All categories

3 years ago

The following cost data relate to the manufacturing activities of Chang Company during the just completed year:

Business

1 answer:

Katarina [22]3 years ago

3 0

Answer:

See explanations below.

Explanation:

a. It is over applied overhead cost because applied overhead cost is more than the actual overhead cost.

Applied overhead cost = 20,000 hours × $20 = $400,000.

b. Please find attached schedule of cost of goods manufactured as requested.

You might be interested in

A government collects $70 billion quarterly in tax revenue. Each year it allocates $15 billion to the justice system and $29 bil

Anton [14]

Answer:

84.29%

Explanation:

Quarterly tax revenue collected = $70 billion

Thus,

annual tax revenue collected = $70 billion × 4

= $280 billion

Total amount allocated = $15 billion + $29 billion

= $44 billion

Therefore,

Percentage of annual tax revenue allocated

= [ $44 billion ÷ $280 billion ] × 100%

= 15.71%

Hence,

Percentage of its total annual tax revenue is left for allocation to the remaining categories of government spending

= 100% - 15.71%

= 84.29%

4 0

3 years ago

Hurricane Irene was forecast to hit the Mid-Atlantic/Northeast about a week before it arrived. The plan to evacuate the Outer Ba

iragen [17]

The plan to evacuate the Outer Banks of North Carolina was a(n) action plan.

Explanation:

An action plan is a document that lists what steps need to be taken to achieve a specific objective. An action plan is a series of actions that need to be taken or tasks that need to be performed well, for a successful strategy.

An action plan seeks to explain what resources are needed to accomplish the goal, to formulate a timetable for when certain activities need to be accomplished and to decide what resources are needed.

3 0

3 years ago

Is the price of a movie ticket likely to go up or down

Montano1993 [528]

Up, because the movie theater would want more money.

3 0

3 years ago

Which performance measure evaluates the amount by which profits exceed or fall short of the cost of capital in any one period

GaryK [48]

Answer: EVA

Explanation:

The performance measure evaluates the amount by which profits exceed or fall short of the cost of capital in any one period is EVA.

EVA helps in assesesing an organization's performance with the basis that profitability of a business is judged on its ability to create wealth for its shareholders.

8 0

3 years ago

The following information is available for Ethtridge Manufacturing Company for the month ending July 31:

babunello [35]

Answer:

Statement of cost of goods manufactured

Work in process inventory, July 1 $316,400

Add: Cost of direct materials used in production $1,150,000

Direct labor $966,000

Total factory overhead $490,500

Total manufacturing cost incurred $2,606,500

Total manufacturing costs $2,922,900

Less: Work in process inventory, July 31 $355,500

Cost of goods manufactured $2,567,400

5 0

2 years ago