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11Alexandr11 [23.1K]
3 years ago
14

Sargent Corporation applies overhead cost to jobs on the basis of 80% of direct labor cost. If Job 210 shows $17,920 of manufact

uring overhead cost applied, how much was the direct labor cost on the job
Business
1 answer:
prisoha [69]3 years ago
5 0

Answer:

direct labor costs= $22,400

Explanation:

Giving the following information:

Sargent Corporation applies overhead costs to jobs based on 80% of direct labor cost.

Job 210 shows $17,920 of manufacturing overhead cost applied.

<u>To calculate the direct labor cost for Job 210, we need to use the following formula:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

17,920= 0.8* direct labor costs

direct labor costs= 17,920/0.8

direct labor costs= $22,400

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4 years ago
You must estimate the intrinsic value of Noe Technologies’ stock. The end-of-year free cash flow (FCF1) is expected to be $27.50
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= $52.78 per share

Explanation:

<em>The value of a business can be determined using the free cash flow model. According to this model, the value of a firm is is the present value of its free cash flow discounted at the weigthed average cost of capital (WACC.)</em>

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We can work out the the value per share using the steps below:

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 = $916.66 million

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= $916.66 million - $125.0 million

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