Answer:
Overhead at the end of the year was $5,568 under applied.
Explanation:
For computing the overhead for the end of the year, first, we have to compute the predetermined overhead rate which equals to
= (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)
= $506,688 ÷ 21,840 hours
= $23.2
Now we have to find out the actual overhead which equals to
= Actual direct labor-hours × predetermined overhead rate
= 21,600 hours × $23.2
= $501,120
So, the ending overhead = Actual manufacturing overhead - Actual overhead
= $506,688 - $501,120
= $5,568
This amount reflects that the overhead is under applied
Sorry this description is a bit confusing but i couldn't really think of a way to phrase it properly :)
most economists believe that deregulation has the potential to be helpful because the fact that things aren't regulated by the government increases competition in people selling the same wares, which normally ends up lowering the price of that specific good and/or improving the quality of the good drastically (which means more people will be buying, it whatever it may be, which is good for the economy)
When Megan purchased the Pepsi beverages and snacks to bring to her family's holiday celebration this represented the purchase of consumer goods. Consumer goods are anything from Pepsi products, to automobiles and refrigerators.
What is this supposed to mean?I mean yeah sure!!
