Morataya corporation has two manufacturing departments--machining and assembly. the company used the following data at the beginning of the year to calculate predetermined overhead rates: machining assembly total estimated total machine-hours (mhs) 7,000 3,000 10,000 estimated total fixed manufacturing overhead cost $ 39,200 $ 6,600 $ 45,800 estimated variable manufacturing overhead cost per mh $ 1.90 $ 2.10 during the most recent month, the company started and completed two jobs--job b and job g. there were no beginning inventories. data concerning those two jobs follow: job b job g direct materials $ 14,800 $ 8,300 direct labor cost $ 22,000 $ 8,900 machining machine-hours 4,800 2,200 assembly machine-hours 1,200 1,800 assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. the amount of manufacturing overhead applied to job b is closest to: (round your intermediate calculations to 2 decimal places.)

$39,240

Explanation:

Total variable cost:

= (variable manufacturing overhead cost per MH × Estimated total machine-hours) of machining and Assembly

= (1.9 × 7000 + 2.1 × 3000)

= $19,600

                                 = 6.54

Overhead applied to machine B:

=  Overhead rate × Machining machine-hours(4,800 + 2,200)

= 6.54 × 6,000

= $39,240

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know