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

question 152

Multiple Choice

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 amount of manufacturing overhead allocated for the year based on direct labour hours would have been

• A) $160,000.
• B) $167,500.
• C) $175,000.
• D) $200,000.

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Definitions:

Sale of Goods Act

Legislation that regulates the sale of goods, ensuring standards for transactions, rights, and obligations of buyers and sellers.

Title Transferred

The act of transferring ownership rights of property from one party to another, typically executed through a legal document.

On Approval

A conditional agreement term requiring that an action or decision must be sanctioned or approved by a specified party before it becomes effective.

Sale of Goods Act

Legislation governing the sale of goods, ensuring rights and obligations of buyers and sellers, including product quality and ownership transfer.