Franklin Glass Works Uses a Standard Cost System in Which

question 7

Multiple Choice

Franklin Glass Works uses a standard cost system in which manufacturing overhead is applied on the basis of standard direct labor-hours. Each unit requires two standard hours of direct labor for completion. The denominator activity for the year was based on budgeted production of 200,000 units. Total overhead was budgeted at $900,000 for the year, and the fixed manufacturing overhead rate was $1.50 per direct labor-hour. The actual data pertaining to the manufacturing overhead for the year are presented below:
-The fixed manufacturing overhead applied to Franklin's production for the year is:

• A)$484,200
• B)$575,000
• C)$594,000
• D)$600,000

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Definitions:

Perception

The method by which the sensations experienced at any given moment are interpreted and organized in some meaningful fashion.

Hippocampus

A part of the brain within the temporal lobe, crucial for memory formation and spatial navigation.

Proactive and Retroactive Inhibition

Forms of interference where old information interferes with the learning of new information (proactive) and where new information causes forgetting of old information (retroactive).

New Long-Term Memories

The process of converting new information into a state that can be recalled after a period of time, involving the consolidation and storage of information.