Answer:
rate of interest = -12.90%
Explanation:
The computation of the annual rate of return is shown below:
As we know that
Future value = Present value * (1 + interest rate)^number of years
$1,130,000 = $1,710,000 × (1 + interest rate)^3
0.660819 = (1 + interest rate)^3
0.8710 = 1 + interest rate
So, the rate of interest is
rate of interest = -0.128981
rate of interest = -12.90%
A Debit to Work in Process Inventory and Credit to Factory Overhead will be recorded on journal entry for allocation of factory overhead.
<h3>What is
factory overhead?</h3>
In accounting, a factory overhead refers to total cost involved in operating a manufacturing business and that cannot be traced directly to a product
Hence, Debit to Work in Process Inventory and Credit to Factory Overhead will be recorded on journal entry for allocation of factory overhead.
Therefore, the Option A is correct.
Read more about factory overhead
<em>brainly.com/question/26396695</em>
Answer:
Option A; DELEGATION.
Explanation:
Delegation is an administrative process of getting things done by others by giving them responsibility.
Example is a manager asking a subordinate to take over his duties at a meeting. However, the person who delegated the work remains accountable for the outcome of the delegated work.
Delegation simply means empowering a subordinate to get a work done (i.e. a transfer of authority from a superior to a subordinate).
Since Edmond asks Ferdie to perform his duties at closing because of his own conflicting schedule, therefore, this transfer of duties is called DELEGATION.
If Jamie would like to compare one savings account to
another savings account, and that he compares the amount of the interest he
will earn in one year in each account, it is likely that he is demonstrating
the annual percentage yield. This is where the annual rate return exist in
which the effect of copound interest is being taken into account.
hope this helps
Answer:
Results are below.
Explanation:
<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 405,000 / 220,000
Predetermined manufacturing overhead rate= $1.841 per DLH
<u>Now, we can allocate overhead:</u>
<u></u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 1.841*202,000
Allocated MOH= $371,882
<u>Finally, the over/under allocation:</u>
Under/over applied overhead= real overhead - allocated overhead
Under/over applied overhead= 380,000 - 371,882
Underapplied overhead= $8,118
