The Adlake Corporation Makes and Sells a Single Product and Uses

question 8

Multiple Choice

The Adlake Corporation makes and sells a single product and uses a standard cost system. During October, the company budgeted $300,000 in manufacturing overhead cost at a denominator activity of 20,000 machine-hours. At standard, each unit of finished product requires 5 machine-hours. The following cost and activity were recorded during October: The amount of overhead cost that the company applied to work in process for October was:

• A)$279,300
• B)$291,330
• C)$294,000
• D)$285,000

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Definitions:

Point-Of-Service

A term used in healthcare to describe the location and moment when a patient receives medical services or treatment.

ICD-10 Codes

A globally used system of codes for diagnoses and procedures maintained by the World Health Organization, aiding in health management and billing.

Morbidity

Morbidity refers to the state of being diseased or unhealthy within a population, often measured by the incidence or prevalence of specific diseases.

Health Insurance Portability And Accountability Act

A United States legislation passed in 1996 that provides data privacy and security provisions for safeguarding medical information.