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JulsSmile [24]
3 years ago
9

Spruce Company uses a job costing system. Spruce Company's schedule of cost of goods manufactured showed the following amounts f

or the month ended August 31.
Cost of goods manufactured $124,100​
Cost of direct materials used $42,800​
Cost of direct labor ($36 per hour) $73,800​
Work in process inventory, August 1 $15,200​
Manufacturing overhead cost is allocated at the rate of $23 per direct labor hour.

What is the amount of allocated manufacturing overhead costs for August?
Business
1 answer:
julsineya [31]3 years ago
5 0

Answer:

The amount of allocated manufacturing overhead costs for August is $47,150

Explanation:

For computing the allocated manufacturing overhead costs, first we have to compute the direct labor hours which is shown below:

=  Direct labor cost ÷ per hour rate

= $73,800 ÷ $36

= 2,050 hours

Now the allocated manufacturing overhead costs equals  to

= Direct labor hours × Manufacturing overhead rate

= 2,050 hours × $23

= $47,150

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Answer:

a. <u>Labor variances for 14 PT staff: </u>

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= ($50 - $52) x 1.40 x 2,604

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Labor Efficiency variance = [(Standard hours per app. X number of app.) - (Actual time per App. * number of apps.)] * Std. rate

= [(1.20 * 2,604) - (1.40 * 2,604)] * $50

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<u>Labor variances for 10 SD staff</u>:

Labor rate variance = (Standard Rate – Actual Rate) x (Actual time per app) * (number of apps. completed)

= ($45 - $47) * 1.20 * 1,600

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Labor Efficiency variance = [(Standard hours per app. X number of app.) - (Actual time per App. * number of apps.)] * Std. rate

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5 0
3 years ago
Jacques deposited $1,900 into an account that earns 4% interest compounded semiannually. After t years, Jacques has $3,875.79 in
kupik [55]
A year has two semesters, then
n = 2<span>v(t)=p<span><span>(<span>1+<span>r/2</span></span>)</span><span>2t
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3 0
3 years ago
Read 2 more answers
us suppose that you open a savings account at the campus credit union. Into this savings account, you place $100 in savings. The
BartSMP [9]

Answer:

the  future value in two years is $110.25

Explanation:

The computation of the future value in two years is shown below:

As we know that

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= $110.25

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The same should be considered and relevant

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2 years ago
This occurs when one party repeatedly holds out for a better deal.
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A breakdown in bargaining happens when one party repeatedly holds our for a better deal. In this cases, private solutions to this kind of externalities is deemed necessary. Though bargaining is quite common among transactions made by economists, it cannot be helped that there are certain problems that arise from this.
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AFN has negative and positive sides. The correct statement is A negative AFN indicates that retained earnings and spontaneous liabilities are far more than sufficient to finance the additional assets needed.

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