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mario62 [17]
2 years ago
7

When overhead is underapplied, a _____ must be made to the Manufacturing overhead account to close it out. Multiple choice quest

ion. debit credit
Business
1 answer:
Serhud [2]2 years ago
3 0

When overhead is underapplied, a debit must be made to the Manufacturing overhead account to close it out. The direct labor costs that  incurrence of direct labor costs should be recorded by debiting Work in process account.)

<h3>What is direct labor costs?</h3>
  • The wages or salaries paid to workers who actually generate goods are referred to as direct labor costs. In other words, these costs represent what employers pay to employees who produce the goods that businesses sell.
  • Direct labor and direct labor costs have a slight distinction. The actual job that employees perform to create items is referred to as labor. The sum of money the employer pays the workers to do the work is referred to as labor costs.
  • It is possible to track down and assign direct labor costs to certain products. A direct laborer would be someone who welds all of the bicycle frames that leave the Schwinn factory, for instance. The frames he helps build can be directly linked to his efforts. As a result, the bike frames can also be held responsible for the expenses related to his job, such as wages, salary, and benefits.

To learn more about direct labor costs with the given link

brainly.com/question/10554097

#SPJ4

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One person’s spending becomes another person’s income. This statement is
Paha777 [63]

Answer:

d. the Circular Flow Model

Explanation:

Based on the information provided within the question it can be said that this statement is an example of the Circular Flow Model. This model (like mentioned in the question) illustrates the flow of cash from different people or company's in different industries. Where one person/company pays another, which takes it in as income and uses that to pay another company for what they need and so on.

8 0
3 years ago
Question 3 Fill in the blank: Curiosity, understanding context, having a technical mindset, data design, and data strategy are _
vladimir1956 [14]

When one is said to have curiosity, an ability to understand context, and a technical mindset, they have <u>analytical skills.</u>

<h3>What are analytical skills?</h3>

These are skills that allow a person to make decisions based on data that they are presented with.

They include skills such as curiosity, data design, data strategy, and an ability to understand context. These allow a person to look at data, and understand what to do with it.

In conclusion, option D is correct.

Find out more on data drive decisions at brainly.com/question/26064077.

8 0
1 year ago
Schultz Industries is considering the purchase of Arras Manufacturing. Arras is currently a supplier for Schultz, and the acquis
Aleksandr [31]

Answer:

$50.67 per share

Explanation:

using the discounted cash flow model, we can determine Arras's total value:

CF₀ = $7.6

CF₁ = $7.98

CF₂ = $8.379

CF₃ = $8.79795

CF₄ = $9.2378475

CF₅ = $9.699739875

CF₆ = $9.893734673

we must first find the terminal value at year 5 = $9.893734673 / (7% - 2%) = $197.874694

now we can discount the future cash flows:

firm's value = $7.98/1.07 + $8.379/1.07² + $8.79795/1.07³ + $9.2378475/1.07⁴ + $9.699739875/1.07⁵ + $197.874694/1.07⁵ = $7.458 + $7.319 + $7.182 + $7.048 + $6.916 + $141.081 = $177.004 million

the shareholders' share of the firm's value = $177.004 million - $25 million = $152.004 million

price per share = $152.004 million / 3 million shares = $50.668 ≈ $50.67 per share

7 0
3 years ago
A company has break-even sales of $200,000. If the company expects sales of $500,000, the margin of safety i is________.
zhuklara [117]

Answer:

Margin of safety = $300000

Explanation:

The margin of safety is the amount or units in excess of the break even level of sales or units. It is the region beyond the break even point and represents the profit for the business. Any units in excess of the break even point represents the margin of safety.

The margin of safety for the given question with expected sales of $500000 and break even sales of $200000 can be calculated as follows,

Margin of safety = 500000 - 200000  =  $300000

7 0
3 years ago
If the price of foam blanks used in surfboard production falls, what will happen in the market for surfboards?
kolezko [41]
Usually, this will cause a price deduction to get rid of available products..? plse, dbl..chk
3 0
3 years ago
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