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kupik [55]
3 years ago
13

Grib Corporation uses a predetermined overhead rate based on direct labor cost to apply manufacturing overhead to jobs. The pred

etermined overhead rates for the year are 200% of direct labor cost for Department A and 50% of direct labor cost for Department B. Job 436, started and completed during the year, was charged with the following costs: Department A Department B Direct materials $50,000 $10,000 Direct labor ? $60,000Manufacturing overhead $80,000 ?The total manufacturing cost assigned to Job 436 was:_________A) $360,000B) $390,000C) $270,000D) $480,000
Business
1 answer:
gregori [183]3 years ago
8 0

Answer:

$270,000

Explanation:

Calculation of total manufacturing cost assigned to Job 436

Direct Materials

Dept A                                                   $50,000

Dept B                                                    $10,000

Direct Labor

Dept A      ($80,000 x 1/2)                   $40,000

Dept B                                                   $60,000

Manufacturing Overheads

Dept A                                                   $80,000

Dept B   ($60,000 x 50%)                    $30,000

Total                                                     $270,000

Therefore,

The total manufacturing cost assigned to Job 436 was $270,000.

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Explanation:

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Answer:

The contract would be described as <em>International Contract.</em>

Explanation:

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8 0
3 years ago
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Answer:

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An increase in demand will result in a corresponding increase in price, and results in firms making high profits. In the diagram below it results in a shift of demand from D1 to D2.

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