Precision Company Data Precision Company Used a Predetermined Overhead Rate Last Year of overhead

question 64

Multiple Choice

Precision Company data: $\begin{array}{lrr} \text { Actual manufacturing overhead cost incurred} &£ 84,000\\ \text {Actual direct Labour hours worked } &27,000\\\end{array}$

Precision Company used a predetermined overhead rate last year of £3 per direct Labour hour, based on an estimate of 24,000 direct Labour hours to be worked during the year.
The under- or overapplied overhead for the year was:

• A)£3,000 underapplied.
• B)£3,000 overapplied.
• C)£12,000 underapplied.
• D)£12,000 overapplieD.

Apply knowledge of control chart construction to specific examples, including x-bar and p-charts.

Recognize the importance of sample size in determining control chart limits.

Understand the concept of standard deviation in the context of quality control and its calculation for different scenarios.

Comprehend the relationship between process performance and the uniformity indicated by control charts.

---

Definitions:

Implicit Memory

A type of memory that enables us to perform tasks without conscious awareness of these previous experiences, such as riding a bike.

Procedural Memory

A type of long-term memory responsible for knowing how to perform different actions and skills.

Nondeclarative Memory

A type of long-term memory for skills, procedures, and conditioned responses that can be performed without conscious awareness.

Memory-Blocking Drug

A hypothetical or experimental substance that can prevent the formation of new memories or impair the retrieval of existing ones.