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kherson [118]
3 years ago
7

The following annual amounts pertain to ABC Company: Estimated Overhead Costs $ 101,988 Estimated Direct Labor hours 67,992 If a

ctual direct labor worked in February was 6,000 hours, how much overhead cost would be applied to work-in-process for the month
Business
1 answer:
maria [59]3 years ago
8 0

Answer:

applied overhead for February 9,000

Explanation:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

expected overhead 101,988

estimated cost dirve 67,992

overheead rate:

\frac{101,988}{67,992}= Overhead \:Rate

Overhead rate = 1.5

Now, applied overhead:

driver usage x rate

6,000 labor hours x 1.5 per hour = $9,000

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Yo-Down Inc. produces yogurt. Information related to the company’s yogurt production follows:
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Answer:

Yo.Down Inc.

Determination of Support Department 1 costs to be allocated to each production department:

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Explanation:

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A proprietorship has three important advantages: (1) It is easily and inexpensively formed, (2) it is subject to government regu
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Answer:

<em>A proprietorship has three important advantages: </em>

(1) It is easily and inexpensively formed,

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<em>However, a proprietorship also has three important limitations: </em>

(1) A proprietor has personal liability for the business' debts.

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(3) A proprietorship has difficulty obtaining large sums of capital so proprietorships are used primarily for small businesses.

As all company structures, proprietorships have both advantages and disadvantages. Although the advantages mainly relate to feasibility, the disadvantages are often overlooked. The main disadvantage is the total liability of the owner, which is detrimental if the business faces tough times, which lead to liquidation.

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In pursing its own interest, an oligopoly firm will decide to increase production by 1 unit as long as
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