Everlast Co. manufactures a variety of drill bits. The company's plant is partially automated. The budget for the year includes $432,000 payroll for 4,800 direct labor-hours. Listed below is cost driver information used in the product-costing system:
A current product order has the following requirements:
Using ABC, how much total overhead is assigned to the order?
Definitions:
Equilibrium Point
In economics, the point at which the supply and demand curves intersect, indicating the price at which the quantity supplied equals the quantity demanded.
S And D Curves
Graphical representations of the supply and demand in a market, showing how quantity supplied and quantity demanded vary with price.
Total Amount
The entirety or sum total of units, numbers, or quantities considered or calculated.
Equilibrium Price
The price at which the quantity of a good or service demanded by consumers matches the quantity supplied by producers, resulting in market balance.
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