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ludmilkaskok [199]
3 years ago
7

Branin Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hou

rs. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $160,000, variable manufacturing overhead of $3.40 per direct labor- hour, and 80,000 direct labor-hours. The company has provided the following data concerning Job A578 which was recently completed: Total direct labor-hours 250 Direct materials $ 715 Direct labor cost $ 9,000 The total job cost for Job A578 is closest to ______.
A. $8.80 per direct labor-hourB. $2.00 per direct labor-hourC. $3.40 per direct labor-hourD. $5.40 per direct labor-hour
Business
1 answer:
Mazyrski [523]3 years ago
6 0

Answer:

D. $5.40 per direct labor-hour and $11,065

Explanation:

The computation of the total job cost is shown below

= Direct material cost + direct labor cost + direct labor hours × predetermined overhead rate

= $715 + $9,000  250 hours × $5.4

= $715 + $9,000 + $1,350

= $11,065

The predetermined overhead rate is come from

= Total fixed manufacturing overhead cost ÷ direct labor hours + variable manufacturing overhead cost per direct labor hours

= $160,000 ÷ 80,000 direct labor hours + $3.40

= $2 + $3.40

= $5.40

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Solution :

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\text{After tax nominal rate} = \text{Nominal interest rate} $\times (1-\text{tax rate})$

\text{After tax nominal interest rate} = $6.5 \times (1-0.10)$

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After tax real interest rate = \text{after tax nominal rate} - \text{inflation rate}

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\text{After tax nominal interest rate} = \text{Nominal interest rate} $\times (1-\text{tax rate })$

                                                  $=11.5 \times (1 - 0.10)$

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                                          = 11.5 x 0.90

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Putting all the value in table :

\text{Inflation rate}    Real interest  Nominal interest  After tax nominal  After tax  

                                  rate                rate               interest rate       interest rate

2.0                             4.5                  6.5                        5.85                   3.85

7.0                              4.5                11.5                         10.35                3.35

Comparing with the \text{higher inflation rate}, a \text{lower inflation rate} will increase the after after tax real interest rate when the government taxes nominal interest income. This tends to encourage saving, thereby increase the quantity of investment in the economy and the increase the economy's long-run growth rate.

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