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zysi [14]
3 years ago
11

Poland's Paints allocates overhead based on machine hours. Selected data for the most recent year follow.Estimated MOH $238,000A

ctual MOH $244,000Estimated machine hrs 20,000Actual machine hrs 22,500The estimates were made as of the beginning of the year, while the actual results were for the entire year. The amount of manufacturing overhead allocated for the year based on machine hours would have been:(a) $267,750(b) $241,000(c) $238,000(d) $244,000
Business
1 answer:
olchik [2.2K]3 years ago
4 0

Answer:

(a) $267,750

Explanation:

The computation of allocation of the manufacturing overhead is computed by applying the formula which is shown below:

= (Estimated manufacturing overhead ÷ estimated machine hours) × (actual machine hours)

= ($238,000 ÷ 20,000 machine hours) × $22500 machine hours

=  $267,750

We calculate the manufacturing overhead allocation based on estimated machine hours not from the actual machine hours

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Managers shift gears quickly and therefore, the average time spent on any one activity is less than _____. a. an hour b. a half
vivado [14]

Answer:

e.nine minutes.

Explanation:

A manager in an organization has a lot of responsibilities.There are a lot of employees working under the manager.So a manager is a very busy person.So they have to take care of a lot of things.

Hence Managers shifts gears very quickly so the average time spent on one activity is around nine minutes.

8 0
3 years ago
What actions could employers and government take to encourage saving in society
VARVARA [1.3K]
They can set good examples of people who practiced savings and the result it gave them. Provide seminars of the results and actual computation of savings through targeted years and the possible assets that they may possess through savings. It can also help them avoid some financial problems that they might encounter. 
 
7 0
3 years ago
on June 1, 2018, Herbal co. received $40,460 for the rent of land for 12 months. Journalize the adjusting entry required for une
Dvinal [7]
The entry recognized in the books as at June 1, 2018, is as follows:
AJE:_____
Dr. Cash      $40,460
Cr. Rental Income     $40,460
     <span>To record payment of rental from customer 

</span>However, since portion only is realized as at December 31, 2018, thus, adjusting journal entry should be made to adjust the unearned portion. 

AJE:___
Dr. Rental Income      $16,858
Cr. Unearned Rental Income     $16,858
     <span><em>To adjust unearned rental income of 5 months
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The unearned rental income is presented under Accounts Payable portion of the books. </span>
7 0
3 years ago
Kyle made a down payment of $850 towards his car loan. He will be paying $415 every month for 24 months. How Much does the car c
Ronch [10]
<span>Down payment = $850
</span><span>Monthly payment = $415
</span><span>Loan term = 24 months
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4 0
3 years ago
Read 2 more answers
Moody Corporation uses a job-order costing system with a plant wide overhead rate based on machine-hours. At the beginning of th
natita [175]

Answer:

1. 9.50 per machine hour

2.  $1,040

3. $37,000 ; Increase

Explanation:

1. Fixed predetermine overhead rate:

= Fixed manufacturing overhead cost ÷ Machine-hours required

= 650,000 ÷ 100,000

= 6.5 per machine hour

Variable predetermine overhead rate = 3 per machine hour

Total predetermine overhead rate:

= Fixed predetermine overhead rate + Variable predetermine overhead rate

= (6.5 + 3)

= 9.50 per machine hour

2. Total manufacturing cost:

= Direct material + Direct labor + Manufacturing overhead

= $450 + $210 + (40 × 9.5)

= $450 + $210 + $380

= $1,040

3. Applied overhead:

= Total machine hours × Total predetermine overhead rate

= 146,000 × $9.50

= $1,387,000

Actual overhead = $1,350,000

Over applied overhead:

= Applied overhead -  Actual overhead

= $1,387,000 - $1,350,000

= $37,000

If this amount were closed out entirely to cost of goods sold then net operating income will be increase.

3 0
3 years ago
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