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Pinnini Co

question 4

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Pinnini Co. uses a predetermined overhead rate based on direct Labour hours to apply manufacturing overhead to jobs. Last year, Pinnini Company incurred £225,000 in actual manufacturing overhead cost. The Manufacturing Overhead account showed that overhead was overapplied £14,500 for the year. If the predetermined overhead rate was £5.00 per direct Labour hour, how many hours did the company work during the year


Definitions:

Carl Jung

A Swiss psychiatrist and psychoanalyst who founded analytical psychology, known for concepts such as the collective unconscious, archetypes, and psychological types.

External World

A term referring to everything that exists outside of one's self and subjective experiences.

Outgoing Person

An individual characterized by a sociable, extroverted, and often friendly demeanor, making them adept at interacting with others.

Terminal Value

In finance, it represents the estimated value of a business or project beyond the forecast period when future cash flows can be estimated. In ethics, it refers to the inherent value that an end action or state possesses in itself.

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