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
svp [43]
3 years ago
15

​Lakeside, Inc. estimated manufacturing overhead costs for the year at $377,000​, based on 180,000 estimated direct labor hours.

Actual direct labor hours for the year totaled 196,000. The manufacturing overhead account contains debit entries totaling $391,000. The Manufacturing Overhead for the year was​ ________. (Round any intermediate calculations to two decimal​ places, and your final answer to the nearest​ dollar.) A. $18,640 underallocated
Business
1 answer:
ozzi3 years ago
3 0

Answer:

$18,640 over - applied

Explanation:

For calculating the over-allocated or under-allocated amount, first, we have to compute the predetermined overhead rate which is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

= $377,000 ÷ 180,000 hours

= $2.09

Now we have to find the actual overhead i.e.

= Actual direct labor-hours × predetermined overhead rate

= 196,000 hours × $2.09

= $409,640

So, the ending overhead equals to

= Actual manufacturing overhead - actual overhead

= $391,000 - $409,640

= $18,640 over - applied

You might be interested in
Elise Corporation has the following sales mix for its three products: A, 20%; B, 35%; and C, 45%. Fixed costs total $400,000 and
Aneli [31]

Answer:

800 units of product A must be sold for break-even

Explanation:

Given, weighted-average contribution is $100.

Total break-even units = Total fixed cost  / Weighted-average contribution

Total break-even units = $400,000  / $100

Total break-even units = 4,000 units

Product A break-even = 4,000 x 20%

Product A break-even = (800 units)

Hence, the correct answer is 800 units.

6 0
3 years ago
How does funding from national savings differ from funding obtained from capital inflows? National savings are repaid domestical
jolli1 [7]

Answer:

National savings are repaid domestically, whereas capital inflows are repaid to a foreigner.

Explanation:

National savings refer to the portion of the income that is not consumed, or  spent by government. It is the combined or aggregate value of all private savings and the budget balance. Therefore, national savings are repaid domestically when borrowed.

Capital inflow refers to the net amount of funds that is moved into a particular benefiting company from another country. It is usually in form of investments by foreigners and it is meant to be paid back to them.

6 0
2 years ago
Fundamental analysis shows that stock in Cedar Valley Furniture Corporation has a price that exceeds its present value. Group of
barxatty [35]

Answer:

The correct option is :

This stock is overvalued; you shouldn't consider adding it to your portfolio.

Explanation:

The stocks that are in cedar valley corporation has a price that exceedes its present value from this statement the first given option doesn't justify as the stocks rates are not undervalued.

Now, in the second option its again given that the stock will be overvalued which is true but it should be added to the portfolio is not correct. so, this option is not considered.

In the third option it mentions that stock is overvalued which is the correct option and also that it shouldn't be added in portfolio.

And the last one states that its undervalued which restricts the option at this point only.

So, third option is correct.

5 0
2 years ago
As governor, Marcy has decided that anyone who works but earns less than $20,000 a year will have their health insurance premium
harina [27]

Answer:

They have risen.

Explanation:

Demand has increased, but supply has remained constant.

8 0
3 years ago
Given the list of accounts below, identify which of them would appear on a balance sheet. (Check all that apply.)
aksik [14]

Answer:

(A) Accounts Payable - Liabilities

(D) Equipment  - Assets

(E) Supplies  - Assets

(F) Retained earning - Owner's Equity

(H) Cash  - Assets

Explanation:

The major categories in a balance sheets are: Assets, Liabilities and Owner's Equity,

Assets are many things (as equipment, machinery, Receivables, etc)  that belongs to the company, please see details in the answer.

Liabilities represent the obligations of the company with all kind of creditors.

And finally Owner's Equity it's the Capital that support part of the Assets along with the Liabilites.

4 0
2 years ago
Other questions:
  • Many of the responsibilities associated with working in a professional sport organization, such as the National Football League
    7·1 answer
  • Qs 14-2 fixed and variable costs lo c2 a cell phone company offers two different plans. plan a costs $80 per month for unlimited
    11·1 answer
  • had the following balances and transactions during​ 2018: Beginning Merchandise Inventory 10 units at $74 March 10 Sold 7 units
    13·1 answer
  • The Thomlin Company forecasts that total overhead for the current year will be $11,420,000 with 157,000 total machine hours. Yea
    7·1 answer
  • LeMay Department Store uses the retail inventory method to estimate ending inventory for its monthly financial statements. The f
    12·1 answer
  • Arrow Printers paid $2,000 interest on short-term notes payable, $10,000 interest on long-term bonds, and $6,000 in dividends on
    13·1 answer
  • What is least likely and most likely to do ?
    7·1 answer
  • When a binding price ceiling is imposed on a market to benefit buyers,
    10·1 answer
  • The average national utility price is $270. 48. Over a 6-month period, what is the average utility price in Dallas? How does thi
    9·1 answer
  • four seasons why it is important for a novice entrepreneur to build positive relationships with customers
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!