Job 140 Requires $12,000 of Direct Materials,$6,700 of Direct Labor,550

question 288

Multiple Choice

Job 140 requires $12,000 of direct materials,$6,700 of direct labor,550 direct labor hours,and 270 machine hours.It also requires 9 hours of inspection at $40 per hour.Manufacturing overhead is computed at $28 per direct labor hour used and $42 per machine hour used.
The total amount of overhead allocated is

• A)$34,100.
• B)$26,740.
• C)$45,440.
• D)$15,400.

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Definitions:

Excess Demand

A situation in which the demand for a product or service surpasses its supply in a market, often leading to price increases.

Market Equilibrium

A situation where the quantity of a good or service supplied equals the quantity demanded at a specific price level.

Excess Demand

A scenario in which the current price of a product or service leads to a demand that surpasses its available supply.

Excess Supply

Occurs when the quantity of a good or service offered by producers exceeds the quantity demanded by consumers at the current price.