Preston Manufacturing Is Working on Two Housing Projects

question 119

Multiple Choice

Preston Manufacturing is working on two housing projects. Overhead is applied on the basis of direct labor hours. At the beginning of the year, the company estimated that overhead would be $64,000 and 10,000 direct labor hours would be worked. Both projects were started and completed in the current accounting period. The following transactions were completed during the period: (a) Used $10,000 of direct material on Project I and $6,800 of direct material on Project II.(b) Labor costs for the two jobs amounted to the following: Project I, $24,000 (2,000 hours) ; Project II, $44,000 (6,000 hours) .(c) Project II was sold during the period for $120,000.The amount of estimated overhead applied to Work in Process Inventory for the period equals: (Do not round your intermediate calculation.)

• A)$51,200.
• B)$64,000.
• C)$54,400.
• D)$44,000.

---

Definitions:

Brand Engagement

A measure of the attachment and interaction between a customer and a brand, including how actively involved the customer is with the brand.

Brand Persona

A representation of a brand's identity, character, and values as perceived by its audience.

Audience Specialization

The process of tailoring content, products, or services to meet the specific needs or interests of a particular segment of the market.

Social Objects

Items or concepts in social media that people engage with and talk about, which can form the basis of community building and interaction.