Senator Technology's Work in Process Inventory on July 1 Has

question 230

Essay

Senator Technology's work in process inventory on July 1 has a balance of $49,000 representing Job No. 96. During July, $135,000 of direct materials were requisitioned for Job No. 96 and $8,600 of direct labour cost was incurred on Job No. 96. Manufacturing overhead is allocated at a rate of $15.00 per direct labour hour. Actual manufacturing overhead costs incurred in July amounted to $40,000. There were 1,200 actual direct labour hours worked in July. No new jobs were started during July. Job No. 96 is completed on July 28.
A) Determine the total cost assigned to Job No. 96.
B) Is manufacturing overhead over allocated or under allocated for the month of July? By how much?

• A) Determine the total cost assigned to Job No. 96.
• B) Is manufacturing overhead over allocated or under allocated for the month of July? By how much?

Identify the functions and operations of various valves in hydraulic brake systems.

Recognize the maintenance, service, and repair techniques for hydraulic brake systems.

Comprehend the characteristics and handling of hydraulic fluids.

Distinguish between different boosters used in truck brake systems.

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Definitions:

Risky Shift

The tendency for groups to make decisions that are more extreme or riskier than the initial inclination of its members.

Collective Wisdom

Collective Wisdom is the comprehensive insight or knowledge derived from the collaborative thinking and experience of a group of individuals, surpassing the understanding of any single member.

Devil's Advocate

A person who expresses a contentious opinion in order to provoke debate or test the strength of opposing arguments.

Groupthink

A psychological phenomenon occurring within a group of people, where the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.