following are simplified job cost sheets for three custom jobs at the end of june for custom patios. job number 102 materials $ 30,000 labor 13,000 overhead 5,720 job number 103 materials $ 53,000 labor 27,500 overhead 12,100 job number 104 materials $ 46,000 labor 43,000 overhead 18,920 all jobs were started in june. overhead is applied with a predetermined rate based on direct labor cost. jobs 102 and 103 were finished in june, and job 104 will be finished in july. 1. what was the total cost of direct materials requisitioned in june? 2. how much total direct labor cost was incurred in june? 3. how much total cost is transferred to finished goods inventory in june?

Minneapolis federal reserve bank economist edward prescott estimates the elasticity of the u. s. labor supply to be 3. given this elasticity, what would be the impact of funding the social security program with tax increases on the number of hours worked and on the amount of taxes collected to fund social security?

Select the word from the list that best fits the definition sometimes

Sweeten company had no jobs in progress at the beginning of march and no beginning inventories. the company has two manufacturing departments--molding and fabrication. it started, completed, and sold only two jobs during march—job p and job q. the following additional information is available for the company as a whole and for jobs p and q (all data and questions relate to the month of march): molding fabrication total estimated total machine-hours used 2,500 1,500 4,000 estimated total fixed manufacturing overhead $ 10,000 $ 15,000 $ 25,000 estimated variable manufacturing overhead per machine-hour $ 1.40 $ 2.20 job p job q direct materials $ 13,000 $ 8,000 direct labor cost $ 21,000 $ 7,500 actual machine-hours used: molding 1,700 800 fabrication 600 900 total 2,300 1,700 sweeten company had no underapplied or overapplied manufacturing overhead costs during the month. required: for questions 1-8, assume that sweeten company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. for questions 9-15, assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. 1. what was the company’s plantwide predetermined overhead rate? (round your answer to 2 decimal places.) next