Use the Information Below to Answer the Following Question(s)

question 156

Multiple Choice

Use the information below to answer the following question(s) :
Cooper's Bags Company manufactures cloth grocery bags to be sold to grocery stores and other retailers. Cooper's Bags Company sells the bags in cases of 1,000 bags. The bags come in three sizes: Large, Medium, and Small. Currently, Cooper's Bags Company uses a single plantwide overhead rate to allocate its $8,088,000 of annual manufacturing overhead. Of this amount, $2,210,000 is associated with the Large Bag line, $3,418,800 is associated with the Medium Bag line, and $2,459,200 is associated with the Small Bag line. Cooper's Bags Company is currently running a total of 40,000 machine hours; 13,000 in the Large Bag line, 15,400 in the Medium Bag line, and 11,600 in the Small Bag line. Cooper's Bags Company uses machine hours as the cost driver for manufacturing overhead costs.
-At Cooper's Bags the plantwide manufacturing overhead rate would be closest to

• A) $55.25 per machine hour.
• B) $170.00 per machine hour.
• C) $222.00 per machine hour.
• D) $202.20 per machine hour.

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Bill of Rights

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Federal Circuit Court of Appeals

A court within the U.S. federal judiciary system that has appellate jurisdiction over a wide range of cases, including patent law and international trade.

Mootness

A criterion used in legal contexts to dismiss cases that no longer require a resolution, often because the issue at hand has already been resolved or is no longer relevant.

Social Security Administration

A U.S. government agency that administers social programs covering disability, retirement, and survivors' benefits.