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Lostsunrise [7]
1 year ago
10

Joan borrowed $10,000 from a relative to start her own business. Assuming she takes all responsibility for the company's financi

al risks, the company is most likely a
Business
1 answer:
iVinArrow [24]1 year ago
4 0

Answer:

sole proprietorship

Explanation: im guessing

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What is the balance of the manufacturing overhead account and is overhead underapplied or overapplied at the end of the year?.
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The balance of the manufacturer overhead account is Credit of $30,000, overapplied.

  • credit of $30,000, overapplied.

<h3>Underapplied Overhead vs. Overapplied Overhead</h3>

Underapplied overhead is the opposite of overapplied overhead. Overapplied overhead occurs when expenses incurred are actually less than what a company accounts for in its budget. This means that a company comes in under budget and achieves a lower amount of overhead costs during the accounting period.

Therefore, the correct answer is as given above.

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