Answer: D. Manufacturing overhead was underapplied by $10,000; Cost of Goods Sold after closing out the Manufacturing Overhead account is $253,000
Explanation:
The Manufacturing overhead applied is less than the actual manufacturing overhead incurred by:
= 79,000 - 69,000
= $10,000
Manufacturing overhead is therefore underapplied as the amount applied is too low to cover the amount incurred.
The Cost of Goods sold after closing out is:
= Cost of goods sold before closing out + Underapplied manufacturing overhead
= 243,000 + 10,000
= $253,000
Answer:
Account A
Explanation:
Since Irma has $500 to open a checking account and She wants an account with the lowest fees.
She plans to use only her bank’s ATM to deposit her paychecks and withdraw cash.
The Bank Account Terms and Conditions that would be best for Irma is Account A.
Account A will be sufficient as there is no indication for writing of checks and issuing checks to clients as a form of payment, including the fact that the amount Irma has to open the account is just a base amount of $500
Answer:
the value of the short forward contract is -0.49
Explanation:
the computation of the value of the short forward contract is shown below:
= (Delivery price - current forward price)× e^(risk free interest rate × no of months ÷ total number of months)
= ($42.25 - $42.75)× e^(-7.90% × 4÷12)
= -0.49
Hence, the value of the short forward contract is -0.49
Therefore the same should be considered
Answer:
C. subtracting the competitive level producer surplus from the producer surplus associated with less output
Explanation:
A deadweight loss refers to a cost to society created as a result of market inefficiency. Market inefficiency occurs when supply and demand are out of equilibrium. It is also known as excess burden.
Deadweight loss is also created due to taxes as they prevent people from purchasing things that they would otherwise as the final price of the product increases.
The deadweight loss associated with output less than the competitive level can be determined by subtracting the competitive level producer surplus from the producer surplus associated with less output
