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Sveta_85 [38]
3 years ago
12

Harwood Company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. The company's

predetermined overhead rate of $2.40 per machine-hour was based on a cost formula that estimates $192,000 of total manufacturing overhead for an estimated activity level of 80,000 machine-hours.
Business
1 answer:
Damm [24]3 years ago
5 0

Answer:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base (machine hours)

Explanation:

Giving the following information:

The company's predetermined overhead rate of $2.40 per machine-hour was based on a cost formula that estimates $192,000 of total manufacturing overhead for an estimated activity level of 80,000 machine-hours.

To allocated overhead costs to a specific job, you need to multiply the estimated rate for the number of machine-hours required for the job.

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base (machine hours)

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3 years ago
Most economists would probably argue that the best interests of international business are served by.
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Indeed, most economists would argue that the best interests of international businesses are served by a <u>free-trade stance</u>.

<h3>What is a free-trade stance?</h3>

A free-trade stance is a government policy that does not restrict imports and exports because there are no import tariffs or export subsidies.

A free-trade stance is also known as laissez-faire policy because under a free-trade policy, goods and services are exchanged across international borders with little or no government interventions in the forms of tariffs, quotas, subsidies, or prohibitions.

Trade protectionism, which creates economic isolationism, is the direct opposite of the concept of free trade.

Thus, indeed, most economists would argue that the best interests of international businesses are served by a <u>free-trade stance</u>.

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4 0
1 year ago
Online auction sites that involve business transactions between users of products and services are categorized as _____ e-commer
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Online auction sites that involve business transactions between users of products and services are categorized as consumer-to-consumer (C2C) e-commerce.

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1 year ago
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alexandr402 [8]

Answer:

Patent-investing activity

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issuance of note payable-financing activity

Increase in inventory-operating activity

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The purchase of patent as intangible asset is reported as an investing activity item as an outflow of cash from the business.

Depreciation expense is meant to added to net income  in arriving at the net cash flows from operating activities

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7 0
2 years ago
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