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kotykmax [81]
3 years ago
13

During the current year, Carlisle Manufacturing expected Job No. 16 to cost $450,000 of overhead, $750,000 of materials, and $30

0,000 in labor. Carlisle applied overhead based on direct labor cost. Actual production required an overhead cost of $420,000, $825,000 in materials used, and $330,000 in labor. All of the goods were completed. What is the amount of over- or under-applied overhead?
Business
1 answer:
Aloiza [94]3 years ago
5 0

Answer:

Underapplied= $75000

Explanation:

Giving the following information:

Carlisle Manufacturing expected Job No. 16 to cost $450,000 of overhead, $750,000 of materials, and $300,000 in labor.

Carlisle applied overhead based on direct labor cost.

Actual production:

Overhead cost =$420,000.

Direct materials= $825,000.

Direct labor= $330,000.

First, we need to calculate the overhead rate

Overhead rate= 450000/300000= 1.5 direct labor

Overhead according to rate:

330000*1.5= $495000

Real overhead= $420000

Underapplied= $75000

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Keith_Richards [23]

Answer:

a. 1.5%

Explanation:

18% for 12 mo

18%/12 mo

1.5%/mo

5 0
3 years ago
____ cards contain a chip that can store a large amount of information as well as on a magnetic stripe for backward compatibilit
trasher [3.6K]

Answer:

(B)

Explanation:

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These are smart cards (also referred to as chip cards) that are capable of storing large amount of information and also include a magnetic stripe at the back for backward compatibility.

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4 0
4 years ago
What is the principle of E-commerce?
timurjin [86]

1. Develop for mobile ; 2. Ensure performance is speedy ; 3. Invest in design ; 4. Put your customers first ; 5. Be locale-sensitive.

5 0
2 years ago
Which act requires that financial institutions must provide a privacy notice to each consumer that explains what data about the
Yakvenalex [24]

Answer:

Gramm–Leach–Bliley Act

Explanation:

The Gramm–Leach–Bliley Act (GLBA), also known as the Financial Services Modernization Act of 1999, (enacted November 12, 1999) is an act of the 106th United States Congress (1999–2001). It repealed part of the Glass–Steagall Act of 1933, removing barriers in the market among banking companies, securities companies and insurance companies that prohibited any one institution from acting as any combination of an investment bank, a commercial bank, and an insurance company. With the bipartisan passage of the Gramm–Leach–Bliley Act, commercial banks, investment banks, securities firms, and insurance companies were allowed to consolidate. Furthermore, it failed to give to the SEC or any other financial regulatory agency the authority to regulate large investment bank holding companies. The legislation was signed into law by President Bill Clinton.

5 0
3 years ago
Clabber Company has bonds outstanding with a par value of $119,000 and a carrying value of $108,700. If the company calls these
Vladimir79 [104]

Answer:

option (b) $4,200 gain

Explanation:

Data provided in the question:

Par value of outstanding bonds  = $119,000

Carrying value of the bonds = $108,700

Price at which bond is called = $104,500

Now,

Gain on the retirement is calculated using the relation as;

Gain on retirement

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= $4,200

Since, the result is positive, therefore a gain will be recognized

Hence, correct answer is option (b) $4,200 gain

6 0
3 years ago
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