Answer:
Answer is a) debit, actual
Manufacturing Overhead account has a debit balance and applied manufacturing overhead is greater than the actual manufacturing overhead
Explanation:
Overheads are applied to product costs using budgeted overhead rates. Budgeted rates are used because the delays in obtaining actual overhead affects timeous product valuation for profit purposes
Over applied situation occurs when the applied overheads exceeds the actual manufacturing overhead.
<em>The Manufacturing Overhead Account will have the following entries:</em>
Transfer to work in Progress figure - credit (with applied overheads)
Bank - debit (actual overhead)
Balancing figure or shortfall - debit (over-applied)
We are asked to solve for the cross rate of swiss francs to euros and we are given with the following values:
swiss francs to dollar ----> 1.41 = $1.00
Euro to dollar ------> 0.64 = $1.00
Solving for swiss francs to euro is shown below:
swiss francs / euro = 1.41 / 0.64
swiss francs = 2.2 euro
1 swiss francs = 2.2 euro
Answer:
8.5
Explanation:
The company interest expense is $26,000
The income tax is $221,000
The net income is $106,100
Therefore the company times interest earned ratio can be calculated as follows
= Income tax/interest expense
= 221,000/ 26,000
= 8.5
Hence the company times interest earned ratio is 8.5
Answer:
Stars are companies that possibly have a huge growth potential. This potential comes from being in a market that is growing rapidly, but at the same time, the division or products has a significant market share. It is basically the best scenario since the market is growing, the company's market share is growing, and profits should also be growing.
The four factors of production are land, labor, capital and entrepreneurship. These factors influence economic growth, innovation and consumer habits.
Combining different material and immaterial inputs to create something for consumption is the process known as production. It is the process of producing an output, a good, or a service that has value and enhances people's utility.
Directly resulting from the productive use of the initial inputs is the production process and output. Land, labor, and capital are regarded as the three primary production factors, or primary producers of goods or services. In the output process, neither the primary inputs nor the output product are significantly changed.
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