A writer, an illustrator, a publisher and an agent would form a

A firm incurs $35,000,000 of actual OH costs. It has a PDOH rate of $450 per machine hour and 100,000 machine hours were actuall

ella [17]

Answer:

c. Debit: Overhead Control $10,000,000

Credit: Cost of Goods Sold $10,000,000

Explanation:

The journal entry to close the overhead account is presented below:

Overhead Control A/c Dr $10,000,000

To Cost of Goods Sold A/c $10,000,000

(Being the overhead account is closed)

The computation is shown below:

= Applied overhead - actual overhead

where,

Applied overhead equal to

= $450 × 100,000 machine hours

= $45,000,000

And, the actual overhead is $35,000,000

So, the amount would be

= $45,000,000 - $35,000,000

= $10,000,000

Since the applied overhead is greater than the actual overhead, so we debited the overhead control account and credited the cost of goods sold account

5 0

3 years ago

Bauer Manufacturing uses departmental cost driver rates to allocate manufacturing overhead costs to products. Manufacturing over

Diano4ka-milaya [45]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Manufacturing overhead costs are allocated based on machine-hours in the Machining Department and based on direct labor-hours in the Assembly Department.

Machining:

Machine-hours= 50,000

Manufacturing overhead costs= $ 280,000

Assembly:

Direct labor-hours= 40,000

Manufacturing overhead costs= $ 360,000

First, we need to calculate the estimated overhead rate for each department:

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

<u>Machining:</u>

Estimated manufacturing overhead rate= 280,000/50,000= $5.6 per machine hour

<u>Assembly:</u>

Estimated manufacturing overhead rate= 360,000/40,000= $9 per direct labor hour

Now, we can allocate overhead to Job 316:

Machining Assembly

Direct labor-hours 120 75

Machine-hours 45 5

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

Machining:

Allocated MOH= 5.6*45= $252

Assembly:

Allocated MOH= 9*75= $675

5 0

3 years ago

Vestel Corporation, a Turkish company that manufactures battery-powered tools, is considering the idea of selling its products

photoshop1234 [79]

Answer:

The given approach would be "Proxy indicators".

Explanation:

A proxy indicator would be a parameter that often used substitute throughout that would be harder to quantify individually.
This would be an ambiguous indication of either estimate which may well approximate or otherwise be indicative of such an occurrence or without the existence of either a specific measurement.

So really the answer above would be appropriate.

3 0

3 years ago

The marginal revenue product (mrp) of land declines as more land is brought into production because?

makvit [3.9K]

The marginal revenue product (MRP) of land declines as more land is brought into production because:

A. Land is a "unfastened and nonreproducible gift of nature."

B. Of diminishing returns.

C. Land hire has no incentive characteristic.

D. The deliver of land is constant

Marginal revenue product (MRP), also referred to as the marginal charge product, is the marginal revenue created due to an addition of 1 unit of useful useful resource. The marginal revenue product is calculated by way of way of multiplying the marginal physical product (MPP) of the useful aid by means of the marginal revenue (MR) generated.

How do you calculate marginal revenue product of labor?

The marginal sales manufactured from a worker is equal to the made from the marginal product of hard work (MPL) and the marginal sales (MR) of output, given with the aid of MR×MPL = MRPL.

What takes place to marginal revenue product whilst call for decreases?

Marginal revenue product sales will usually be less than call for for a given quantity. That is because of the reality a monopolist's call for curve is similar to its average income curve, and for a monopolist, every commonplace and marginal sales will decrease as amount increases.

Learn more about marginal revenue product here:- brainly.com/question/13444663

#SPJ4

3 0

2 years ago

A perfectly competitive market is in long run equilibrium. At present there are 100 identical firms each producing 5,000 units

Tema [17]

Answer: B. In the short run, the typical firm increases its output and makes an above normal profit.

Explanation:

I have attached a graph to explain.

Originally the Perfectly Competitive Market is in a long run Equilibrium.

This means that at 5000 units the $20 selling price was as a result of Marginal Revenue being equal to Marginal Cost.

Now a sudden change in Demand has taken the price up which then forces the Marginal Revenue Curve upwards.

This will culminate with the Marginal Revenue Curve now intersecting the Marginal Cost curve at a higher point being point F so that profit can be maximised.

This higher level will thus lead to a higher output than 5000 units at point Q as the firm will increase output.

Notice that at that point the Marginal Revenue is higher than Average Total Cost meaning that an Above normal profit is being made.

Do react or comment if you need any clarification.

7 0

3 years ago