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3 years ago

Overapplied manufacturing overhead would result if:

1 answer:

4 0

Manufacturing overhead describes the difference between manufacturing overhead cost applied to work in process and manufacturing overhead cost actually incurred during a period.
Over-applied manufacturing overhead would result if the manufacturing overhead cost applied to work in process is more than the manufacturing overhead cost actually incurred during a period. So, in over-applied overhead the applied overhead is bigger than the actual overhead.

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Zach Company owns 40% of the voting stock of Tomas Corporation and uses the equity method in recording this investment. Tomas Co

Anna71 [15]

Credit to the investment account for $8,000. The consolidated financial statements would therefore be necessary once one firm acquired 50% or more of the voting capital of another company. A parent-subsidiary relationship is created as a result of consolidation, with the parent business assuming ownership of the stock.

Investment account:

When you consider investing, a cash account is likely the type of Investment account that comes to mind. You fund a cash brokerage account by making a deposit, and you then utilise the money to purchase securities.

Cash and assets (stocks, bonds, ETFs, mutual funds, etc.) that you buy and sell to reach your financial objectives are kept in an investment account. Trading accounts for individual investors are managed by dealers and their representatives who are registered investment advisors.

There are four basic asset classes, or investment categories, from which you can select. Each has unique qualities, dangers, and advantages.

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2 years ago

The financial statements of Seldin, Inc., provide the following information for the current year: Dec.31 Jan.1 Accounts receivab

Anastasy [175]

Answer:

a. $133,000

Explanation:

Computation of inventory purchased

Beginning ($51,000)

Cost of goods sold $130,000

Ending $55,000

Purchases during the year $134,000

Computation of amount paid for purchases

Beginning payable $32,000

Purchase during the year $134,000

Ending payable ($33,000)

Cash payments for purchases of merchandise $133,000

4 0

3 years ago

The following is the only information pertaining to Kane Co.âs defined benefit pension plan:Pension asset, January 1, Year 1 $ 2

Mnenie [13.5K]

Answer:

option (a) is correct answer '$ 7,000 overfunded'

Explanation:

Data:

Pension asset, January 1, Year 1 = $ 2,000

Service cost = $ 19,000

Interest cost = $ 38,000

Actual and expected return on plan assets = $ 22,000

Amortization of prior service cost arising in a prior period = $ 52,000

Employer contributions = $ 40,000

Total expenses = Service cost + Interest cost = $ 19,000 + $ 38,000

= $ 57000

Now,

projected benefit obligation (PBO) = (Pension asset + Actual and expected return ) - Total expenses

projected benefit obligation (PBO)

= $ 2,000 + $ 22,000 + $ 40,000 - $ 57000

overfunded projected benefit obligation (PBO) = $ 7,000

hence,

option (a) is correct answer '$ 7,000 overfunded'

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3 years ago

In the MBTI, which dimension relates to the manner in which you gather information?

lesya [120]

Answer:

In MBTI, the Sensation/Intuition relates to how we gather information.

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MBTI stands for Myers-Briggs Type Indicator. MBIT use to increase the productivity of a person.

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Sensation/intuition A physical sensation or perception resulting from something that comes into contact with the body or happens to it.

some people feel uncomfortable with the touch of others.

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3 years ago

Job shops in manufacturing use specialized equipment. a. true b. false

anastassius [24]

The statement is false.

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A small business that makes an unmarried product or a small quantity of a product for one purchaser at a time: people who paint in activity shops are usually multi-skilled due to the fact the paintings call for it.

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3 0

1 year ago