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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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Complete Question:

An employee has a claim on the cash flows of Martin's Machines. This claim is defined as a claim by one of the firm's:

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Answer:

E. stakeholders.

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Because you plan to use up all the funds in your account after 21 equal amount withdrawals after retirement, total present value <em>(at the time you retire not now)</em> of these withdrawals <em>(discounted at 6.5%)</em> have to be equal to the value of your invesment 10 years from now, or:

2,116,884.57 = C/(1+6.5%) + C/(1+6.5%)^2 + … + C/(1+6.5%)^21, with C is the amount you plan to withdraw each year.

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