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Fly-By-Night Studios Produced Three Films This Year: Bassets on the Run

Question 167

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Fly-By-Night Studios produced three films this year: Bassets on the Run, My Life as a Cat, and I Wanna Be a Fish. The overhead allocation rate was $500 per direct labour hour based on estimated overhead costs of $3,000,000. Data on each film appear in the table below:
Fly-By-Night Studios produced three films this year: Bassets on the Run, My Life as a Cat, and I Wanna Be a Fish. The overhead allocation rate was $500 per direct labour hour based on estimated overhead costs of $3,000,000. Data on each film appear in the table below:   Several costs or other quantitative values are described.Match each explanation with the appropriate value. Each numbered item has only one correct answer. Each lettered item may be used once, more than once, or not at all.
Several costs or other quantitative values are described.Match each explanation with the appropriate value. Each numbered item has only one correct answer. Each lettered item may be used once, more than once, or not at all.

Premises:
Total estimated overhead cost for next period
Actual overhead cost for Bassets on the Run
Estimated direct labour hours for this period
Actual overhead cost for I Wanna Be a Fish
Overhead allocated for My Life as a Cat
Actual direct labour hours this
Responses:
$ 1,250,000
6,000
$ 1,150,000
$ 2,100,000
Not enough information given to determine amount
7,600

Correct Answer:

Total estimated overhead cost for next period
Actual overhead cost for Bassets on the Run
Estimated direct labour hours for this period
Actual overhead cost for I Wanna Be a Fish
Overhead allocated for My Life as a Cat
Actual direct labour hours this
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