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

question 237

Multiple Choice

Use the information below to answer the following question(s) .
Zarvo Moldings allocates manufacturing overhead to jobs based on machine hours. The company has the following estimated costs for the upcoming year:
The company estimates that 1,800 direct labour hours will be worked in the upcoming year, while 2,000 machine hours will be used during the year.
-At Zarvo Moldings the predetermined manufacturing overhead rate per machine hour is closest to

• A) $56.
• B) $36.
• C) $100.
• D) $15.

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Definitions:

Sherman Act

A landmark federal statute in the field of United States antitrust law passed in 1890 that prohibits certain business activities that reduce competition in the marketplace.

Clayton Act

A U.S. antitrust law aimed at increasing competition by preventing unfair trade practices and monopolies.

Federal Trade Commission Act

A U.S. federal law established in 1914 to prevent unfair or deceptive business practices, including anti-trust laws, to promote fair competition.

Social Regulation

Rules and standards imposed by governments to protect public welfare, including health, safety, and the environment.