Botosan Factory has budgeted factory overhead for the year at $453,120, and budgeted direct labor hours for the year are 384,000. If the actual direct labor hours for the month of May are 349,400, the overhead allocated for May is

$492,292

Explanation:

Given:

Budgeted overhead=$453,120

Budgeted direct labour hours=384,000

Actual labour hours for may=349,400

Solution

Overhead absorption rate=Budgeted overhead/budgeted direct labour hours

Overhead absorption rate=$453,120/384,000

=$1.18

Overhead allocation for may= overhead absorption rate× actual labour hours for may

Overhead allocation for may=$1.18 × 349,400

= $492,292

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi