Answer:
Close the $2,500 to Cost of Goods Sold.
Explanation:
Underapplied Overhead bis the portion of actual factory overhead cost that was not allocated to units of production. Since overhead cost do not contribute directly to production they need to be allocated to units produced. For example rent paid is $300 and goods produced was 50. The allocated amount per unit produced will be 300/50= $6 per unit.
When overhead is underapplied there is descrepancy between the standard amount allocated and the actual overhead cost. In this case a sum of $2,500.
To remedy this we need to close the $2,500 to Cost of Goods Sold.
Answer:
net income $72,000
Explanation:
The computation of the amount that should be reported is shown below:
Revenue $600,000
less:
operating expense -$420,000
restructing costs -$100,000
interest expense -$20,000
Add: gain on sale of investments $30,000
EBIT $90,000
less income tax at 20% - $18,000
net income $72,000
Answer:
Kindly check explanation
Explanation:
The regression model :
Y; = Bo + BiX; + ui
ui in the regression model represents other underlying factors aside the model variables which may affect the final exam score of student. These factor will almost likely vary from student to student and may include factors such as ; rate of assimilation, natural brilliance, psychological factors and so on.
E(ui|X) = 0 ; because ui and Xi are independent.
The estimated model is Y; = 49+0.24X;.
i. Based on the estimated model, predict the average score of students given 90 minutes.
X = 90 minutes
Y; = 49+0.24(90)
Y = 70.6
Repeat for 120 minutes and 150 minutes.
X = 120 minutes
Y; = 49+0.24(120)
Y = 77.8
X = 150 minutes
Y; = 49+0.24(150)
Y = 85
ii. Compute the average predicted gain in score for a student who is given an additional 10 minutes on the exam.
Gain in score for student Given additional 10 minutes :
Gain in score for X = 10
0.24X
= 0.24(10)
= 2.4
Concentration ratio refers to the measure of the total output produced in an industry by a given number of firms in the industry. Concentration ratio is calculated as the sum of the market share percentage held by the largest specified number of firms in a particular industry. The concentration ratio ranges from 0% to 100%. The ratio indicates the degree of competition in that industry.
