Hogle Mfg Co

question 147

Multiple Choice

Hogle Mfg. Co. uses a standard costing system. The standard time to produce one unit is 4 hours, and normal production is 3,000 units monthly. Overhead costs were estimated to be $135,000. The standard variable overhead rate is $5 per machine hour. During April the following results were recorded: Units produced 3,100
Units sold 2,800
Machine hours required 12,800
Actual overhead costs $136,000
The total overhead allocated was:

• A)$135,000
• B)$139,500
• C)$141,500
• D)$137,000

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Definitions:

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A sector of the beverage industry that manufactures, markets, and sells nonalcoholic beverages such as sodas, iced teas, and energy drinks.

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Homogeneous Oligopoly

A market structure characterized by few sellers offering products that are identical or very similar, making competition based mostly on price.

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