The Quadrangle Fabrication Plant suffered a fire incident at the beginning of the year, which resulted in the loss of property including the accounting records
Some data for the year were retrieved, and extracts from it are shown below:
Total manufacturing overhead costs estimated at the beginning of the year $104,560
Total direct labor costs estimated at the beginning of the year $186,000
Total direct labor hours estimated at the beginning of the year 3,300 direct labor hours
Actual manufacturing overhead costs for the year $99,700
Actual direct labor costs for the year $150,000
Actual direct labor hours for the year 2,100 direct labor hours
The company's manufacturing overhead allocation is based on direct labor hours. How much manufacturing overhead was allocated to production during the year? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
A) $104,560
B) $66,528
C) $164,309
D) $186,000
B .
You might also like to view...
A group of professors struggles to craft a set of assessment questions for their operations management intro class. They want to cover four topic areas with at least four questions each and have no more than twenty questions total for the assessment
What would a set of constraints look like if they chose an optimization approach to the assessment?
Compound interest is interest paid not only on the initial investment but also on any interest earned after the initial investment
Indicate whether the statement is true or false.