Answer:
Allocated overhead= $43,180
Explanation:
Giving the following information:
Cost of direct materials used $42,600
Cost of goods manufactured $124,200
Cost of direct labor ($30 per hour)= $76,200
Manufacturing overhead cost is allocated at the rate of $17 per direct labor hour.
Allocated overhead= predetermined overhead rate* actual allocation base
Allocated overhead= 17* (76200/30)= $43,180
Answer:
The government spent money to lift the economy out of the great depression
Explanation:
Depression is an extended period of economic downturn. It starts as a recession where the economy experiences declining growth. The GDP value decreases and turns. The economy remains in a subdued state for some years. Depression is associated with massive job losses, closure of businesses, reduced prices, low production, and reduced incomes.
To get the economy out of the economic depression, the government had to apply expansionary fiscal policies to stimulate economic growth and recovery. Increasing government spending is one way of stimulating growth. The government engages in capital intensive projects such as the construction of roads, schools, hospitals, and other public amenities. This creates jobs and demand for materials, resulting in higher GDP.
Answer:
b. $75,000
Explanation:
Depreciable cost is the amount of an asset's cost that will be depreciated. Depreciable cost is calculated by using purchase and installation cost of a fixed asset, minus its estimated salvage value at the end of its useful life.
Depreciable cost = Total asset cost - salvage value = $90,000 - $15,000 = $75,000
The company then uses a depreciation method, such as the straight-line method, to calculate depreciation expense of the equipment.
Example:
Annual Depreciation expense = $75,000/6 = $12,500
Answer:
b. at the quantity where marginal cost equals the long run average cost curve.
Explanation:
This point will be the most effective to produce at after this point the shutdown point would be reached at surpassed.
