What currency is used in Mexico?

A. Peseta
B. Peso
C. Mexican dollar
D. Bolivar

Ans: B. Peso

Business

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A survey of diversity initiatives in selected multinational corporations, identified the following principal areas including:

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Venus Manufacturing uses a predetermined overhead allocation rate based on a percentage of direct labor cost

At the beginning of the year, it estimated the manufacturing overhead rate to be 20% of the direct labor cost. In the month of June, Venus completed Job 13C and its details are as follows: Direct materials cost $6,360 Direct labor cost $20,000 Direct labor hours 34 hours Units of product produced 220 What is the total cost incurred for Job 13C? A) $27,632 B) $24,000 C) $10,360 D) $30,360

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