Answer:
Overapplied overhead= $7,575 overapplied
Explanation:
<u>First, we need to allocate overhead costs based on actual hours: </u>
<u></u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 31.25*4,780
Allocated MOH= $149,375
<u>Now, the over/under allocation:</u>
Under/over applied overhead= real overhead - allocated overhead
Under/over applied overhead= 141,800 - 149,375
Overapplied overhead= $7,575 overapplied
Answer:
through profits, empowering sales force, and reducing costs
Explanation:
What is the list of answers?
This is secondary appraisal.
Primary appraisal is deciding the significance/importance of an event to your life, and secondary appraisal is considering how to cope with or take advantage of the situation.
Answer: d. Requires description of all significant accounting policies to be included as an integral part of the financial statements.
Explanation:
There are several accounting and valuation policies that a company can use when presenting its financial information for the year. Companies are meant to follow the policies that would most fairly represent their assets and liabilities.
When they pick these valuation methods, it is important that the people who study their financial statements know the valuation and accounting methods used so that they can understand the figures.
To this end, ASC Topic 235 requires that the company should include the significant accounting policies that it used as notes so that financial statement users understand how the company reached the figures it recorded.
