Johnson's Metal Works Planned the Following for the Year Ended

question 17

Multiple Choice

Johnson's Metal Works planned the following for the year ended 31 December 2019.
$$\begin{array} { l r } \text { Factory overhead costs } & \$ 114000 \\\text { Direct labour cost } ( \$ 6.00 \text { an hour } ) \mathrm { x } ( 12000 \mathrm { hrs } ) & \$ 72000 \\\text { Machine hours } & 24000 \\\text { Direct material cost } & \$ 66000\end{array}$$
The predetermined overhead rate is based on direct labour hours and planned production during 2019 is 6 000 units. The estimated cost per unit produced is:

• A) $19.
• B) $23.
• C) $42.
• D) $30.

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Definitions:

Preclinical Phase

The stage of research that begins before clinical trials (testing in humans) can commence, involving in vitro (test tube or cell culture) and in vivo (animal) experimentation.

Clinical Phase

refers to any of the stages of rigorous tests that an experimental drug, therapy, or medical device goes through to determine its safety, efficacy, and side effects before being approved for widespread use.

Disease Progression

The process by which a disease advances in severity, complexity, or extent over time, potentially leading to worsening symptoms or the development of complications.

Prevalence

The total number of cases of a disease in a given population at a specific time.