Ashland Corporation estimates its manufacturing overhead costs to be $160,000 and its direct labor costs to be $320,000 for 2020. The actual manufacturing labor costs were $80,000 for job 1, $120,000 for job 2 and $160,000 for job 3 during 2020. Manufacturing overhead is applied to jobs on the basis of direct labor costs using a predetermined overhead rate. The actual manufacturing overhead cost for the year was $172,000.The amount of overhead assigned to Job 3 during 2020 was:
A. $71,110.
B. $160,000.
C. $320,000.
D. $80,000.
Answer: D
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What is the correct formula for B7 to find the cost of new common equity using the constant growth dividend discount model?
a) =B5+B4*B6
b) =B1/B3+B2
c) =B3/B1+B2
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e) =B5+B4*(B6-B5)*(1-B4)
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