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muminat
3 years ago
13

Harrison Inc. applies overhead based on machine hours. Harrison reports the following for the year just ended: Budgeted overhead

for the year $500,000 Budgeted machine hours 25,000 Actual overhead for the year $505,000 Actual machine hours 24,000 What is the amount of over- or under-applied overhead for the year
Business
1 answer:
Verdich [7]3 years ago
8 0

Answer:

idfk

Explanation:

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Immediately after an ice storm brought down power lines throughout the region, hardware stores were sold out of batteries and fl
Lisa [10]

Answer:

D) Markets allocate goods effectively.

Explanation:

The two main principles of capitalism are that individuals are rational and act according to their best self interest, and markets will allocate goods and service more efficiently than governments.

In this case, the stores ran out of batteries and flashlights due to a sudden increase in the demand, but since the stores make a profit by selling batteries and flashlights, they immediately replenished their stocks and were able to satisfy all the customers' needs.

If the stores would have needed government permission for replenishing their inventories, they would have never done it so fast and so efficiently.

7 0
3 years ago
Last month when Holiday Creations, Inc., sold 44,000 units, total sales were $308,000, total variable expenses were $215,600, an
liq [111]

Answer: 1) CM / Sales = CM Ratio

CM = 306,000 - 238,680 = 67,320

CM Ratio = 67,320 / 306,000 = 0.22

2) CM Ratio x 2,500 = 550

Explanation:

3 0
3 years ago
What are The two segments of the organization's environment
vitfil [10]
General and specific
4 0
3 years ago
Cassie's Quilts alters, reconstructs, and restores heirloom quilts. Cassie has just spent $800 purchasing, cleaning, and reconst
Nataliya [291]

Answer:

The correct option is B.

Explanation:

The marginal benefit is the maximum amount which a person or individual is willing to pay in order to have an additional service or benefit. It is the additional satisfaction, which the person receives when an additional service or good is purchased.

So, in this case, Cassie need or require some special fabric which cost her $200 that is the additional amount she need to pay in order to complete the task. But alternatively, she could sell the quilt for $900. Therefore, she had a marginal benefit of $900, if sells the quilt as is now.

3 0
3 years ago
Clampett, Incorporated, has been an S corporation since its inception. On July 15, 2021, Clampett, Incorporated, distributed $50
statuscvo [17]

Answer:the total amount of income J.D. recognizes related to Clampett, Incorporated, in 2021 =$5,000

Explanation:

Income  of J.D related to Clampett = Ordinary income + Capital gain

Given that Basis distribution = $50,000

                   Basis stock = $45,000

                  Ordinary income = $10,000

But Capital gain  = Basis distribution -( Basis stock  + Ordinary income)

Capital gain = $50,000 - ($45,000 +$10,000)

Capital gain =  $50,000 - $55,000

Capital gain =  = - $5,000

Therefore J.D. income related to Clampett = Ordinary income + Capital gain =$10,000 +(- $5,000)

=$10,000 - $5,000

=$5,000

7 0
2 years ago
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