Answer:
D.$400 over allocated
Explanation:
For computing the over-allocated or under-allocated amount, first, we have to determine the predetermined overhead rate which is shown below:
Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)
= $371,000 ÷ 180,000 hours
= $2.06
Now we have to find the actual overhead which equals to
= Actual direct labor-hours × predetermined overhead rate
= 190,000 hours × $2.06
= $391,400
So, the ending overhead equals to
= Actual manufacturing overhead - actual overhead
= $391,000 - $391,400
= $400 over - applied
Answer:
Date General Journal Debit Credit
Sept 15 Stock dividend $2,342,400
(1,200,000*8%*24.4)
Common Stock dividend distributable $480,000
(1,200,000*8%*5)
Paid in capital in excess of par- $1,862,400
Common Stock
Oct 1 No Journal entry
Oct 10 Common Stock dividend $480,000
distributable
Common Stock $480,000
Answer:
In France:
Farmer can produce = 10 metric tons of grain or 5 metric tons of dates in a season
In Mali:
Farmer can produce = 10 metric tons of grain or 25 metric tons of dates.
(1) Mali has the absolute advantage in producing dates because Mali produces more metric tons of dates than France from the same level resources.
(2) No country has an absolute advantage in producing grain because same amount of grain were produced by both the countries with the same level of resources.
(3) Opportunity cost of dates in France =
= 2 grain
Opportunity cost of dates in Mali = 
= 0.4 grain
Therefore, Mali's opportunity cost of producing dates is lower than France, so Mali has a comparative advantage in producing dates.
(4) Opportunity cost of grain in France =
= 0.5 dates
Opportunity cost of grain in Mali =
= 2.5 dates
Therefore, France's opportunity cost of producing grains is lower than Mali, so France has a comparative advantage in producing grains.
The managers get things done by using organizational resources such as: such as:
- equipment
- workers
- information
<h3>What is an art of getting things done?</h3>
These involves the act of directing, organizing, coordination and guiding the organizational processes to achieve organizational goals.
Therefore, the Option A, B, D is correct.
Read more about organizational resources
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Answer:
This problem requires us to pass journal entry to assign overhead to the Assembly and Finishing Departments.
We know that overhead is allocated on estimation basis through applied overhead account. The basis of assignment is given in the question. The overhead will be assigne/recorded in relevant department work in process cost account. The journal entry is given below.
Debit Assembly WIP Account $ 70,720
(44,200*1.6 = 70.720)
Debit Finishing WIP Account $ 28,000
((62,200-44,200)*1.6 = 28,800)
Credit Factory Overhead applied Account $ 99,520