Answer:
1. $28
2. $278,040
3. $7,560 under-applied
4. $8.8536
Explanation:
The computation is shown below
1. Predetermined overhead rate = (Total Budgeted: Overhead) ÷ (estimated direct labor-hours)
= $285,600 ÷ 10,200 hours
= $28
2. The applied overhead would be
= Actual direct labor-hours × predetermined overhead rate
= 9,930 hours × $28
= $278,040
3. The over applied or under applied would be
= Actual manufacturing overhead - applied overhead
= $285,600 - $278,040
= $7,560 under-applied
4. Total cost per unit would be
= (Prime Cost + Applied Overhead) ÷ (Number of units)
= ($1,050,000 + $278,040) ÷ (150,000 units
= $1,328,040 ÷ 150,000 units
= $8.8536
Answer:
A) skewed to the right with a mean of $4000 and a standard deviation of $450.
Explanation:
While the days are picked at random, the size of the sample is enough to represent the reality. Among the random pick those days of football game will be picked too and will skewed to the right the distribution
The distribution will not change into normal as the reality is that distribution of revenue is not normally distributed among the days of the year.
To record On Jan 2, Callie Taylor received a $700 payment from a customer formerly billed for services performed. The journal entry to record this transaction would contain a debit to the cash account and a credit to the Accounts Receivable account.
<h3>What is Journal entry?</h3>
A journal entry exists as an act of keeping or creating records of any transactions either economic or non-economic. Transactions exist listed in an accounting journal that indicates a company's debit and credit balances. The journal entry can consist of several recordings, each of which exists either a debit or a credit.
A journal entry exists as a record of the business transactions in the accounting books of a business. A properly recorded journal entry consists of the correct date, amounts to be debited and credited, an explanation of the transaction, and a unique reference number. A journal entry exists as the first step in the accounting cycle.
Hence, To record On Jan 2, Callie Taylor received a $700 payment from a customer formerly billed for services performed. The journal entry to record this transaction would contain a debit to the cash account and a credit to the Accounts Receivable account.
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A management professor discovers a way for corporate management to operate more efficiently. He publishes his findings in a journal. His findings are common, but not proprietary, knowledge. Corporate management is a crucial component of running a business. It outlines the hierarchy of leadership positions.
The procedure for employees to follow when reporting to their superiors, and the method for rewarding employees for their efforts. Your team can thrive by comprehending corporate management and its function within a business or organization. In this article, we go through the definition and many forms of corporate management.
The stages involved in formulating a plan and advice for developing your own management style. Planning, directing, coordinating, and controlling a company's operations are all part of corporate management.
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