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shtirl [24]
3 years ago
6

Mango Company applies overhead based on direct labor costs. For the current year, Mango Company estimated total overhead costs t

o be $600,000, and direct labor costs to be $300,000. Actual overhead costs for the year totaled $615,000, and actual direct labor costs totaled $335,000. At year-end, the balance in the Factory Overhead account is a:
Business
2 answers:
Masteriza [31]3 years ago
8 0

Answer:

55,000 Credit balance

Explanation:

Mango Company

Predetermined overhead rate /Estimated overhead cost

= $600,000 / $300,000

Estimated direct labor cost = 200%

Applied overhead :

=Actual direct labor cost of $335,000 × 200%

= $670,000

Overhead incurred-Overhead applied

$615000 – $670,000

=$55,000

Therefore At year-end, the balance in the Factory Overhead account is a: credit of $55,000

vlada-n [284]3 years ago
6 0

Answer:

Factory Overhead Balance= $55,000.

Explanation:

Over-applied overhead = Assigned Overhead − Actual Overhead

Where Assigned Overhead= Actual Direct Labor×Overhead rate

Where Overhead rate = Estimated overhead / Estimated Direct Labor * 100

Overhead rate= 600000/300000 * 100

Overhead Rate= 200%

Assigned Overhead = ​335,000 * 200%

Assigned Overhead = 670,000

Therefore, the assigned overhead to be applied is $670,000.

Now, Over-applied overhead = Assigned Overhead − Actual Overhead

Factory Overhead = $670,000 - $615,000

Factory Overhead Balance= $55,000.

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The abrupt end of long distance cattle drives in 1885 was primarily due toa. the development of railroad cars that could haul ca
vladimir1956 [14]

Answer:

a. the development of railroad cars that could haul cattle.

Explanation:

The abrupt end of long distance cattle drives in 1885 was primarily due to the development of railroad cars that could haul cattle.

It was the advent of expanding rail road lines that terminated the cattle drive through Kansas because the end points of the cattle trail shifted to meet expanding railroad lines.

It was logical that as the railroads expanded to meet the cattle drive, one had to give way to the other because cattle do stray and trains could haul cattle

8 0
3 years ago
Round Barn stock has a required return of 11.00% and is expected to pay a dividend of $2.35 next year. Investors expect a growth
34kurt

Answer:

$47

Explanation:

Given that,

Required return = 11.00%

Expect a growth rate = 6.00%

Expected to pay a dividend next year = $2.35

Stock Price:

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= $2.35 ÷ (11% - 6%)

= $2.35 ÷ (5%)

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Therefore, the current fair price for the stock is $47.

7 0
3 years ago
Which is an attribute of an effective organiation structure?
timofeeve [1]

Answer:

Attributes of an effective organization structure are given below.

1. An effective organizational structure facilitates attainment of objectives through proper coordination of all activities

2. In a effective organizational structure, the conflicts between individuals over jurisdiction are kept to a minimum

3. It eliminates overlapping and duplication of work.

4. It decreases likelihood of runarounds

5. It facilitates promotions of personnel

6. It aids in wage and salary administration

7. Communication is easier at all levels of organizational hierarchy

8. A well-structured organization provides a sound basis for effective planning

9. It results in increased cooperation and a sense of pride among members of the organization

10. It encourages creativity

7 0
3 years ago
:
Rasek [7]
Hi the correct answer would be C hope this helps you!
Good luck!
3 0
3 years ago
Read 2 more answers
Under absorption costing, which of the following costs would not be included in finished goods inventory? a.overtime wages paid
grigory [225]

Answer:

b.the salaries for salespeople

Explanation:

Absorption costing is the method of costing that tries to itemise all factors that are used in manufacturing a product. These include direct materials, direct labour, and overhead.

However there is no provision for items under contributing margin (that is costs that are derived from sales revenue). Such costs can include salaries of sales people that are taken out of sales revenue.

Other items such as overtime wages paid to factory workers, hourly wages of assembly worker, and straight-line depreciation on factory equipment are all included in absorption costing

6 0
3 years ago
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