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Dimas [21]
3 years ago
14

At the beginning of the year, Zinc Inc. estimated that overhead would be $115,000 and direct labor hours would be 23,000. At the

end of the year, actual overhead was $175,900 and there were actually 35,000 direct labor hours.
What is the overhead variance?

a. $900 underapplied
b. $300 underapplied
c. $700 overapplied
d. $600 overapplied
e. $800
Business
1 answer:
Basile [38]3 years ago
6 0

Answer:

a. $ 900 underapplied

Explanation:

Based on the data provided we conclude that the factory overhead is applied on the basis of direct labour hours.

Determination of Overhead rate

Estimated overhead                                                             $ 115,000

Direct labour hours                                                                  23,000 hours

Overhead rate per direct labor hour is $ 115,000/ 23,000 = $ 5 per direct labor hour

Amount of applied overhead = Direct Labor hours * Overhead rate per hour

Applied Overhead = $ 5 * 35,000                                        $ 175,000

Actual Overhead                                                                    <u>$ 175,900</u>

Underapplied Overhead                                                        $(     900)

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8 0
2 years ago
Barbara Smith is an employee of Allied Manufacturing Company. She has an 8-hr workday and each day is paid $0.60 for each unit p
MariettaO [177]

Answer:

$309

Explanation:

The computation of the gross earning for the week is as follows:

Given that

Payment of $7.15 × 8 = $57.2  or payment of  each unit produced whichever is greater

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But the greater is $57.2

On thursday

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8 0
2 years ago
Frank purchased his house 16 years ago by taking out a 25-year mortgage for $150,000. the mortgage has a fixed interest rate of
Andrej [43]
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A=P(1+r/100)^n
where:
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n=16 years
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A=150000(1.05)^16
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4 0
3 years ago
Read 2 more answers
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Temka [501]

Answer:

C. $65,800

Explanation:

Fixed csot: those which do not change for a relevant range with the production output. They aer constant.

Factory insurance                  21,000        

Factory insurance                  13,000

Factory manager's salary     10,800

Janitor's salary                        5,000

Property taxes:                 <u>      16,000  </u>

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The direct materials and direct labor are variable cost as they drop to zero if no unit is produced.

Same goes with packaging cost, if no unit is produced then, no packagin is needed.

6 0
3 years ago
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