MNO Corporation uses a job-order costing system with a predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: Total estimated direct labor-hours 50,000 Total estimated fixed manufacturing overhead cost $285,000 Estimated variable manufacturing overhead per direct labor-hour $3.80 Recently, Job P123 was completed with the following characteristics: Total actual direct labor-hours 20 Direct materials $710 Direct labor cost $500 The amount of overhead applied to Job P123 is closest to

Allocated MOH= $174

Explanation:

Giving the following information:

Total estimated direct labor-hours 50,000 Total estimated fixed manufacturing overhead cost $285,000 Estimated variable manufacturing overhead per direct labor-hour $3.80

Job P123:

Total actual direct labor-hours 20

First, we need to calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= (285,000/50,000) + 3.8

Estimated manufacturing overhead rate= $8.7 per direct labor hour.

Now, we can allocate overhead to Job P123:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 8.7*20= $174

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.

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