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Answer:
Under applied to the extent of $ 63,620
Explanation:
We have to compute the predetermined overhead rate on direct labor hours.
Estimated overhead $ 242,400
Estimated direct labor hours 7400 hours
Predetermined overhead rate on direct labour hours $ 32.76 per hour
Applied overhead based on actual direct labor hours
5,500 labor hours * $ 32.76 per hour = $ 180,180
Actual manufacturing overhead <u>$ 243,800</u>
Underapplied overhead $ 63,620
Answer: Task identity.
Explanation:
The job characteristics model explains that employees of an organization are less motivated in a job role that requires little from them while employees are highly motivated in a job role that is dynamic and requires much from them. Henry would be experiencing a low because of the light job role he is given, according to the job characteristics model.
Answer:
The amount of total stockholders’ equity reported on the balance sheet at month-end is $30,000.
Explanation:
Stockholders’ equity comprises retained earnings, common stock and any other statutory reserves. The retained earnings is the accumulation of net income or loss over years minus dividend paid while common stock is the value of the shares owned by the owners or the public and the owners are entitled to dividends.
The amount of total stockholders’ equity reported on the balance sheet at month-end is simply $5,000 + $25,000 = $30,000.
A change from straight-line depreciation to double-declining-balance depreciation would be reported as a restatement of the prior period statements only.
The term depreciation refers to an accounting technique used to spread the cost of a tangible or physical asset over its useful life. Depreciation indicates how much of an asset's value has been used. It allows companies to generate income from the assets they own by making payments over a period of time.
Depreciation expense is apportioned to charge a reasonable portion of the depreciation amount for each accounting period over the expected useful life of the asset. Depreciation includes the depreciation of assets with a predetermined useful life.
Learn more about depreciation here:brainly.com/question/1203926
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