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Ann [662]
3 years ago
13

Golden Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direc

t labor-hours were 21,700 hours. At the end of the year, actual direct labor-hours for the year were 20,500 hours, the actual manufacturing overhead for the year was $511,440, and manufacturing overhead for the year was underapplied by $23,540.
The estimated manufacturing overhead at the beginning of the year used in the predetermined overhead rate must have been:

a.$536,065.

b.$487,900.

c.$506,420.

d.$516,460.
Business
1 answer:
Agata [3.3K]3 years ago
7 0

Answer:

b.$487,900.

Explanation:

Underapplied overhead occurs when the actual amount of manufacturing overhead incurred is higher than expected.

Since the manufacturing overhead for the year was underapplied by $23,540 in the question, the estimated manufacturing overhead at the beginning of the year used in the predetermined overhead can be calculated just deducting $23,540 form the actual as follows:

Estimated manufacturing overhead at the beginning of the year =  $511,440 - $23,540 = $487,900.

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5 0
3 years ago
Which of the following types of documents is used to ensure that the project has clear boundaries for what is and is not include
elena55 [62]

4. A scope statement

For example, if you are remodeling your kitchen and dining room the scope statement would say what would be done in those rooms and that NO work would be done in the rest of the house. It is an important document to make sure all parties are on the same page.

8 0
3 years ago
Read 2 more answers
Consider the market demand for peanut butter.Complete the following table by indicating whether an event will cause a movement a
EleoNora [17]

Answer:

A change in the expectations of consumers about prices - a shift of the demand curve for peanut butter

A decrease in the price of peanut butter - a movement along the demand curve for peanut butter

A decrease in the number of consumers - a shift of the demand curve for peanut butter

Explanation:

Only a change in price of a product would lead to a movement along the demand curve for that product.

A decrease in the price of peanut butter would increase the quantity demanded for butter. This would lead to a movement down the demand curve.

A change in the expectations of consumers about prices can shift demand curve either to the left or right.

A decrease in the number of consumers would shift the demand curve to the left.

I hope my answer helps you

8 0
3 years ago
Union Local School District has bonds outstanding with a coupon rate of 4.9 percent paid semiannually and 20 years to maturity.
RUDIKE [14]

Answer:

Ans. Price of the bond is $9,250.57

Explanation:

Hi, first we need to establish the semi-annual coupon of the bond and the semi-annual discount rate (YTM semi-annually)

Coupon=10000*(4.9%/2)= $245

To turn the annaul YTM to semi-annual, we have to use the following equation

YTM(semi-annual)=(1+YTM)^{\frac{1}{2} } -1

YTM(semi-annual)=(1+0.056)^{\frac{1}{2} } -1=0.0276

After all this, we are ready to find the price, here is the math of this.

Price=\frac{245((1+0.0276)^{39}-1) }{0.0276(1+0.0276)^{39} } +\frac{(245+10000)}{(1+0.0276)^{40} } =9250.57

Best of luck.

4 0
3 years ago
Suppose Brazil has a comparative advantage in coffee production and Mexico has a comparative advantage in tomato production. If
lawyer [7]

Answer:

The correct answer is A. Brazilian tomato producers are worse off.

Explanation:

A country has a comparative advantage in producing a good and service if its opportunity cost of producing that good and service is lower than that of its trading partner. So it is better off for a country that has a lower opportunity cost in production a good or service to specialise in that good or service.

Brazil has a comparative advantage in coffee production, meaning, it is better off in specialising in the production of coffee and will be worse off if Brazil specialises in Tomato

Mexico has a comparative advantage is Tomato, meaning, she is better off in specialising in Tomato and worse off if she specialises in Coffee

6 0
3 years ago
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