Goodness of fit has meaning only if the relationship between the cost drivers and costs is economically plausible

The Carlin 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 $100,700 Total direct labor costs estimated at the beginning of the year $185,000 Total direct labor hours estimated at the beginning of the year 3,000 direct labor hours Total machine hours estimated at the beginning of the year 9,600 machine hours Actual manufacturing overhead costs for the year $96,900 Actual direct labor costs for the year $147,000 Actual direct labor hours for the year 2,900 direct labor hours Actual machine hours for the year 10,000 machine hours The company's manufacturing overhead allocation is based on the number of machine hours. What is the amount of manufacturing overhead cost allocated to Work-in-Process Inventory during the year? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) A) $30,419 B) $335,666 C) $104,900 D) $192,708

The cornerstone of a successful job search is a thorough list of assets and accomplishments because they point to useful skills and abilities

Indicate whether the statement is true or false.