Requirement 3. How much manufacturing overhead was incurred during the year? Is manufacturing overhead underallocated or overal
located at the end of the year? By how much? (
1 answer:
Answer:
hello your question lacks the required data attached is the required data
answer : A) $513500,
B) manufacturing overhead is under allocated by $57500
Explanation:
A) How much Manufacturing overhead was incurred during the year
= depreciation on manufacturing plants and equipment + property taxes on plant + plant janitors wages
= $485000 + $19000 + $9500 = $513500
B) Is manufacturing overhead under allocated or over allocated
to check if it is over allocated or under allocated we use this formula
= actual overheads - allocated overhead
= $513500 - $456000 = $57500
therefore manufacturing overhead is under allocated by $57500
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Answer:
0.25
Explanation:
The marginal rate of technical substitution (MRTS) can be described as the rate of a reduction is one factor to maintain the same production level when another factor is increased.
Given that labor is measured on the horizontal axis, the MRST of K for L can be calculated as follows:
Where;
MPK = Marginal product of capital = 2
MPL = Marginal product of labor = 8
Substituting the values into the equation, we have:
This implies that 0.25 of capital must be given up to have one unit of labor.