Nil Co Uses a Predetermined Overhead Rate Based on Direct Labour

question 1

Multiple Choice

Nil Co. uses a predetermined overhead rate based on direct Labour cost to apply manufacturing overhead to jobs. For the year ended December 31, Nil's estimated manufacturing overhead was £600,000, based on an estimated volume of 50,000 direct Labour hours, at a direct Labour rate of £6.00 per hour. Actual manufacturing overhead amounted to £620,000, with actual direct Labour cost of £325,000. For the year, manufacturing overhead was

• A)overapplied by £20,000.
• B)underapplied by £22,000.
• C)overapplied by £30,000.
• D)underapplied by £30,000.

Differentiate between the direct and indirect hazards of alcohol consumption.

Comprehend models and theories explaining why people consume alcohol.

Recognize the role of genetic factors in alcoholism.

Understand preventative measures and the effects of regulations on alcohol consumption.

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Definitions:

Decentralized

Refers to the distribution of functions, powers, people, or organizations away from a central location or authority.

Centralized

A system or structure where decision-making or operational activities are concentrated at a single point or location, typically in the context of organizational management.

Hybrid

Combining two or more different technologies, components, or systems to produce a new or more efficient output.

Total Cost of Ownership

The purchase price of an asset plus the costs of operation, considering all financial aspects of acquiring, operating, and maintaining it over its lifetime.