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Milken Inc. produces multi-colored lens for the astrological telescope industry. The planned production budget for the next few months is: July 5,500 lens, August 7,400,
Milken Inc. produces multi-colored lens for the astrological telescope industry. The planned production budget for the next few months is: July 5,500 lens, August 7,400, September 8,200, October 8,200. Each lens requires 1.9 hours of grinding labor (paid $10 per hour) and 2.2 hours of polishing labor (paid $20 per hour). How many total labor hours will be budgeted for September? 0 8,200 0 15,580 0 18,040 0 33,620 Tesla, Inc. had the following costs in the current quarter based on which they are doing an analysis. Direct materials used Direct labor incurred (7,200 hours) Actual manufacturing overhead incurred $195,900 $247,800 $280,100 Elon Musk, Tesla's CEO used a predetermined overhead rate using estimated overhead of $360,800 and 8,800 estimated direct labor hours. Assume the only inventory balance is an ending Finished Goods balance of $9,500. How much overhead was applied during the quarter? Multiple Choice 0 $247,800 0 $280,100 0 $295,200 0 $360,800
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