Maple Company uses a job costing system. Maple Company's schedule of cost of goods manufactured showed the following amounts for the month ended August 31. 
Manufacturing overhead cost is allocated at the rate of $13 per direct labor hour.
What is the amount of allocated manufacturing overhead costs for August?
Definitions:
T-bond Futures
Financial contracts obligating the buyer to purchase U.S. Treasury bonds at a specified price at a future date, used for hedging and investment purposes.
Cross-hedge
A hedging strategy using a contract that has price movements correlated with, but not identical to, the asset being hedged.
Long Futures Contract
An agreement to buy a particular commodity or financial instrument at a predetermined price at a specified time in the future, indicating the buyer's bullish outlook.
Asset Price
The current market value or price at which an asset, such as a stock, bond, or commodity, can be bought or sold.
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