Spencer inc. applies overhead to production at a predetermined rate of 80% based on direct labor cost. job no. 130, the only job still in process at the end of august, has been charged with manufacturing overhead of $5,000. what was the amount of direct materials charged to job 130 assuming the balance in work in process inventory is $20,000?

Russell's is considering purchasing $697,400 of equipment for a four-year project. the equipment falls in the five-year macrs class with annual percentages of .2, .32, .192, .1152, .1152, and .0576 for years 1 to 6, respectively. at the end of the project the equipment can be sold for an estimated $135,000. the required return is 13.2 percent and the tax rate is 23 percent. what is the amount of the aftertax salvage value of the equipment assuming no bonus depreciation is taken