Davey Corporation Is Preparing Its Manufacturing Overhead Budget for the Fourth

question 118

Multiple Choice

Davey Corporation is preparing its Manufacturing Overhead Budget for the fourth quarter of the year. The budgeted variable manufacturing overhead rate is $3.00 per direct labor-hour; the budgeted fixed manufacturing overhead is $66,000 per month, of which $10,000 is factory depreciation. If the budgeted direct labor time for December is 4,000 hours, then the predetermined manufacturing overhead per direct labor-hour for December would be:

• A)$3.00
• B)$19.50
• C)$5.50
• D)$17.00

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Definitions:

Body Fat

The portion of a person's body mass made up of fat tissues as compared to lean body mass.

Bins

In the context of histograms, bins are intervals used to divide the entire range of values into a series of intervals to count the number of values that fall into each interval.

Bimodal

A distribution with two different modes (peaks) where the data shows two prevalent values.

Skewed

A distribution that is not symmetrical, where the bulk of values are concentrated to one side of the mean.