Pinnini Co

question 14

Multiple Choice

Pinnini Co.uses a predetermined overhead rate based on direct labor-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 labor-hour,how many hours did the company work during the year?

• A)45,000 hours
• B)47,900 hours
• C)42,100 hours
• D)44,000 hours

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Definitions:

Semi-Annual Dividend

A payment made to shareholders that is distributed twice a year from a company's earnings.

Total Return

The overall gain or loss on an investment over a specified time period, including interest, dividends, and capital gains.

Capital Gain Yield

The rate of return on an investment based on the increase in its market value over the original purchase price, excluding dividends or interest.

Income Yield

The income return on an investment, typically expressed as a percentage of the investment’s cost or current market value.