Answer:
$4,200 over applied
Explanation:
For computing the over applied overhead, first we have to find out the predetermined overhead rate which is shown below:
Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)
= $327,080 ÷ 14,800 hours
= $22.1
Now we have to find the actual overhead which equal to
= Actual direct labor-hours × predetermined overhead rate
= 13,900 hours × $22.1
= $307,190
So, the overhead over applied would be
= Actual manufacturing overhead - applied overhead
= $302,990 - $307,190
= $4,200 over applied
Answer:
A) A river from which a company draws water is called land.
Explanation:
There are mainly<u> 4 Factors of Production</u> and these are:
<em>1. Labor </em>
<em>2. Land </em>
<em>3. Capital</em>
<em>4. Entrepreneurship</em>
- <u>Labor doesn't refer to the owner of the company.</u> It refers to the <em>work that is being done in order to finish a particular project or work</em>. This makes choice D incorrect.
- An enterprise refers to the entire company or business. It doesn't limit itself to the supervisors involved. This makes choice C incorrect.
- <u>Capital in the form of money is not a factor of production.</u> Raising finance for a company means raising money. An example of capital as a factor of production is<em> purchasing an equipment for commercial/business purposes</em>. This makes choice B incorrect.
- When it comes to "land" as a factor of production, it refers to the natural resources, which means it includes not only the forests, mountains and the like but <em><u>also the oceans, rivers, lakes, etc. </u></em>as long as it is being used in the production process. This makes choice A correct.
The answer is Job costing. Because Job costing is used for small production of unique products such as yachts.
Answer:
Sales contest.
Explanation:
In this scenario, every monday during the month of December, salespeople who had the highest sales the previous week participated in a package surprise, where each would receive a package containing either a $50 or a $100 bill. This short-term incentive is known as a sales contest.
A sales contest can be defined as a short-term incentive program developed or created by a business entity to motivate its sales personnels in order to achieve specific sales objectives and targets.
<em>Basically, it is mainly competitive so as to motivate and stimulate salespeople to meet set objectives, goals and targets by duly rewarding with prizes. </em>
Answer:
2.20
Explanation:
The formula to compute the total assets turnover ratio is shown below:
Total asset turnover = (Sales revenue ÷ Total assets)
= ($670 ÷ $305)
= 2.20
We simply divide the sales revenue by the total assets, so that the total asset turnover ratio can be computed
All other information which is given is not relevant. Hence, ignored it