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Natasha_Volkova [10]
3 years ago
5

CWN Company uses a job order costing system and last period incurred $89,000 of actual overhead and $100,000 of direct labor. CW

N estimates that its overhead next period will be $66,000. It also expects to incur $100,000 of direct labor. If CWN bases applied overhead on direct labor cost, its predetermined overhead rate for the next period should be:
Business
1 answer:
swat323 years ago
5 0

Answer:

Predetermined overhead rate for the next period is $0.66 per $1 of labor cost

Explanation:

Predetermined overhead rate is calculated by dividing the Expected overhead by the Expected level of activity on which the overhead is applied. It is a rate at which the overhead is applied to a product / project/ department.

Predetermined overhead rate = Expected overhead / Expected activity

Predetermined overhead rate = Expected overhead / Expected direct labor cost

Predetermined overhead rate = $66,000 / $100,000

Predetermined overhead rate = $0.66 per $1 of labor cost

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A regular checking account commonly earns interest true or false
gayaneshka [121]

Answer: False

Explanation: Traditionally, checking accounts are not interest-bearing accounts as savings accounts are, as they're designed for short-term cash that you'll spend soon. Savings accounts are better-known for earning interest, but these accounts ordinarily limit how often you can make certain withdrawals from the account.

Hope this helps! Brainlist?

7 0
3 years ago
Read 2 more answers
Price is a concept relating to how post-deregulation transportation firms determine and impose charges for their services. which
Gnoma [55]

Answer:

The correct answer is option c.

Explanation:

The price of a product is the value of the product that is determined in the market through the working of the market forces. After deregulation, the price of any product or service such as transportation is determined in the market.

It is determined by the interaction of the demand for transportation and the supply of transportation.

8 0
3 years ago
A bank service charge of $10 would be included on the bank reconciliation as a(n):_____.
iris [78.8K]

A bank service fee of $10 would be included on the bank reconciliation as on the last day of the bank statement

<h2>What exactly does a bank reconciliation include?</h2>

Starting with the bank's ending cash balance, adding any deposits that are currently being made up of the company to the bank, subtracting any checks that haven't yet been cleared by the bank, then either adding or subtracting any other items completes the basic process flow for a bank reconciliation.

<h3>A bank reconciliation is what?</h3>

At the conclusion of every month, a business should perform a bank reconciliation, which is that the process of confirming the correctness of both the bank statement and the cash accounts.

The most frequent reasons why the ending bank balance and ending book balance of cash differ.

Learn more about bank reconciliation :

brainly.com/question/15525383

#SPJ4

7 0
1 year ago
Please fill in the blanks with appropriate option.
Fiesta28 [93]

Answer: Please refer to Explanation

Explanation:

1. Inflationary Gap.

Due to the availability of more disposal income due to tax cuts, more amount is being spent on consumption leading to a rise in actual GDP which is more than the potential GDP as the economy has not adjusted.

2. Output Gap.

This is the difference between the Actual GDP and the Potential GDP.

3. Demand Shock

This increases or reduces Aggregate Demand due but only temporarily.

4. Recessionary Gap.

This is where actual GDP falls below Potential GDP.

5. Supply Shock.

Like a demand shock, it suddenly increases or reduces the supply of goods and services. It is temporary as well.

6. Self Correction

Economists believe that in the long run, the Economy is capable of adjusting to shocks and returning to it's potential and natural levels.

8 0
3 years ago
Which explains a way banks channel money from savers to borrowers? (study island)
Andrew [12]
Banks lend money from saving accounts to people who need loans 
5 0
3 years ago
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