Answer:
$81,450
Explanation:
The computation of the company's manufacturing overhead cost for the year was given below:
Predetermined overhead rate is
= ($423,660) ÷ 61,400 direct labor hours
= $6.90
And,
Actual overhead cost = $492,000
Now
Applied overhead cost is
= 59,500 × $6.90
= $410,550
So, the overhead underapplied by
= $492,000 - $410,550
= $81,450
Answer:
The answers already match :)
Explanation:
Answer:
$92,000
Explanation:
Calculation for By how much is retained earnings reduced by the property dividend
Using this formula
Reduction in Retained earnings=(Boxer stock outstanding/Declared property dividend )×King stock market price)
Let plug in the formula
Reduction in Retained earnings=(46,000/10 shares ) x $20
Reduction in Retained earnings= $92,000
Therefore By how much is retained earnings reduced by the property dividend is $92,000
Answer:
competition based pricing
Explanation:
When a company engages in a competition based pricing strategy, they will set the price of their products or services taking based on the price of their main or direct competitor. The product or service provided by the competitor is used to benchmark both the price and quality of the goods and services offered by the company.
For example, Coca Cola products are used as a price reference for all the soda products sold by other companies.