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barxatty [35]
3 years ago
9

Middlesex manufacturing uses a predetermined overhead rate based on direct labor cost to apply manufacturing overhead to jobs. L

ast year, the company's estimated manufacturing overhead was $1,200,000 and its estimated level of activity was 50,000 direct labor-hours. The company's direct labor wage rate is $12 per hour. Actual manufacturing overhead amounted to $1,340,000, with actual direct labor cost of $650,000. For the year, manufacturing overhead was:
Business
1 answer:
valkas [14]3 years ago
8 0

Answer:

Under applied = - 40000

Explanation:

Given the estimated manufacturing overhead = $1200000

The direct labor hour = 50000

Direct labor wage rate = $12 per hour

Actual overhead value = $1340000

Now first find the pre-determined overhead rate.

Pre-determined Overhead Rate = 1200000/50000 = 24  

Now find the applied overhead.

Now the Applied Overhead = 650000/12 × 24 = 1300000

Given Actual Overhead = 1340000

Under applied = 1300000 - 1340000 =- 40000

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alekssr [168]
To own a electrical business
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2 years ago
Francis, Inc. acquired 40% of Park's voting stock on January 1, 2020 for $420,000. During 2020, Park earned $120,000 and paid di
kirill [66]

Answer:

correct answer is b. $444,000

Explanation:

given data

acquired = 40%

voting stock = $420,000

2020 Park earned =  $120,000

2021 Park earned =  $160,000

paid dividends = $50,000

paid dividends = $40,000

sold half of its stock in Park = $275,000

solution

we get here Balance at December 31 2020 that is express as

Balance at December 31  = Acquisition price  +  share in net income-share in dividend   .........................1

put here value we get

Balance at December 31  =  420000 + (120000 × 0.4) - (60000 × 0.4)

Balance at December 31  = 444000

so correct answer is b. $444,000

7 0
3 years ago
Some managers encourage employees to make their own decisions. This type of management is called _____
nataly862011 [7]
This type of decision making is Democratic
7 0
3 years ago
Read 2 more answers
True or False: Economists believe that social regulation is an exception to the MB = MC rule because social regulation should in
Soloha48 [4]

Answer:

TRUE

Explanation:

The statement is True. Economists believe that social regulation is an exception to the MB=MC rule. The social regulation is an important aspect for a company as a repsonsibility towards the society. There must be awareness among the customers about the products offered to them and advantages of its utilisation to them. This includes the efforts of the companies to advertise the product ina proper manner. It also requires the company to be fair with their customers with respect to the ingredients or the raw material to be used by the manufacturers of the products. The working conditions of the manufacturing firms must be adequate for the employees to deliver an efficient product.

Thanks

8 0
3 years ago
A marketing professor in Ithaca, New York, maintains a museum of failed consumer products. Most new products in this museum fail
Nesterboy [21]

Answer:

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Explanation:

Test marketing is an experimental test of a product in a real life market. Buyers are studied in live shops or market without them knowing. It is conducted on a small scale to see the effectiveness of a marketing strategy.

When the products do not perform well at the test marketing phase it is assumed it will not also perform well in the real market, so they are termed failed products.

The marketing manager in Ithaca maintains a museum of failed consumer products from the test marketing stage.

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3 years ago
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