Answer:
80,000
Explanation:
Cost data of the month of May was taken from Terrence manufacturing company
The manufacturing cost incurred during the month can be calculated as follows
= wages of production workers + raw materials + materials handling + factory rent + factory insurance + depreciation of factory equipment
= 28,000 + 47,000 + 1,500 + 2,000 + 500 + 1,000
= 80,000
Hence the manufacturing cost incurred during the month is 80,000
Answer:
22.5 years will take to exhaust his funds
Explanation:
Consider the following calculations
- PV = 375,000, payment = -35,000, interest rate is 7.5%.
- FV = 0.
- Plugging these numbers into a calculator and solving for number of periods gives 22.5 years.
Answer:
Overhead Rate 14.5856
Explanation:
Fixed Cost of the manufacturing overhead will be distribute over the cost driver.
Then we will add the fixed with the variable to get the total overhead per machine-hour
