Ashland Corporation Estimates Its Manufacturing Overhead Costs to Be $160,000

question 49

Multiple Choice

Ashland Corporation estimates its manufacturing overhead costs to be $160,000 and its direct labor costs to be $320,000 for 2016.The actual manufacturing labor costs were $80,000 for job 1,$120,000 for job 2 and $160,000 for job 3 during 2016.Manufacturing overhead is applied to jobs on the basis of direct labor costs using a predetermined overhead rate.The actual manufacturing overhead cost for the year was $172,000.The amount of overhead assigned to Job 3 during 2016 was:

• A) $80,000.
• B) $320,000.
• C) $160,000.
• D) $71,110.

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Definitions:

Quasi-criminal Infractions

Offenses that are not entirely criminal but involve penalties or sanctions similar to those in criminal law, often relating to regulatory violations.

Moral Culpability

The degree of condemnation deserved by a person for wrongdoing, considering ethical and moral standards.

Confinement

The act of restraining or restricting someone or something within a space, or the state of being detained, such as in prison.

Utilitarians

Philosophers or adherents of the ethical theory known as utilitarianism, which evaluates the morality of actions based on their outcomes or utility in maximizing happiness or well-being.