Here are selected data for wilson company: estimated manufacturing overhead $ 247 comma 760$247,760 factory utilities $30,200 estimated labor hours 35,000 indirect labor $22,400 actual direct labor hours 36,000 sales commissions $53,700 estimated direct labor cost $ 326 comma 000$326,000 factory rent $47,700 actual direct labor cost $ 320 comma 400$320,400 factory property taxes $28,100 factory depreciation $65,400 indirect materials $33,000 if the company allocates manufacturing overhead based on direct labor cost, what are the allocated manufacturing overhead costs

Allocated overhead= $254,880

Explanation:

Giving the following information:

Estimated manufacturing overhead $247,760

Factory utilities $30,200

Estimated labor hours 35,000

Indirect labor $22,400

Actual direct labor hours 36,000

Sales commissions $53,700

Estimated direct labor cost $326,000

Factory rent $47,700

Actual direct labor cost $ 320400

Factory property taxes $28,100

Factory depreciation $65,400

Indirect materials $33,000

First, we need to calculate the manufacturing overhead rate:

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

manufacturing overhead rate= 247760/35000= $7.08 per direct labor hour

Now, we can determine the allocated overhead

Allocated overhead= manufacturing overhead rate* actual hours= 7.08*36000= $254,880

i believe it’s b because the rest don’t make sense

answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.