Given the Following Information What Is the Amount That Needs to Be Reimbursed?
A)

question 84

Multiple Choice

Given the following information:
$\begin{array}{llll}\text { Petty cash balance } & \$ 450.00 & \text { Courier receipt } & \$ 82.50 \\\text { Postage receipt } & \$ 48.00 & \text { Office Supplies receipt } & \$ 56.22\\\text { Business meal receipt }& \$ 102.34&\text { Cash on hand at the end of the month}& \$ 76.21 \end{array}$

What is the amount that needs to be reimbursed?

• A) $365.27
• B) $289.06
• C) $373.79
• D) $289.00
• E) $450.00

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Definitions:

Manufacturing Overhead

All manufacturing costs other than direct materials and direct labor incurred to produce goods, including utilities, depreciation, and maintenance of equipment.

Underapplied

A situation in cost accounting where the allocated manufacturing overhead costs are less than the actual overhead expenses incurred.

Overapplied

A condition in costing where the allocated or applied costs exceed the actual costs incurred.

Adjusted Cost

The revised basis of an asset for tax purposes after adjusting for factors such as depreciation or improvements.