Answer:
$ 464,120
Explanation:
Data provided :
Estimated total fixed manufacturing overhead = $ 492,000
Estimated machine hours = 30,000 hours
Actual total fixed manufacturing overhead = $ 517,000
Actual total machine-hours during the period = 28,300 hours
Estimated overhead Rate is given as:
= ( Estimated Fixed Manufacturing Overhead) / (Estimated Machine Hours )
or
Estimated overhead Rate = $ 492,000 / 30,000 hours = $ 16.4 / hr
Now,
the total amount of overhead = overhead Rate × Actual total machine-hours
or
the total amount of overhead = $ 16.4 / hr × 28,300 hours = $ 464,120
Answer:
A. increase; decrease; increase
Explanation:
If the inflation of United States is lower than in other countries, it means that the price level of United States products are relatively lower than price of products in other countries. So that, the foreign consumers want to buy U.S products more, leading to the increase in U.S. export.
Similarly, as the price of products in other countries are higher than that in the U.S., so that the U.S. residents want to buy domestic products more, reducing the imports of products from other countries, leading to the decrease in the U.S. import.
As the Net export = Export ↑- Imports↓
=> The Net export of US would increase
Answer:
The correct answer is letter "C": Cash, marketable securities, and receivables.
Explanation:
The quick assets of a company can easily be converted into cash. Quick assets include <em>cash, account receivables, </em>and<em> marketable securities</em>, which are equity and debt securities that can be converted into cash within one year. To calculate the company's quick assets add its cash, account receivables, and marketable securities and subtract its inventory from that result.
Answer:
Any value given up from not choosing the other options is the <u>opportunity cost</u>
Explanation:
The cost of opportunity is the alternative that you sacrifice when you choose an option.
It represent the benefits that you misses out on when choosing one alternative over another.
In this case, the cost of opportunity is to plant crops.
Answer:
Explanation:
Before recording the journal entry, first we have to determine the total cost which is shown below:
= Purchase price + sales tax + Shipment of machine + Installation of machine
= $63,000 + $5,400 + $880 + $1,760
= $7,1040
Now the journal entry would be
Equipment A/c Dr $7,1040
Prepaid insurance A/c Dr $580
To Cash A/c $3,220 ($880 + $1,760 + $580)
To Accounts payable $68,400 ($63,000 + $5,400)
(Being the expenditure and equipment value is recorded)
