1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lutik1710 [3]
3 years ago
15

At the end of the year, a company has a $1,200 debit balance in Manufacturing Overhead. As a result, the company:a.makes an adju

sting journal entry by debiting Manufacturing Overhead for $1,200 and crediting Manufacturing Overhead for $1,200. b.makes no adjusting journal entry because the difference between actual overhead and the amount applied are a normal part of job order costing and will average out over the next year. c.makes an adjusting journal entry by debiting Manufacturing Overhead Expense for $1,200 and crediting Manufacturing Overhead for $1,200. d.makes an adjusting journal entry by debiting Cost of Goods Sold for $1,200 and crediting Manufacturing Overhead for $1,200.
Business
1 answer:
Nonamiya [84]3 years ago
5 0

Answer:

d. makes an adjusting journal entry by debiting Cost of Goods Sold for $1,200 and crediting Manufacturing Overhead for $1,200.

Explanation:

The debit balance of $1,200 in the Manufacturing Overhead account represents under-applied overhead.  To ensure that the Cost of Goods Sold is accurate, the debit balance is debited to the Cost of Goods Sold while the corresponding credit goes to the Manufacturing Overhead account.

You might be interested in
Which is a result of frequent change requests from client?
barxatty [35]

Answer:

D. project completion constraints

Explanation:

project completion constraint can be described as condition that influence the action or set of action that are involved in the completion of the project team, and this result in frequent change requests from client.

These could be time, cost and scope.

Therefore, among the given options, option D is correct.

8 0
3 years ago
If you purchase health insurance from a federal- or state-facilitated health insurance marketplace, then you are eligible for a
aev [14]
<span>If you purchase health insurance from a federal- or state-facilitated health insurance marketplace, then you are eligible for a premium tax________?  Return Tax return</span>
7 0
3 years ago
Bass new product forecasting model is used for estimating long term sales potential of a product True False
kobusy [5.1K]

Answer:

True

Explanation:

The Bass New forecasting model is a forecasting model that is commonly used to estimate the sales of a product at a certain in future and it is used for highly durable goods.

The bass new forecasting model wad developed by Frank Bass and it has a formula

<u> f ( t )   </u>    =   p + qF ( t )

1 - f ( t )

where:

f ( t )  is the change of the installed base fraction

F(t) is the installed base fraction

p is the coefficient of innovation

q is the coefficient of imitation

Cheers.

7 0
3 years ago
If the rate of inflation remains the same at 2% during the 5-year life of a TIPS bond with a coupon of 3%, what would the nomina
Vaselesa [24]

Answer:

C $1,104

Explanation:

TIPS are the form of bonds which are specially designed for the purpose to protect the investors against the inflation.

The principal value of the bond in case of TIPS is adjusted for yearly inflation.

Based on the above discussion the value of TIPS bond can be calculated using the below formula:

Value of bond at maturity=Principal amount (1+inflation rate)^5

                                         =1,000(1+2%)^5

                                         =1,104

 So the answer is C $1,104

4 0
3 years ago
The management of Metro Printers is considering a proposal to replace some existing equip- ment with a new highly efficient lase
Veseljchak [2.6K]

Answer:

Net present value of proposal $168,166

Explanation:

Check attachment

3 0
3 years ago
Other questions:
  • In which situation would a savings bond be the best investment to eam interest
    8·1 answer
  • Distinguish between serial activities and concurrent activities why do we seek to use concurrent activities as a way to shorten
    15·1 answer
  • Based on the table, which of the following is true?
    9·2 answers
  • Which of the following competitors mentioned in the textbook should the owner of a Wendy's restaurant monitor closely due to its
    15·1 answer
  • You wish to retire in 10 years, at which time you want to have accumulated enough money to receive an annual annuity of $13,000
    13·1 answer
  • "A process of closer integration and exchange between different countries and peoples worldwide, made possible by falling trade
    11·1 answer
  • On January 1, Year 1, Barrett, Inc., purchased equipment and signed a note agreeing to pay $100,000 on December 31, Year 3. The
    7·1 answer
  • The Greeson Clothes Company produced 25,000 units during June of the current year. The Cutting Department used 6,380 direct labo
    10·1 answer
  • which what-if analysis tool is the best option for complex calculations requiring constrained optimization?
    9·1 answer
  • A situation that requires an adjusting entry that is not a prepayment or an accrual entry is:_________
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!