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Licemer1 [7]
3 years ago
8

Company expected to incur $9,450 in manufacturing overhead costs and use 4,500 machine hours for the year. Actual manufacturing

overhead was $9,400 and the company used 5,050 machine hours.
1. Calculate the predetermined overhead allocation rate using machine hours as the allocation base.
_______ / _________ = Predetermined overhead allocation rate
________/ __________ = ____ per machine hour
2. How much manufacturing overhead was allocated during the? year?
________ x ________ = overhead allocated
________ x _________ = ____________
Business
1 answer:
sineoko [7]3 years ago
8 0

Answer:

1.Predetermined overhead allocation rate = $2.10 per Machine Hour

2.Overhead allocated = $10,605

Explanation:

1.   Predetermined overhead allocation rate

using

Estimated manufacturing overhead costs / Estimated Machine Hours = Predetermined overhead allocation rate

=<u>$9,450</u> / <u>4,500 Machine Hours</u> = $2.10 per machine hour

Therefore,

Predetermined overhead allocation rate = $2.10 per Machine Hour

2. Manufacturing overhead allocated during the year

Actual Machine Hours Used x Predetermined overhead allocation rate = Overhead allocated

<u>5,050 machine hours</u> x <u>$2.10 per Machine Hour </u>=<u> $10,605 </u>

Therefore,

Overhead allocated = $10,605

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Answer:

A tariff has a postive impact when it comes to safeguarding and having an income

Explanation:

A tariff is a tax put on imported or exported goods to protect the goods and earn money. This can be used as a source of income as many states in the US do so.

6 0
3 years ago
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After all revenue and expense accounts have been closed at the end of the fiscal year, Income Summary has a debit of $2,450,000
murzikaleks [220]

Answer:

income summary   550  debit

     retained earnings      550 credit

--to close income sumary against RE--

Explanation:

To complete the closing entries we should determinate the balance of the Income Summary account and then, transfer into Retained Earnings.

 Income Summary

<u>   Debit        Credit   </u>

2,450

<u>                    3,000    </u>

Balance          550

We will debit income summary so his blanace ends in zero and credit retained earnings so net income is accumualted and added into equity to represent it in the balance sheet.

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3 years ago
2:  Which of the following is taken into account when assessing the official poverty level? 
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Usually cash income, or letter C, is
8 0
3 years ago
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Akua’s Paint Supply charges $15 per gallon of paint. Akua started with three employees, who together produced 40 gallons of pain
timofeeve [1]

Answer:

$70

Explanation:

Total revenue from three employees:

= No. of gallons of paint produced × Selling price per gallon

= 40 × $15

= $600

Total revenue from four employees:

= No. of gallons of paint produced × Selling price per gallon

= 48 × $15

= $720

Total revenue created by 4th worker:

= Total revenue from four employees - Total revenue from three employees

= $720 - $600

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Cost of hiring 4th worker = $50 per day

Therefore,

Marginal profit for the fourth employee:

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A diagramming tool used to express the relationships between entities in a database is called a:
Anna71 [15]

Answer: (B) Entity-relationship diagram.

Explanation:

 The entity relationship diagram is one of the type of graphical model or representation which is related to the entities in the form of organizational database.

  • The entity-relationship diagram is refers to the data modeling technique which basically illustrate the relationship between the information system entity.
  • It is typically used in an organization for the the purpose of database and represent the entity framework.  

According to the given question, the entity-relationship diagram is one of the type of diagramming tool which is used for express the different types of relationship between the database and the entities.

Therefore, Option (B) is correct.

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