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GuDViN [60]
3 years ago
11

Rist Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. The Corporat

ion estimated that it would incur $255,000 in manufacturing overhead during the year and that it would work 100,000 machine-hours. The Corporation actually worked 105,000 machine-hours and incurred $270,000 in manufacturing overhead costs. By how much was manufacturing overhead underapplied or overapplied for the year? (Round your intermediate calculations to 2 decimal places.)
Business
1 answer:
Vladimir [108]3 years ago
4 0

Answer:

underapplied by 2,250

Explanation:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

we will distribute the expected cost of overhead  ovwer the cost driver. In this case, machine hours:

255,000 / 100,000 = 2.55

Then we multiply thew rate by the amount of actual hours:

105,000 x 2.55 = 267,760

We compare with the appleid overhead:

267,760 - 270,000 = -2,250

As the actual overehad was higher than applied overhead the overhead was underapplied

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Answer:

<u>Interpersonal </u>

Explanation:

When a conflict arises between individual members of an organization owing to differences in goals and values, such a conflict is referred to as interpersonal conflict.

As the word interpersonal suggests, inter i.e between and personal i.e person to person conflict, interpersonal conflict arises when the goals and values of individuals differ owing to which disagreements arise.

Goals and values may differ owing to several factors. Individual values are an outcome of an individuals own conscience and judgement apart from the society, an individual belongs to.

Such a situation is undesirable as it disrupts the coordination among employees and at the same time creates an atmosphere which is non conducive.

8 0
3 years ago
A company has a retention rate of 50%, sales of $25,000, beginning equity of $50,000 and profit margins of 10%, an asset turnove
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Answer:

Sustainable Growth Rate: 2.5%

Explanation:

Sustainable growth rate is calculated by multiplying return on equity with retention ratio.

Logic behind above is that whatever portion of net profit is retained by the Company, is used in the Company's operations, which earns certain percentage of equity known as return on equity. By multiplying both return on equity with retention ratio, we assume that the practice will continue for foreseeable future and the Company will continue to grow at the calculated growth rate.

Growth rate = Retention ratio * return on equity

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Return on equity = Net profit available for distribution / Opening equity

Return on Equity = (25,000 * 10%) / 50,000

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Growth Rate = 5% * 50%

Growth Rate = 2.5%

5 0
3 years ago
Describe voluntary exchanges
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Voluntary exchange is the actions of buyers and sellers freely coming together in the marketplace to buy and sell goods. They are not restricted or told what to buy, how to buy it, or how much, by the government or any other regulator.

6 0
3 years ago
Suppose Intel stock has a beta of 1.6, whereas Boeing stock has a beta of 1. If the risk-free interest rate is 4% and the expect
AnnyKZ [126]

Answer: see affixed, a document containing the solution

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3 years ago
Transactions for Sheridan Company for the month of May are presented below. Prepare journal entries for each of these transactio
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Answer:

May 1

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Common Stock $4,350(credit)

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Accounts Payable $1,055 (credit)

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