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lara [203]
3 years ago
6

Bernson Corporation is using a predetermined overhead rate that was based on estimated total fixed manufacturing overhead of $49

2,000 and 30,000 machine-hours for the period. The company incurred actual total fixed manufacturing overhead of $517,000 and 28,300 total machine-hours during the period. The amount of manufacturing overhead that would have been applied to all jobs during the period is closest to:
(A) $25,000
(B) $487,703
(C) $464,120
(D) $492,000
Business
1 answer:
loris [4]3 years ago
8 0

Answer:

(C) $464,120

Explanation:

The computation is shown below:

First, Calculate the predetermined overhead rate per hour which equals to

=  (Estimated Overhead cost ÷ estimated machine hours)  

= ($492,000 ÷ 30,000 hours)

= $16.4 per hour

So, the applied overhead equals to

=  Predetermined overhead rate per hour × actual machine hours

= $16.4 per hour × 28,300 hours

= $464,120

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Answer:

both the government control and the private sector exist

Explanation:

The mixed-market economies are economies that have primarily developed from the command economies, but have implemented market economy elements as well. In this type of economies we have a situation where the governments still have a very important role in the economy, while in the same time, the private businesses are also thriving. The government is usually in control of the most important and abundant natural resources, thus providing security for the country's people and economy. The private businesses are able to operate freely, and they collaborate with the government as a business partner., with both of them being dependent on each other.

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'The final step in recognizing the completion of production requires a company to debit Finished-Goods Inventory and credit Work-in-Process Inventory.

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Production is the process of making, harvesting, or creating something, or the quantity of something manufactured or harvested. An example of production is the manufacture of furniture. An example of production is harvesting corn for food. An example of production is corn production.

The economist classifies the factors of production into his four categories: land, labor, capital and entrepreneurship. The first element of production is land, which includes all natural resources used to produce goods and services.

Learn more about production brainly.com/question/16755022

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2 years ago
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Explanation:

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3 years ago
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Answer:

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3 years ago
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