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3 years ago

If actual manufacturing overhead costs are less than the applied manufacturing overhead, then manufacturing overhead is:

Business

1 answer:

Genrish500 [490]3 years ago

8 0

Answer:

Under applied

Explanation:

Actual manufacturing overhead costs are those amounts of overhead costs that are incurred by a firm during production processes.

Applied manufacturing overhead costs are those costs that are added to jobs as they near completion. Usually, as work or job nears completion during the year, the predetermined overhead rate and actual activity level are used to apportion them.

In general, manufacturing overhead costs are those costs that are not direct labor costs or direct material costs; which is made of expenses like equipment and lightening. It could either be under or over applied. It is under applied as in the above while it is over applied when the actual manufacturing overhead costs are more than the applied manufacturing overhead costs.

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List 2 ways in which constellations are used.

tangare [24]

In Ancient times, constellations were used to create and track the calendar so they knew when to plant crops and harvest them. Constellations were also used for navigation and to help sailors travel across oceans.

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3 years ago

Read 2 more answers

Challenge Tennis & Recreation's operating activities for the year are listed below. Purchases $174 comma 800 Operating exp

makkiz [27]

Answer:

The answer is $169,400

Explanation:

Gross profit is a line item under income statement and it is the difference between net sales(revenue) and cost of sales. It is a measure of profitability ( net sales - cost of sales?

Cost of sales = beginning Inventory + purchases - ending Inventory

$27,600 + $174,800 - $37,800

$164,600.

Now, cost of sales is: ( net sales - cost of sales)

$334,000 - $163,800

=$169,400

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3 years ago

Precision Company estimates its machine-hour requirements for the four quarters to be 35,000 hours, 20,000 hours, 15,000 hours,

Snezhnost [94]

Answer:

$400,000

Explanation:

total variable manufacturing overhead = sum of total machine hours required during the year x variable manufacturing overhead rate per machine hour

= (35,000 hours + 20,000 hours + 15,000 hours + 30,000 hours) x $4 per machine hour = 100,000 machine hours x $4 per machine hour = $400,000

total fixed manufacturing overhead = $50,000 per quarter x 4 quarters = $200,000

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4 years ago

A company increases the price of its clock radios by 10 percent and the company's total receipts fall significantly. What term b

Galina-37 [17]

Answer:

Price elasticity of demand Relation

Explanation:

The reason is that the price and demand are inversely proportional to each other. If the price of the product increases the demand of the product will decrease and vice versa. So this means that if the organization wants to generate maximum profit then it will have to set a price that generate maximum demand which means which generates maximum profit. The Bugatti is very expensive and the result is that very fewer people own it in the world but the Mercedes with an above average price has customers in millions, Honda has more than million customers because it is priced average. So the thing is that the pricing matters in deciding how much of the total customers you want.

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3 years ago

A corporation is authorized to sell 1,000,000 shares of common stock. Today there are 500,000 shares outstanding, and the board

Juliette [100K]

Answer:

35,000 stocks

Explanation:

Dividends can be either distributed in cash or distributed as new stock. In this case the company decided to issue stock instead of cash payments. Since the company has 500,000 outstanding and the board declared a 7% dividend, then 35,000 stocks should be issued (= 500,000 x 7%).

Whether shareholders receive money or stocks, they still have to include the dividends as part of their gross income.

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4 years ago