Moran Company Uses a Job Order Cost System and Has

question 22

Multiple Choice

Moran Company uses a job order cost system and has established a predetermined overhead application rate for the current year of 150% of direct labor cost,based on budgeted overhead of $900,000 and budgeted direct labor cost of $600,000.Job no.1 was charged with direct materials of $36,000 and with overhead of $27,000.What is the total cost of job no.1?

• A)$64,000.
• B)$81,000.
• C)$91,000.
• D)Cannot be determined without additional information.

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Definitions:

Contact Histogram

An instruction sequence that monitors a designated memory bit or a designated input or output point for a change of state. A listing is generated by the instruction sequence that displays how quickly the monitored point is changing state.

Selected Address

Refers to a specific memory location or device identified for data storage, access, or communication.

PLC Control Process

The sequence and method by which a Programmable Logic Controller (PLC) receives inputs, processes them according to its programmed logic, and generates outputs to control machinery or processes.

Commissioning

The process of verifying and bringing newly installed equipment, systems, or facilities into operational condition.