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mart [117]
3 years ago
7

LO 4.4How is the predetermined overhead rate applied?

Business
1 answer:
soldier1979 [14.2K]3 years ago
4 0

Answer:

Please see explanation.

Explanation:

Once the factory overhead rate is determined using the estimated amount of factory overhead and estimated  base, it is used to charge overhead cost to the jobs, products or work performed.

Since, not all overhead costs are known at the time of making the product, (such as electricity bill is received after  the month end) therefore, the estimated rate is used to apply the overhead cost to the job or product using actual  activity level. This is called absorption or application of overheads to the products / jobs.

Due to this, at each period end, the management calculates and compares the actual overhead cost with the  applied overhead cost and determine the over or under applied overheads.

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Select an appropriate topic.

Research and gather ideas about the subject.

Make a list of these important facts.

Create an outline that will organize your facts in a logical way.

Write the essay based on the outline you've created.

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3 years ago
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____ includes the planning, executing, and controlling of all activities involved in raw material sourcing and procurement, conv
seraphim [82]

Answer:

Supply chain management

Explanation:

Managing the supply chain relates to maintaining the day-to-day operations related to the goods and services.  

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3 years ago
Incremental costs - Initial and terminal cash flow
Black_prince [1.1K]

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c. $504,000

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5 0
3 years ago
In an effort to increase customer loyalty, management at Phat International has worked to create a personaldialogue with their c
IRISSAK [1]

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3 years ago
thomas owes $438 on his credit card and was unable to pay more than the minimum payment of $20. unfortunately he mailed the paym
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Answer:

$575.82.

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Since Thomas owes $ 438 on his credit card, but only paid the minimum of $ 20, his debt is now $ 418 (438 - 20). A late fee of $ 39 will be added to this value, which will raise said sum to $ 457 (418 + 39). In turn, the interest rate for unpaid card balances is 26% per month. Therefore, next month his balance will be $ 575.82 (457 x 1.26).

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