The Alphonse Company Allocates Fixed Overhead Costs by Machine Hours

question 24

Essay

The Alphonse Company allocates fixed overhead costs by machine hours and variable overhead costs by direct labor hours. At the beginning of the year the company expects fixed overhead costs to be $600,000 and variable costs to be $800,000. The expected machine hours are 6,000 and the expected direct labor hours are 80,000. The actual fixed overhead costs are $700,000 and the actual variable overhead costs are $750,000. The actual machine hours during the year are 5,500 and the actual direct labor hours are 90,000.
Required:
a. How much overhead is allocated?
b. What is the over/under-absorbed overhead?

Understand the ethical considerations in psychological research involving humans, including the importance of informed consent and the role of debriefing.

Recognize the ethical guidelines related to deception in research and the reasons for its use and potential reduction in modern studies.

Identify the principles outlined in the Belmont Report, especially respect for persons through informed consent.

Describe the ethical considerations involved in research with nonhuman animals, including the role of Institutional Animal Care and Use Committees.

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Definitions:

Outliers

Observations in a dataset that are significantly different from the majority of the data, potentially indicating measurement error or a population variance.

Small Cracks

Minor fissures or fractures in materials, often indicating potential failure points or structural weaknesses.

Summary Statistics

Statistical measures that capture important aspects of a dataset, such as its center, spread, and shape, with values like mean, median, and standard deviation.

Upper Fence

A value in boxplot analysis, calculated to identify outliers; it is typically set at Q3 + 1.5*IQR (where Q3 is the third quartile and IQR is the interquartile range).