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kolbaska11 [484]
3 years ago
8

A period of economic stability began in the 1980s. In 2001, prices began to increase. In 2007, an economic crisis caused prices

to fall. Which of these dates would be considered the peak of this cycle?
Business
2 answers:
Rudiy273 years ago
8 0

Answer:

The correct answer is D. 2007.

forsale [732]3 years ago
4 0
The right answer for the question that is being asked and shown above is that: "Year 2006." <span>A period of economic stability began in the 1980s. In 2001, prices began to increase. In 2007, an economic crisis caused prices to fall. The </span><span>date that would be considered the peak of this cycle is that Year 2006</span>
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On December 30, 2019, Whitney sold a piece of property for $85,000. Her basis in the property was $40,000, and she incurred $1,2
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jeka94
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A company allocates overhead at a rate of 160% of direct labor cost. Actual overhead cost for the current period is $1,020,000,
murzikaleks [220]

Answer:

(A) $180,000 (B) A journal entry was prepared for over- or under applied overhead to cost of goods sold.

Explanation:

Solution

Now,

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A company gives an overhead at =1 60% rate

The actual overhead cost for the present period is =1020,000

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(a) For the under applied overhead using T account we have the following:

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(B) A Journal entry is carried out for the close over or under applied overhead.

Date Particulars                       Debit              Credit

               Cost of goods sold A/c $180,000

               Manufacturing overheads              $180,000

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