Compute the cost of 1,000 gallons of each flavor of ice cream using the department allocation rates computed in requirement (b) if the number of machine-hours for 1,000 gallons of each of the three flavors of ice cream are as follows: Strawberry Vanilla Chocolate
Direct labor (per 1,000 gallons) $766 $841 $1,141
Raw materials (per 1,000 gallons) 816 516 616

Required:
If the number of hours of labor per 1,000 gallons is 60 for strawberry, 70 for vanilla, and 100 for chocolate, compute the total cost of 1,000 gallons of each flavor using plantwide allocation.

As you did not include the departmental allocation rate calculated or the question relating to it, I shall provide an allocation rate and you can relate this with your assignment.

Assume the allocation rate is $3.00

Labor, raw materials and overhead cost allocation hours are given in terms of 1,000 gallons already.

Cost of Strawberry:

= Direct labor + Raw materials + Overhead cost

= 766 + 816 + (60 hours * $3.00 allocation)

= 766 + 816 + 180

= $‭1,762‬

Cost of Vanilla:

= 841 + 516 + (70 * 3)

= 841 + 516 + 210

= $1,567

Cost of Chocolate:

= 1,141 + 616 + (100 * 3)

= 1,141 + 616 + 300

= $2,057

answer; /// i believe the correct answer is ( column break);

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know