used in sales.

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Definitions:

Sales Quota

A specific sales performance target set for a salesperson or team to achieve within a given timeframe.

Geographical Area

A specific physical region or territory within which activities associated with sales or marketing are conducted.

80/20 Principle

A rule of thumb that states that 80% of outcomes result from 20% of all causes for any given event.

Time Management

The process of organizing and planning how to divide one's time between specific activities efficiently.