The Hawkins Company Uses a Standard Costing System in Which

question 52

Multiple Choice

The Hawkins Company uses a standard costing system in which manufacturing overhead is applied on the basis of standard direct labor-hours (DLHs) . During February, the company actually used 9,200 direct labor-hours and made 2,900 units of finished product. The standard cost card for one unit of product includes the following:

Variable factory overhead: 3 DLHs $4.75 per DLH
Fixed factory overhead: 3 DLHs $3.00 per DLH

For February, the company incurred $28,450 in fixed manufacturing overhead costs and recorded a $900 favorable volume variance.

-The denominator activity level in direct labor-hours used by Hawkins in setting the predetermined overhead rate for February is:

• A)9,300 hours
• B)8,400 hours
• C)9,000 hours
• D)8,700 hours

Understand the critique of race research in organizations and the normalization of a white worldview.

Recognize how personal identities, particularly sexual orientation, affect social interactions and stereotypes in the workplace.

Comprehend Jablin's stages of socialization within organizations and their implications for workers' adjustment and role development.

Identify strategies employed by individuals to negotiate their workplace identity based on sexual orientation.

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Definitions:

Segment Margin

The amount of profit or loss generated by a specific segment of a business, after accounting for the direct costs and traceable fixed costs.

Avoidable Cost

Expenses that can be eliminated if a particular action is not taken.

Special Order

An order for goods or services that is outside of a company's normal operations, often requiring unique pricing or production considerations.

Minimum Selling Price

The lowest price at which a product or service can be sold while still covering its production or procurement costs.