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
Gre4nikov [31]
4 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]4 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

You might be interested in
During year five, estimated tax payments of$225,000 were paid and debited to prepaidtaxes. There were no differences betweenfina
irakobra [83]

Answer:

a. 710,000

Explanation:

Current assets are calculated as follows:

Cash: $185,000

Accounts receivable, net $725,000

Recall that a loyal customer is to make semi-annually payments of $100000 into to the tune of $400,000 accounts receivable. For the year five balance sheet, the reclassification of o/s receivable will therefore be $200000

Therefore Total current assets = $185,000+ $725,000 - $200000 = $710,000

In JB Company's December 31, year five Balance Sheet $710,000 should be reported as current assets.

7 0
3 years ago
EvenFlo Pipes forecasts a small increase in sales next year. To achieve this growth in sales, however, the firm must purchase an
TEA [102]

Answer: a. The firm must purchase lumpy assets to achieve the increase in sales.

Explanation:

EvenFlo Pipes needs to sell more pipes in order to see an increase in sales. Assuming they are the producers, they will need to produce more pipes than they have been doing and this will need them to increase their production capacity.

To do so they would have to invest in fixed assets as these are what produce pipes. This is why the firm will have to purchase lumpy assets that will help them produce and sell more pipes.

3 0
3 years ago
When faced with a conflict, police officers should?
mihalych1998 [28]
<span>Policy officers should try to de-escalate the situation to avoid violence whenever possible. Therefore, officers should avoid aggressive approaches or intimidation and should instead be non-confrontations. Physical force should be reserved as an absolute last resort.</span>
4 0
3 years ago
Read 2 more answers
Another term for trade balance​
cestrela7 [59]

Answer:

Another term for trade balance would be trade deficit.

5 0
3 years ago
Read 2 more answers
Andrew bryant of the new york times interviewed the ceo of aruba networks, who said he valued a mentor he had at hewlett packard
Dafna11 [192]
The CEO was describing a former mentor who empowered his employee.  Dynamic pioneers today give workers the expert and duty to settle on choices all alone. This is the embodiment of strengthening. The administration mentors and prompts representatives, as opposed to coordinating their work.
8 0
4 years ago
Read 2 more answers
Other questions:
  • An international organization created in 1958 to make trade easier among member nations:
    7·2 answers
  • Publix, a southeastern grocery store chain, has signs saying that tips are not accepted and employees are all informed of this p
    11·1 answer
  • Evelyn took out a car loan for $16,125 that has a 0% APR for the first 14 months and will be paid off with monthly payments over
    9·1 answer
  • N industry consists of three firms with sales of $360,000, $650,000, and $265,000.
    11·1 answer
  • ou currently own $100,000 worth of Wal-Mart stock. Suppose that Wal-Mart has an expected return of 14% and a volatility of 23%.
    15·1 answer
  • "________ are a form of product that consists of activities, benefits, or satisfactions offered for sale that are essentially in
    11·1 answer
  • Suppose that the administration in charge of the government proposes increasing spending on infrastructure. Assume that everythi
    15·1 answer
  • 4. Labour Institutions Act(10MKS)
    10·1 answer
  • You get a $3,000 loan at 9% interest for 120 days. The lender uses a 365-day year. How
    9·1 answer
  • Which of the following is an example of a human resource?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!