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Wittaler [7]
3 years ago
10

Which of the following correctly describes a production isoquant?

Business
1 answer:
evablogger [386]3 years ago
4 0

Answer:

An isoquant is a curve that shows the least-cost combinations of inputs that can produce a given level of output.

Explanation:

  • Isoquants are lines of equal values that are meant to show a set of points that have the same quantity of output when changing the quantities of more than two inputs.
  • It also shows an extent to which the firm has the ability to substitute two or different products to attain the same level of the outputs.
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Sawyer Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead
kupik [55]

Answer:

Underapplied Manufacturing Overhead $23,000

Explanation:

Sawyer Manufacturing Corporation

Predetermined overhead rate = Estimated total manufacturing overhead cost ÷ Estimated total amount of the allocation base

= $300,000 ÷ 52,000 direct labor hours

= 5.7 Approximately $6 per direct labor-hour

Overhead over or underapplied Actual MOH

= 365,000

Applied MOH = $6 x 57000 = $342,000

Underapplied Manufacturing Overhead = 365,000-342,000 = 23,000

Therefore The Corporation's applied manufacturing overhead cost for the year was $23,000

8 0
3 years ago
On September 1, 2021, Gold Gaming sold 400 one-year subscriptions to its online gaming website for $90 each. The total amount re
musickatia [10]

Answer:

Explanation:

The adjusting entry is shown below:

Deferred Subscription Revenue A/c Dr $12,000

            To Subscription revenue A/c $12,000

(Being the deferred subscription amount is adjusted)

The computation is shown below:

= Number of subscriptions sold × sale price each × (number of months ÷ total number of months in a year)

= 400 subscriptions × $90 × (4 months ÷ 12 months)

= $36,000  × (4 months ÷ 12 months)

= $12,000

The four months are reported from the September 1 to December 31

7 0
3 years ago
Assume that at December 31, 2015, management determined that it will be unable to collect $1,200 owed to it by its customer Acme
garik1379 [7]

Answer:

account receivables 600 debit

    allowance for doubful account 600 credit

--to revert the write-off--

cash     600 debit

  account receivables 600 credit

--to record the payment from Acme Inc--

Explanation:

The company will revert the write-off of Acme. Inc account and then record a collection as usual

We use the allowance account as previously the company did as follows:

allowance for doubful account 1,200 debit

  account receivables                   1,200 credit

to write-off the account.

We reverse this by the amount paid by Acme which is 600

Then, we record receiving the cash (debit) and decreasing the account receivable (credit)

3 0
3 years ago
Sunland Corporation purchased a limited-life intangible asset for $468000 on May 1, 2019. It has a useful life of 10 years. What
Jobisdone [24]

Answer: $124800

Explanation:

First, we have to calculate the ammortization expense which will be:

= $468000 / 10

= $46800

May 2019 = ($46800 × 8/12)

= $31200

December 2020 = $46800

December 2021 = $46800

Ammortization expense will now be:

= $31200 + $46800 + $46800

= $124800

8 0
3 years ago
Instant Access Services Inc. leases access to high-speed computers to small businesses. It provides the following information fo
Afina-wow [57]

Answer:

a. $21

b. $1,890,000

Explanation:

a. The computation of the predetermined overhead rate is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated  computer hours)

= $2,100,000 ÷ 100,000 hours

= $21

b. Now the applied overhead which equals to

= Actual computer hours  × predetermined overhead rate

= 90,000 hours × $21

= $1,890,000

5 0
3 years ago
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