Axe Applies Overhead to Jobs at a Predetermined Rate of 80

question 41

Multiple Choice

Axe applies overhead to jobs at a predetermined rate of 80% of direct Labour cost. Job No. 9, the only job still in process at the end of March, has been charged with direct Labour of £1,000. The amount of direct materials charged to Job No. 9 was

• A)£12,000.
• B)£ 4,400.
• C)£ 2,600.
• D)£ 1,500.

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Definitions:

Job Hazard Analysis

Safety promotion technique that involves breaking down a job into basic elements, then rating each element for its potential for harm or injury.

Hazard Potential

The likelihood or potential for a substance, activity, or process to cause harm or adverse effects.

Civil Rights Act

Legislation intended to address discrimination and protect individuals' rights to fair treatment regardless of race, color, religion, sex, or national origin.

Supreme Court Decisions

The final rulings and opinions issued by the Supreme Court, the highest judicial authority, which have a significant impact on law and society.