Cambridge Corporation Applied Factory Overhead Costs of $205,000 to Production

question 79

Multiple Choice

Cambridge Corporation applied factory overhead costs of $205,000 to production during the current year.At the end of the year,total overapplied factory overhead is $17,000.What was the amount of actual factory overhead cost incurred during the year?

• A)$222,000
• B)$200,000
• C)$205,000
• D)$188,000

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Definitions:

Maximizes Profit

A strategy or action aimed at increasing the difference between total revenue and total costs to the highest possible level.

Constraints

are limitations or restrictions that affect the strategies and outcomes of a decision-making process or production operation.

Region Of Optimality

The set of all solutions that optimizes a given objective function within a feasible region.

Iso-Profit Line

A graphical representation in managerial economics that shows combinations of different products or inputs that yield the same level of profit.