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Dahasolnce [82]
3 years ago
7

Morris company applies overhead based on direct labor costs. For the current year, morris company estimated total overhead costs

to be $404,000, and direct labor costs to be $2,020,000. Actual overhead costs for the year totaled $383,000, and actual direct labor costs totaled $1,810,000. At year-end, factory overhead is:
Business
1 answer:
spin [16.1K]3 years ago
8 0

Answer:

At year-end, factory overhead is $21,000

Explanation:

Predetermined overhead rate = (Estimated overhead costs/Estimated direct labor costs)

Predetermined overhead rate = ($404000 / $2020000) = 20%*Direct labor costs

Hence, Applied overhead costs= (20% * $1,810,000)

Applied overhead costs=$362000.

Hence balance in factory overhead account at year end = $383,000 - $362,000  

=$21,000.

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Answer:

Profit

Explanation:

Profit goals is very essential in business in order to meet the set target. It is important to set a profit goals under to have a good returns for the business as well as the investors involved, it gives an insight to device the best strategy for great returns financially. theoretically, profit goals= summation of all sales / Units of sales

It should be noted that Seeking to obtain as high a financial return on their investments (ROI) as possible, firms will often set profit goals.

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3 years ago
According to the law of supply what's the result of an increase in the supply of workers for a job if all other factors remain e
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Answer:

According to the law of supply, an increase in the supply of workers for a job if all other factors remain equal means the company wants to be efficient and it is also proof that the company is making more profit which signals the demand for the commodities they produced as increased drastically.

Explanation:

The law of supply work in the dimension of price, the number of goods available in the market, and it is hugely affected by demand. Now, when the price of goods decreases, it makes production by producers decrease as well and staffs are also laid off to avoid profit loss by the producers. This changes when the price of commodity increases as it makes producers of the commodity have the capacity to employ more staff to maximize time and this also causes the producers to increase sales. However, the higher demand for a commodity would also increase the supply of that commodity.

6 0
3 years ago
Suppose that the government decides to regulate this natural monopolist by requiring the firm to charge a price of P2. Which is
Natali5045456 [20]

If the government takes this approach, consumer surplus would increase.

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Please find attached the graph required to answer this question. To learn more, please check: brainly.com/question/15415230

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A 60-year old retiree is in a very low tax bracket. He has a low risk tolerance and wishes to make an investment that will provi
pickupchik [31]

Complete Question:

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C. Bank CD

Explanation:

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4 0
3 years ago
How can you solve circle geometry in a simple way​
lisabon 2012 [21]

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Explanation:

Hope that helped

8 0
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