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Reika [66]
3 years ago
8

Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, th

e company based its predetermined overhead rate on total estimated overhead of $241,800 and 6,800 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $243,400 and actual direct labor-hours were 5,300. The applied manufacturing overhead for the year was closest to: (
Business
1 answer:
rjkz [21]3 years ago
6 0

Answer:

Allocated MOH= $188,627

Explanation:

Giving the following information:

Estimated overhead= $241,800

Estimated direct labor hour= 6,800

Actual direct labor-hours were 5,300.

First, we need to calculate the estimated overhead rate:

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 241,800/6,800= $35.59 per direct labor hour.

Now, based on actual direct labor hours, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 35.59*5,300= $188,627

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Gretchen has just finished preparing the trial balance for her company. Upon looking at the balance, she sees that it has not ac
Akimi4 [234]

Answer:

The correct answer is: Enter adjustments for these payments.

Explanation:

The Trial Balance is a worksheet recording all the credit and the debit balances of the ledger of a company. Eventually, the sum of all the credits must be equal to the sum of all the debits. If an account was forgotten to be included -just like Gretchen's case, <em>adjustments to counterbalance the amount that is to be recorded should be entered</em>.

8 0
3 years ago
Gabriella, a single taxpayer, has wage income of $160,000. In addition, she has $7,000 in long-term capital losses, $1,000 in lo
Hatshy [7]

Answer:

c. $156,000

Explanation:

Adjusted gross income = Wage income + Long-term capital gains + Short-term capital gains - Long-term capital losses - Short-term losses

Adjusted gross income = $160,000 + $1,000 + $3,000 - $7,000 - $1,000

Adjusted gross income = $156,000

Thus, Gabriella's AGI for 2017 is $156,000

6 0
3 years ago
Ronald, Jamie, Ben, and Joseph are colleagues who want to start a company of their own. All of them want to be actively involved
Fudgin [204]

Answer: A limited liability company

Explanation:

A limited liability company is a company in which the liability of members is limited to the amount of money invested in the business.

The characteristics of a limited liability company includes:

1. Limited liability - the liability of members is limited to the amount invested by members.

2. Members have the option of managing the company by themselves or employing managers.

3. The Limited liability company is a separate legal entity from its members.

8 0
3 years ago
When transportation costs are added to production costs, it becomes unprofitable to ship some products over a large distance. Th
pishuonlain [190]

Answer:

Option C. Have a low value-to-weight ratio.

Explanation:

The reason is that the transportation cost is connected with the weight of the product whereas the profit of the profit will diminish if the value to weight is low which means that the profit generated is very low which will be paid off to transport the product. So the option C is correct.

Option A is not connected with transportation cost which turns the profitable products into unprofitable products due to its high cost.

Option B is opposite of option C hence both are incorrect.

Option D is incorrect because if the product is only produced in one region then it will be the only firm offering that product which means it can price its product geographically to adjust the transportation cost. Hence it is also not connected with the transportation cost which turns the profitable products into unprofitable products due to its high cost.

7 0
3 years ago
Consultative selling emphasizes need​ identification, which the salesperson achieves​ by: A. asking the client questions and lis
Mrrafil [7]

Answer:

Letter A is correct

Explanation:

In consultative selling, the salesperson's function is not only to sell products, in this type of sales strategy, the salesperson must adapt a set of techniques that work together to provide the sales service together with a consultancy, that is, listening to the customer. , answer their needs and ask questions so that communication with the customer goes smoothly so that the salesperson can get optimal feedback and then design an appropriate sales strategy that will be ideal for that customer.

8 0
3 years ago
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