Answer: See explanation
Explanation:
a. Calculate the predetermined overhead rate Overhead Rate per hour
Predetermined Overhead rate will be the estimated total manufacturing overhead divided by the estimated total direct labor hours. This will be:
= $ 921,600/51,200
= $ 18
(b) Calculate how much manufacturing overhead will be applied to production
Manufacturing overhead that'll be applied to production will be the predetermined overhead rate multiplied by the actual total direct labor hours. This will be:
= $ 18 × 48,900 direct labor hours
= $ 880,200
(c) Is overhead over- or underapplied? By how much?
The Actual Overhead Incurred = $902,900 while the manufacturing overhead applied = $880,200. This shows that overhead is underapplied due to the fact that manufacturing overhead applied is less than the actual overhead that is incurred.
Therefore, the amount of overhead that was underapplied will be:
= $ 902,900 - $ 880,200
= $ 22,700
(d) What account should be adjusted for over-or underapplied overhead? Should the balance be increased or decreased?
Based on the scenario in the question and the answers calculated, the cost of goods sold should be increased.
A depository institution is a financial institution in the United States.
Answer: where is the question
Explanation:
Answer:
The retirement costs are rising faster than social security benefits .
Explanation:
The various costs related to retirement are:
- The travelling costs can increase as the retired people tend to travel often in their idle time.
- The costs related entertainments increase as they have time to engage in their hobbies
- Socialization costs: Socialization ends with eating out alot and this affects the wallet
- Health insurance premiums
- Medical expenses are increasing at a tremendous rate
- Long term care : Continuing long term care is proving to be quite expensive for retired people
Answer:
If a coworker just brought you a union leaflet urging employees to sign an authorization card, the questions needed to ask him will be:
1. How the authorization card work.
2. What does it necessarily mean if one signs the authorization card
3. The next steps after signing the authorization card and what to expect as the end result.
4. If signing the card automatically makes one to become a member of the union.
