Morrish Inc

question 22

Multiple Choice

Morrish Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The direct labor budget indicates that 7,100 direct labor-hours will be required in January. The variable overhead rate is $1.80 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $102,950 per month, which includes depreciation of $19,880. All other fixed manufacturing overhead costs represent current cash flows. The January cash disbursements for manufacturing overhead on the manufacturing overhead budget should be:

• A)$115,730
• B)$95,850
• C)$12,780
• D)$83,070

Understand the structure and function of ribosomes.

Comprehend the role of mitochondria in cellular metabolism and energy production.

Recognize the significance of Golgi bodies in the modification and sorting of proteins and lipids.

Identify the organelles involved in sugar metabolism.

---

Definitions:

Credit Sales

Sales made by a business where the customer is allowed to pay at a later date.

Bad Debt Expense

A charge to the income statement for accounts receivable that a company has determined it will not collect.

Adjusting Entry

An entry made in the books of accounts at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.

Credit Sales

Transactions involving the transfer of goods or services to a customer with the agreement that payment will be made at a later date.