Ad-On International Is an Advertising Company

question 90

Multiple Choice

Ad-on International is an advertising company.It estimated the overhead costs for March,2014,to be $950,000 and direct labor hours to be 5,000 hours.In March,it incurred overhead costs of $1,150,000 and 5,100 labor hours.
-What is the overapplied or underapplied overhead for Ad-on International for March,2014?

• A)$181,000 underapplied
• B)$181,000 overapplied
• C)$19,000 underapplied
• D)$19,000 overapplied

Learn the significance of adjusted gross income (AGI) in determining deductions and credits.

Familiarize with the consequences of failing to file tax returns and the associated penalties.

Identify the filing requirements and options available to taxpayers under different circumstances.

Understand the eligibility for dependency exemptions vis-à-vis support and income thresholds.

---

Definitions:

Goal Maintenance

The mental process of keeping one’s goal in mind to guide the selection of the next actions.

Frontal Lobe

The part of the brain located at the front of the skull, responsible for executive functions such as decision making, problem-solving, and controlling behavior.

Mental Speed Tasks

Cognitive exercises or tests designed to measure the quickness of an individual's thought processes, decision-making, and reaction times.

Simple Reaction Time

The time taken for an individual to respond to a single stimulus, such as light or sound, with a predetermined response.