1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Rom4ik [11]
2 years ago
13

Compute predetermined overhead rates and explain why estimated overhead costs (rather than actual overhead costs) are used in th

e costing process.
Business
1 answer:
Crazy boy [7]2 years ago
6 0

Why estimated overhead costs (rather than actual overhead costs) are used in the costing process is explained below.

A predetermined cost is an expenditure that a company estimates ahead of time.

This cost is calculated prior to the purpose of production and includes all variable costs that affect production in a manufacturing business.

Actual overhead costs are difficult to calculate for each job, especially in a production environment with a large number of jobs.

As a result, overhead costs are allocated according to some standardized methods, which may link overhead costs to direct labor, machining time, and material used in each job.

Manufacturing overhead in a manufacturing organization refers to indirect costs that are required for production but cannot be traced back to individual products.

Machine depreciation and factory rental are two examples of manufacturing overhead costs.

Hence, computation of predetermined overhead rates is given above.

Learn more about overhead:

brainly.com/question/26082424

#SPJ4

You might be interested in
During the four quarters for 2017, the Browns received two quarterly dividend payments of $0.18, one quarterly payment of $0.20,
Doss [256]

Answer:

$210.60

Explanation:

The total dividend income is shown below:

= Number of shares owned × quarterly dividend × two +  Number of shares owned × quarterly dividend +  Number of shares owned × quarterly dividend

= 270 shares × $0.18 × 2 + 270 shares × $0.20 + 270 shares × $0.22

= $97.20 + $54 + $59.40

= $210.60

Simply we considered all the quarterly payments and multiplied with the number of shares owned

7 0
3 years ago
In a certain town, 60% of the households have broadband internet access, 30% have at least one high-definition television, and 2
DIA [1.3K]

There will be 30% of houses without fibre optic internet connectivity or high-definition television.

Groups of components with definite definitions are called sets. A curly bracket serves as a symbol for the number of objects in a finite set.

To choose a subset from a set and draw a conclusion using statistical analysis, use random sampling.

In one town, 20% of homes have both fiber-optic internet connectivity and at least one high-definition television, whereas 40% of homes have one or the other.

The percentage of residences without fibre optic internet connectivity or high-definition television is as follows:

P = 100% - [60% + 30% - 20%]

P = 100% - (90% - 20%)

P = 100% - 70%

P = 30%

30% of houses will not have fibre optic internet connectivity or high-definition television.

learn more about  high-definition television here

brainly.com/question/28535624

#SPJ4

7 0
1 year ago
Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, th
melomori [17]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Baka Corporation applies manufacturing overhead based on direct labor-hours.

The company based its predetermined overhead rate on total estimated overhead of $243,300 and 8,300 estimated direct labor-hours.

Actual manufacturing overhead for the year amounted to $244,400 and actual direct labor-hours were 5,800.

To determine the over or under application of manufacturing overhead, first, we need to calculate the predetermined manufacturing overhead rate:

predetermined manufacturing overhead rate= total estimated manufacturing overhead for the period/ total amount of allocation base

predetermined manufacturing overhead rate= 243,000/8,300= 29.28

Now, we can calculate the allocated overhead:

Allocated manufacturing overhead= predetermined manufacturing overhead rate* actual hours= 29.28*5800= $169,824

Finally, we can determine the under or over allocation:

Under/over allocation= real manufacturing overhead - allocated manufacturing overhead= 244400 - 169824= $74,576 underallocated

4 0
3 years ago
The following information is available for Blue Spruce Corp. for 2021:
Andru [333]

Answer:

  • Other Comprehensive income = $37,500
  • Comprehensive income = $154,500

Explanation:

Other comprehensive income:

= Realized gain on sale of available-for-sale debt securities  + Unrealized holding gain arising during the period on available-for-sale debt securities - Reclassification adjustment for gains included in net income

= 11,000 + 34,000 - 7,500

= $37,500

Comprehensive income = Net income + Other comprehensive income

= 117,000 + 37,500

= $154,500

6 0
3 years ago
When banks provide information about savings accounts, they typically quote the interest rates they offer (e.g. 1%) on a...
ra1l [238]

Answer:

D. Annual basis

Explanation:

Banks and other financial institutions typically quote interest rates that they pay for deposits on an annual basis. This is to say, the quote the effective rate that is compounded annually, even if the interest is paid monthly, daily, quaterly, or semi-annually.

6 0
3 years ago
Other questions:
  • Healthy Foods just paid its annual dividend of $2.90 a share yesterday. The firm recently announced that all future dividends wi
    8·1 answer
  • Describe an example of a company that manufactures a product.
    14·1 answer
  • When Ingrid was selling her house, she contacted Gabe, her real estate agent, to help her with the sale. Gabe's services include
    5·1 answer
  • Which of the following is the most likely strategy for a U.S. firm that will be receiving Swiss francs in the future and desires
    5·1 answer
  • How can a change in income shift a demand for goods?
    13·1 answer
  • Which of the following is NOT correct?Select one:a. Finance companies are not allowed to accept deposits.b. Finance companies ar
    10·1 answer
  • Potential problems with incentive based compensation are a. ​not evaluating the relevant performance measures b. ​rewarding outc
    8·1 answer
  • Explain why it is true that for a firm in a perfectly competitive​ market, the​ profit-maximizing condition MR​ = MC is equivale
    7·1 answer
  • The fifth step of the interview process is:
    8·1 answer
  • Which of the following is least likely to be a theme in a novel about young people going to war?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!