Answer:
Amount of underapplied or overapplied overhead cost for the year
$97000 - Underapplied
Schedule of cost of goods manufactured for the year
Direct Material 3885000
Direct Labor 60000
Overheads 376000
Total Manufacturing Costs 4321000
Add Opening Inventory WIP 400000
Less Closing Inventory WIP (700000)
Cost of Goods Manufactured 4021000
Explanation:
Amount of underapplied or overapplied overhead cost for the year
Underapplied or Overapplied overhead cost =Actual Overhead - Applied Overhead
$473000-$376000= $ 97000
Schedule of cost of goods manufactured for the year
<em>Direct Materials Calculation </em>
Opening 200000
Add Purchases 4000000
Available 4200000
Less Closing Material 300000
Materials Consumed 3900000
Less Indirect Materials 15000
Direct Materials Consumed 3885000
Answer:
The correct answer is because it determines which contracts could be voidable
Explanation:
A unilateral mistake is when just one party to a contract is mistaken as to the terms contained in a contract.
Commonly, the unilateral mistake does not make a contract void; The mutual mistake makes it.
Answer: <em>Polish, Civility and Social Intelligence </em>
Explanation:
The following are the synonyms for the professional behavior: Civility, Polish and Social Intelligence. Social intelligence is referred to as or known as the capacity of an individual to know himself/herself and other individual. Civility is referred or as known as the civilized conduct i.e. considered to be a polite act or an expression
.
Answer:
C) Households may save part of the additional income from the tax cut
Explanation:
When we consider the total household income there is always a major part that is spent, this is called propensity to consume. It is defined as the proportion of total income that consumers are willing to spend.
But propensity to consume doesn't include 100% of household income, there also exists the propensity to save. That is the exact opposite, is the proportion of our income that we will save for future use.
Luckily for us all, the propensity to spend is usually much higher than the propensity to save. We have to remember that private consumption represents nearly 70% of the nation's GDP.
What households save goes to investment in GDP. Investment is always needed but it represents future growth of the GDP while consumption represents current growth of the GDP.
Answer:
1.54
Explanation:
As we know that
The DuPont Analysis is
ROE = Profit margin × Total assets turnover × Equity multiplier
So we considered this formula for Manufacturer A and Manufactured B
Profit margin × Total assets turnover × Equity multiplier = Profit margin × Total assets turnover × Equity multiplier
2.0% × 1.7 × 4.9 = 2.3% × Asset turnover × 4.7
16.66% = 10.81% × Asset turnover
So, the asset turnover is 1.54
We equate this formula for both Manufactured A and manufactured B
