Use the Information Below to Answer the Following Question(s)

question 296

Multiple Choice

Use the information below to answer the following question(s) .
Job 2908 requires $12,000 of direct materials, $5,500 of direct labour, 500 direct labour hours, and 250 machine hours. It also requires 9 hours of inspection at $40 per hour. Manufacturing overhead is computed at $25 per direct labour hour used and $45 per machine hour used.
-The total amount of overhead allocated to Job 2908 is

• A) $23,750.
• B) $30,000.
• C) $41,250.
• D) $12,500.

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Market Value

The price at this moment for buying or selling an asset or service in the market.

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Shares of a company that exhibit significant fluctuations in price over short periods of time due to various factors.