Weber Company purchases $55,000 of raw materials on account, and it incurs $62,100 of factory labor costs. Supporting records show that (a) the Assembly Department used $31,900 of raw materials and $38,200 of the factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs.

total cost for Assembly department is 131,220 and for finishing department is 85,240 and the factory overheads for assembly and finishind department respectively is 61,120 and 38,240

Explanation:

WEBER COMPANY        

 Production costs per department    

 Assembly  Finishing  total

raw material  $31,900  $23,100  $55,000  

labour cost  $38,200  $23,900  $62,100  

factory overheads  $61,120  $38,240  $99,360  

total cost  $131,220  $85,240  $216,460  

to calculate the factory overheads we take the amount for labour in a department and multiple it by 160% meaning for Assembly department it is 38200*160/100= 61120

they allow producers to sell their products more cheaply than foreign competitors. - ( c.)

answer; dividing net income by 1- t ;