Use the information below to answer the following question(s) .
Before the year began, Johnson Manufacturing estimated that manufacturing overhead for the year would be $160,000 and that 12,000 direct labour hours would be worked. Actual results for the year included the following:
-At Johnson Manufacturing the predetermined manufacturing overhead rate per direct labour hour is closest to
Definitions:
Organizational Structure
The way in which a company or organization is arranged, including the divisions, roles, and responsibilities to ensure its operations.
Marketing ROI
Return on Investment in marketing; a measure of the profitability and effectiveness of marketing efforts, comparing the gain from these activities to their cost.
Return on Investment
A financial metric used to evaluate the efficiency of an investment, calculated by dividing the profit from an investment by its cost.
Marginal Analysis
An assessment method used to examine the benefits and costs of an extra unit of consumption or production.
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