At the Beginning of the Year,manufacturing Overhead for the Year

question 25

Multiple Choice

At the beginning of the year,manufacturing overhead for the year was estimated to be $267,500.At the end of the year,actual direct labor-hours for the year were 22,100 hours,the actual manufacturing overhead for the year was $262,500,and manufacturing overhead for the year was overapplied by $13,750.If the predetermined overhead rate is based on direct labor-hours,then the estimated direct labor-hours at the beginning of the year used in the predetermined overhead rate must have been:

• A)22,100 direct labor-hours
• B)19,900 direct labor-hours
• C)21,000 direct labor-hours
• D)21,400 direct labor-hours

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Definitions:

Banking Industry

The sector of the economy dedicated to the business of holding financial assets for others, making loans, and providing financial services.

Organized Deviance

Activities by structured groups that defy societal norms or laws, ranging from organized crime to political protests.

Low-Level Managers

Managers who operate at the lower tier of an organizational hierarchy, typically overseeing the direct performance of entry-level employees.

Organized Crime

Crime carried out by structured groups primarily engaged in illegal activities for profit.