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3 years ago

The following data pertain to the Oneida Restaurant Supply Company for the year just ended.

Business

1 answer:

dimulka [17.4K]3 years ago

8 0

Answer:

Predetermined overhead rate = Budgeted manufacturing rate/Allocation base

a. Machine hours

= 364,000 / 8,000

= $45.5

Predetermined overhead rate = $45.5

Direct-labor hours

= 364,000 / 20,000

= $18.2

Predetermined overhead rate = $18.2

Direct-labor dollars

Budgeted labor hours = 20,000 * $14 = $280,000

Predetermined overhead rate = 364,000 / $280,000 = $1.3

b. Machine hours

Manufacturing overhead applied = Actual machine hours * Predetermined overhead rate = $45.5 * 11,000 = $500,500

Over/Under applied overhead = 336,000 - 500,500

Over-applied overhead = $164,500

Direct-labor hours

Manufacturing overhead applied = Actual direct-labor hours * Predetermined overhead rate = $18.2 * 18,000 = $327,600

Over/Under applied overhead = 336,000 - 327,600

Under-applied overhead = $8400

Direct-labor dollars

Manufacturing overhead applied = Actual direct-labor hours * Actual direct-labor rate * Predetermined overhead rate

Manufacturing overhead applied = 18,000 * $15 * $1.3 = 351,000

Over/Under applied overhead = 336,000 - 351,000

Over-applied overhead = $15,000

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1 year ago

What are the different types of economic measurements used to analyze most economies

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Answer:

The levels of poverty.

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The above are some of the distinct types of economic measurement methods that are employed to analyze the economic growth of a nation. The higher poverty level affects the economic growth negatively. Similarly, the exchange rate, the labor productivity, the amount of national debt, income inequality, etc. are the key factors that displays the economic health of a country. It helps show how well a nation has performed in a specific duration and where they are lagging behind in comparison to other nations.

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3 years ago

Dr. Tylka is studying the way that people value relationships. For the purpose of her study, she defines an interest in relation

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Answer:

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2 years ago

Suppose that initially a bank has excess reserves of $800 and the reserve ratio is 30%. Then Andy deposits $1,000 of cash into h

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Answer:

excess reserves after lending = $900

so correct option is C) $900

Explanation:

given data

reserves = $800

reserve ratio = 30%

deposits = $1,000

bank lends = $600

to find out

That bank can lend an additional

solution

first we get required reserves from new deposit that is express as

required reserves = deposit × reserve ratio ......................1

put here value

required reserves = $1000 × 30%

required reserves = $300

and

now excess reserves from new deposits will be

excess reserves = deposits - required reserves .......................2

put here value

excess reserves = $1000 - $300

excess reserves = $700

and

total excess reserves will be here

total excess reserves = old excess reserves + new excess reserves ...........3

put here value

total excess reserves = $800 + $700

total excess reserves = $1500

so that

excess reserves after lending is here express as

excess reserves after lending = excess reserves - amount given to Molly ..........................4

put here value

excess reserves after lending = $1500 - $600

excess reserves after lending = $900

so correct option is C) $900

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3 years ago