Pohl Corporation Uses a Standard Cost System in Which Manufacturing

question 107

Multiple Choice

Pohl Corporation uses a standard cost system in which manufacturing overhead is applied on the basis of standard machine-hours. For June, the company's manufacturing overhead flexible budget showed the following total budgeted costs at a denominator activity level of 20,000 machine-hours: During June, 17,000 machine-hours were used to complete 13,000 units of product, and the following actual total overhead costs were incurred: At standard, each unit of finished product requires 1.4 hours of machine time. The total predetermined overhead rate per machine-hour for June was:

• A)$2.57 per machine-hour
• B)$1.30 per machine-hour
• C)$2.80 per machine-hour
• D)$3.15 per machine-hour

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Definitions:

Encoding Specificity

The principle that memory retrieval is more effective when the cues present at the time of encoding are also present at retrieval.

Memorability

The quality of being easy to remember due to being notable or remarkable.

Context-Dependent Learning

Context-dependent learning is the phenomenon where the context in which information is learned affects the ability to recall that information.

Mood-Congruent Memory

The tendency to recall information or events that are consistent with one's current mood, influencing and reinforcing emotional states.