Fortify,Inc A) $2400
B) $15

question 85

Multiple Choice

Fortify,Inc.uses a predetermined manufacturing overhead rate based on direct labor hours to apply its indirect product costs to jobs.The following information has been collected for the previous year: Fortify used 25,000 direct labor hours and 50,000 machine hours during the previous year.What is the predetermined overhead rate per direct labor hour?
$$\begin{array} { | l | r | } \hline \text { Direct materials } & \$ 150,000 \\\hline \text { Direct labor } & 200,000 \\\hline \text { Sales commissions } & 100,000 \\\hline \text { Indirect labor } & 50,000 \\\hline \text { Rent on offic e equipment } & 25,000 \\\hline \text { Depreciation - factory building } & 75,000 \\\hline \text { Utilities - factory } & 125,000 \\\hline\end{array}$$

• A) $24.00.
• B) $15.00.
• C) $14.00.
• D) $10.00.

Grasp the concept and importance of the Zero Moment of Truth (ZMOT) in the consumer purchase process.

Understand the concept and consequences of anticipatory repudiation in contract law.

Distinguish between various types of contract breaches and their implications.

Identify the conditions under which contractual obligations can be discharged.

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Definitions:

Acquisition of Additional Shares

The purchase of more shares in a company, either to increase an existing stake or as a strategic move in corporate acquisitions.

Dividends

Payments made by a corporation to its shareholder members, usually derived from the company's profits.

Consolidated Statement of Cash Flows

A financial statement that shows the cash inflows and outflows of a parent company and its subsidiaries, revealing how cash is generated and used over a period.

Financing Activity

Transactions involving changes in equity and long-term liabilities on the company's balance sheet, such as issuing shares, taking out loans, or paying dividends.