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

question 179

Multiple Choice

Use the information below to answer the following question(s) .
Intak Company uses a job costing system. The company's schedule of cost of goods manufactured showed the following amounts for November.

Manufacturing overhead cost is allocated at the rate of $6 per direct labour hour. Actual manufacturing overhead costs for September amount to $12,000.
-What is the amount of allocated manufacturing overhead costs for the month at Intak Company?

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Definitions:

Judicial Lien

A lien obtained by a creditor upon a debtor's property, granted by a court judgment, to secure payment of a debt.

Super-Priority Lien

A lien that takes precedence over all other liens or claims against a property, typically due to statutory provisions.

Equitable Liens

A legal right or interest in a debtor's property, granted by a court to a creditor as a form of security for a debt or obligation.

Sales Contract

A legally binding agreement between a seller and a buyer detailing the sale of goods or services.