If the overhead application rate is $20 per direct labour hour and 240 direct labour hours are used to produce a unit how much overhead is included in the total production cost of the unit?

Select one:

a. $20

b. None of the options

c. $4 800

d. $48 000

e. $480

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Canada Ltds accounting records provide the following information for the 2020 financial year. Calculate the direct material used for the period?

Work in process 1 January 2020	$11 250
Work in process 31 December 2020	17 250
Direct manufacturing labour cost	13 350
Factory overhead expenses	19 050
Cost of goods manufactured	52 500

Select one:

a. $26 100

b. $20 100

c. $9 600

d. $14 100

e. None of the options

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At the end of the year Canada Company declared a final cash dividend out of its retained earnings. Which of the following is the journal entry to record the declaration?

Select one:

a. Dr Cash; Cr Final dividend payable

b. Dr Retained earnings; Cr Final dividend payable

c. Dr Final dividend payable; Cr Cash

d. Dr Share capital; Cr Final dividend payable

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Which of the following is the accounting entry to record a share split?

Select one:

a. Dr Allotment account; Cr Share capital

b. Dr Share capital; Cr Reserve account

c. Dr Retained earnings; Cr Share capital

d. No entry is required

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If projected factory overhead is $90 000 p.a. and projected direct labour hours are 15 000 hours p.a., the overhead application rate is:

Select one:

a. None of the options

b. $90 000.

c. $6 per direct labour hour.

d. $60 per direct labour hours .

e. $0.60 per direct labour hour.