Use the Information Below to Answer the Following Question(s) $\quad$

question 43

Multiple Choice

Use the information below to answer the following question(s) .

The following account balances at the beginning of January were selected from the general ledger of Sailor Manufacturing Company:

Work in process inventory $\quad$$\quad$ $0
Raw materials inventory $\quad$$\quad$ $26,000
Finished goods inventory $\quad$$\quad$ $46,000

Additional data:
1) Actual manufacturing overhead for January amounted to $62,000.
2) Total direct labour cost for January was $57,000.
3) The predetermined manufacturing overhead rate is based on direct labour cost. The budget for the year called for $300,000 of direct labour cost and $360,000 of manufacturing overhead costs.
4) The only job unfinished on January 31 was Job No. 1002, for which total direct labour charges were $6,300 (800 direct labour hours) and total direct material charges were $12,000.
5) Cost of direct materials placed in production during January totaled $101,000.
6) January 31 balance in raw materials inventory was $32,000.
7) Finished goods inventory balance on January 31 was $34,500.

-What is the predetermined manufacturing overhead rate at Sailor Manufacturing Company?

• A) 57%
• B) 83%
• C) 108%
• D) 120%

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Definitions:

Project Scope

The part of project planning that involves determining and documenting a list of specific project goals, deliverables, tasks, costs, and deadlines.

Client

An individual or entity that commissions and financially supports a project or service from a supplier or service provider.

Project Scope Statement

A document that outlines the project's objective, deliverables, boundaries, and constraints in detail.

Project Team

A group of individuals with various roles and responsibilities working together to achieve the project's objectives.