Hamilton Pty Ltd Uses a Standard Costing System for Product

question 24

Multiple Choice

Hamilton Pty Ltd uses a standard costing system for product costing.The company uses direct labour hours as the cost driver to apply overhead costs.The following amounts were budgeted for the year:
The following were the actual results:
Calculate the amount of overhead cost applied to work in process inventory.

• A) $1 520 000
• B) $1 536 000
• C) $1 550 000
• D) $1 600 000

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Definitions:

Subject

The part of a sentence that indicates what the sentence is about, usually performing the action or being in the state described by the predicate.

Appeal to Authority

A logical fallacy where an argument is made based on the authority of a person or entity, rather than on evidence or reasoning.

Harvard Professor of History

A faculty member specializing in history at Harvard University, which is often indicative of a high level of authority and expertise in the field.

Bridge

A structure constructed to span a physical obstacle, such as a body of water, valley, or road, without blocking the way underneath.