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Gre4nikov [31]
3 years ago
15

Acton Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its m

ost recent year of operations. Estimated manufacturing overhead $361,260 Estimated machine-hours 2,700 Actual manufacturing overhead $354,700 Actual machine-hours 2,660 The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the purpose of computing the company's predetermined overhead rate for the year. The overhead for the year was: Noreen 4e Recheck 2017-16-03a) $5,352 underappliedb) $5,352 overappliedc) $1,208 underappliedd) $1,208 overapplied
Business
1 answer:
STALIN [3.7K]3 years ago
6 0

Answer:

Acton Corporation

The overhead for the year was:

$1,208 overapplied

Explanation:

a) Data and Calculations:

Estimated manufacturing overhead $361,260

Estimated machine-hours 2,700

Predetermined overhead rate = $361,260/2,700 = $13.38

Actual manufacturing overhead $354,700

Actual machine-hours 2,660

Overhead applied = Actual machine hours * Predetermined overhead rate

= 2,660 * $13.38

= $355,908

Overapplied overhead = Overhead applied minus Actual overhead

= $355,908 - $354,700

= $1,208

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Answer:

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As we know that

Adjusted cash balance is = Cash ending balance - NSF Checks - Service charge

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And we do not considered the other two items as they are not impact the cash balance

Basically we applied the above formula

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Answer:

D. the combinations of output and the interest rate where the goods market is in equilibrium.

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This means that, every point on the IS curve is an income/real interest rate pair (Y,r) such that the demand for goods is equal to the supply of goods(Qs=Qd) or equivalently, the desired national saving is equal to desired investment.

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    Cr Gain on sale of inventory 70,800

Dr Gain on sale of inventory 70,800

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    Cr Cogley, capital 23,600

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Dr Accounts payable 258,000

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Dr Kendra, capital 112,100

Dr Cogley, capital 196,175

Dr Mei, capital 146,025

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Dr Cogley, capital 22,800

Dr Mei, capital 11,400

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Dr Accounts payable 258,000

    Cr Cash 258,000

Dr Kendra, capital 42,400

Dr Cogley, capital 149,775

Dr Mei, capital 122,825

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Dr Mei, capital 14,233

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Dr Accounts payable 258,000

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Dr Cogley, capital 64,508

Dr Mei, capital 80,192

    Dr Cash 144,700

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