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Nutka1998 [239]
3 years ago
9

Hilltop Manufacturing uses a predetermined manufacturing overhead rate based on direct labor hours to allocate manufacturing ove

rhead to jobs. Selected data about the company's operations follows:Actual manufacturing overhead cost $500,000Estimated manufacturing overhead cost $550,000Estimated direct labor cost $175,000Estimated direct labor hours 50,000Actual direct labor hours 60,000Estimated machine hours 40,000Actual machine hours 35,000By how much was manufacturing overhead overallocated or underallocated for the year?A) $50,000 underallocatedB) $160,000 overallocatedC) $100,000 underallocatedD) $50,000 overallocated
Business
1 answer:
Lelu [443]3 years ago
6 0

Answer:

B) $160,000 overallocated

Explanation:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

we calcualte the predetermined manufacturing overhead rate by distribution the expected overhead cost over the cost Driver.

<em>"Hilltop Manufacturing uses a predetermined manufacturing overhead rate based on direct labor hours"</em>

In this case, it is the labor hours

550,000 / 50,000 = 11

Then we multiply this rate by the actual output of the driver:

11 x actual direct labor

11 x 60,000 = 660,000

New, we calcualte the application of overhead

660,000 - 500,000 = 160,000

It was overapplied by 160,000 as the actual cost were lower than expected.

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Which element of the promotional mix has the inherent weakness of high absolute costs and an inability to obtain direct feedback
lianna [129]

Answer:

Advertising.

Explanation:

Advertising increases costs of product. Customers have to pay high price for the products heavily advertised. Companies do not forgo their profits.

6 0
3 years ago
The long run aggregate supply curve shifts to the right given that
ELEN [110]

Answer:

there is a rise in the quantity of capital.

Explanation:

Aggregate supply describes the total supply of products and services produced in an economy at all prices per period. The aggregate supply curve, shortened to AS, shows the relationship between total supply from producers and different price levels.

A shift in the supply curve communicates a change in the quantity of supply. The Aggregate supply curve shift to the right when there is an increase in output. In other words, when output from producers increases, the aggregate supply curve shifts to the right. Output or productivity increases when the price of key inputs falls,  lower labor costs, or increased efficiency.

6 0
3 years ago
Culver owns 80 percent of the common stock of Fowler Company. Culver also purchases some of Fowler's bonds directly from Fowler
ratelena [41]

Answer:

c

Explanation:

3 0
3 years ago
Your business partner has proposed you to join him (her) in investing $100000 each in a new enterprise. assume that you have tha
hjlf

Answer:

I wouldn't invest.

Risk preference at least 50-50 chance of gain and loose

Explanation:

case of success the return i get is $40000

case of failure i lose $20000.

My analysis shows P40=0.3 of success

And P-20=0.7 of failure.

The probability of a loose is much bigger than the probability of a gain.

So I can't bear the loose of loosing 7 times if about 20000 and gaining 3 times of about 40000 it doesn't balance.

My loose accumulating to 140000

While my gain is 120000.

I can't invest

7 0
4 years ago
Paul and Karen Kent are married, and both are employed (Paul earned $44,000 and Karen earned $9,000 this year). Paul and Karen h
VashaNatasha [74]

Answer:

$760

Explanation:

The tax credit for child and dependent care expenses allows working taxpayers to discount up to 35% of care expenses. The exact percentage that you are allowed to deduct depends on your income:

  • if you earn up to $15,000, you can discount 35% of dependent care expenses of up to $3,000 per child.
  • the percentage decreases for every $2,000 of income (1% decrease per every $2,000), until your income reaches $43,000 where it remains at 20%.

The Kent's earned $53,000 during the year, so they can claim up to 20% of their children's care expenses = $3,800 x 20% = $760

8 0
3 years ago
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