Multiple Choice
Vektek Inc. thinks machine hours is the best activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $2050000. The company used 1000 hours of processing on Job No. B12 during the period and incurred overhead costs totaling $2100000. The budgeted machine hours for the year totaled 20000. How much overhead should be applied to Job No. B12?
A) $2100
B) $102500
C) $105000
D) $2050
Correct Answer:
Verified
Correct Answer:
Verified
Q9: Which one of the following best describes
Q10: Conceptually any under- or overapplied overhead at
Q11: A good system of internal control requires
Q12: A materials requisition slip showed that
Q13: The predetermined overhead rate is<br>A) determined on
Q15: Manufacturing costs are generally incurred in one
Q16: In a job order system raw materials
Q17: The cost of raw materials purchased is
Q18: In calculating a predetermined overhead rate a
Q19: Time tickets should be approved by<br>A) the