1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Travka [436]
3 years ago
11

When overapplied / underapplied overhead is prorated, the basis for proration is:?

Business
1 answer:
spin [16.1K]3 years ago
7 0
Proration occurs because it is impossible to accurately estimate the future overhead costs and production activity; it is either the overhead is over applied or under applied. The variance will have to be adjusted for at the end of the financial year.
You might be interested in
Tax return preparers may generally rely on a client's representations without verification unless:
Valentin [98]

Answer:

Tax return preparers may generally rely on a client's representations without verification unless the information seems incorrect, inconsistent, or incomplete, Option A.

Explanation:

A  "tax return preparer" usually relies in good faith without verification upon information furnished by a taxpayer or another advisor or third party. But he has the authority to make inquires in case he feels the information given is incomplete or inconsistent. Also, some of the provisions also require few circumstances or facts to be claimed before deduction is made. So, A tax return preparer should make relevant inquiries to decide if the information given is correct as required by an "Internal Revenue Code" section or a regulation to claim either a deduction or a credit.

4 0
3 years ago
Which two of these rules could be included in a company’s acceptable use standards?
Dmitry_Shevchenko [17]
It would be, B and E.
7 0
3 years ago
Read 2 more answers
The interest yields on U.S. Treasury securities in early 2009 fell to very low levels as a result of the combined events surroun
Leni [432]

Answer and Explanation:

The computation is shown below:

For three months

Simple yield is

= Discount ÷ Price at sale

= 6.07 ÷ 9993.93

= 0.0607%

And, the annualized yield is

= 0.0607% ÷ 3 × 12

= 0.2428%

For 6 months

= Discount ÷ Price at sale

= 23.07 ÷ 9976.74

= 0.2312%

And, the annualized yield is

= 0.2312% ÷ 6 × 12

= 0.4625%

4 0
3 years ago
Two reasons why your simile makes sense
S_A_V [24]

It makes you happy and makes other people fell happy for you i witch it may make them feel happy


3 0
3 years ago
A 4-year project has an annual operating cash flow of $47,000. At the beginning of the project, $3,800 in net working capital wa
Sergeeva-Olga [200]

Answer:

$55,826

Explanation:

The computation of year 4 cash flow is shown below:

= Operating cash flow + required net working capital + after cash flow arise from salvage value

where,

Operating cash flow is $47,000

Required net working capital is $3,800

After cash flow arise from salvage value is

= Sale value - gain on salvage value × tax rate

The gain on salvage value is

= $5,400 - $3,800

= $1,100

So the after cash flow arise is

= $5,400 - $1,100 × 34%

= $5,400 - $374

= $5,026

Now the year 4 cash flow is

= $47,000 + $3,800 + $5,026

= $55,826

3 0
3 years ago
Other questions:
  • Accounting profits are typically
    13·1 answer
  • ______ is the process of dividing a market into distinct groups of buyers who have different needs, characteristics, or behavior
    15·1 answer
  • What are the steps involved in identificaton of risk analysis?
    15·1 answer
  • In an emergency situation, such as a life-threatening trauma in an emergency room, a supervisor must be:_______.
    9·1 answer
  • Anton believes his company's overhead costs are driven (affected) by the number of machine hours because the production process
    15·1 answer
  • Joss is a marketing consultant Iris and Daphne are potential customers interested in commissioning Joss to undertake a market su
    5·1 answer
  • Trestone, a guitar manufacturing company, produces a thousand units of electric guitars each year. The company has been able to
    10·2 answers
  • A defense contractor has been able to summarize its total annual fixed costs as $100,000 and the total variable cost per unit of
    14·1 answer
  • record the adjusting entry for recording the interest due on a note payable liability. assume that the company has a $2400 note
    11·1 answer
  • Those who are working are defined as_____ (one word) and those who are not working but actively seeking work are defined as____
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!