1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sunny_sXe [5.5K]
3 years ago
8

Acton Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its m

ost recent year of operations. Estimated manufacturing overhead $73,440 Estimated machine-hours 1,800 Actual manufacturing overhead $68,700 Actual machine-hours 1,710 The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the purpose of computing the company's predetermined overhead rate for the year. The applied manufacturing overhead for the year is closest to:
a. $67,689
b. $69,768
c. $68,407
d. $69,050
Business
1 answer:
algol [13]3 years ago
5 0

Answer:

option (b) $69,768

Explanation:

Data provided in question:

Estimated manufacturing overhead = $73,440

Estimated machine-hours = 1,800

Actual manufacturing overhead = $68,700

Actual machine-hours = 1,710

now,

The predetermined overhead rate = \frac{\textup{Estimated manufacturing overhead}}{\textup{Estimated machine-hours}}

or

The predetermined overhead rate = \frac{\textup{73,440}}{\textup{1,800}}

or

The predetermined overhead rate = $40.8 per hour

Therefore,

The applied manufacturing overhead for the year

=  Actual machine-hours × predetermined overhead rate

= 1,710 × $40.8

= $69,768

Hence,

the correct answer is option (b) $69,768

You might be interested in
The primary goal for the blue ginger multi-grain blue rice chips campaign should be
Rufina [12.5K]

The primary goal of the campaign for blue guava inter blue rice chips should be to educate.

What exactly is the goal?

A goal is an aim or aim that someone is attempting to reach. A goal can also be the finish line of a racial group or some such into which a player attempts to place an object as part of the game. Goal can also be used as a noun in other contexts. A goal is an objective or objective toward which you work hard and persistently.

Why are goals important?

Setting objectives can assist us progress in life. Goals provide us with a road map to follow. Even if we fail, goals are a wonderful method of holding ourselves accountable. Setting objectives and working toward them assists us in defining.

To know more about Goals visit:

brainly.com/question/6478420

#SPJ4

5 0
1 year ago
Which account will appear in the sales ledger?
lara [203]

Answer:

A- Gill, a credit customer

Explanation:

A journal entry involves the process of keeping the records of business transactions made by an organization.

Journal entries are mainly used by bookkeepers and accountants. Ideally, it is important that a journal has all of following informations; date, reference number, debit balance, credit balance and transaction description.

A sales ledger can be defined as an accounting book that comprises of the individual account of each customer of a business firm and records the money received for goods or services purchased, whether the payment has been received or not.

Simply stated, a sales ledger sequentially records all sales that have taken place in a business, whether or not payment have been received.

This ultimately implies that, a sales ledger contains accounting information on all sales transaction made by a company including, money received for its goods and services and money owed by its customers.

Hence, the account which will appear in the sales ledger is that of Gill, a credit customer.

6 0
2 years ago
Which of these are loans to businesses or governments?
Yanka [14]
<span>Bonds are actually a type of borrowing or loans most businesses and governments use. They represents an alternative to the common bank loans, however they enable loan of higher amounts of money, that governments need but ordinary banks are not able to provide.</span>
5 0
3 years ago
Read 2 more answers
What is the purpose of jim lentz’s series of presentations to toyota employees in california?.
Serggg [28]
<h3>Answer</h3>

To address employees concerns and provide details about relocation.

<h3></h3>

Explanation

CEO Jim Lent addressed the employees at Toyota to their concerns and to inform them about the relocation that is planned at a board level and then it is to be implemented.

CEO of Toyota is therefore addressing the employees to provide them details about relocation and to address their concerns.

<h3>Conclusion</h3>

Jim Lent CEO of Toyota, addressed the employees to provide them details about relocation and to address their concerns.

Learn more about Business at brainly.com/question/26562433

6 0
2 years ago
Alles Company uses a job costing system that applies factory overhead on the basis of direct labor dollars. No job was in proces
Kazeer [188]

Answer:

(a)

For Job G15:

Direct labor = $20,000

Overhead applied = 16,000

Overhead rate = \frac{16,000}{20,000}\times 100

                         = 0.8 × 100

                         = 80%

Overhead applied = Direct labor × 80%

                         = $20,000 × 80%

                         = $16,000

Overhead is applied on direct labor. Hence, rate is 80%.

Overhead for Job B10 = Direct labor × 80%

                                     = $54,000  × 80%

                                     = $43,200

Therefore,

Total overhead applied = $43,200 + 45,750 + 16,000

                                        = $104,950

(b) Hence,

Overapplied overhead for February:

= Total overhead applied - Actual Overhead

= $104,950 - $68,500

= $36,450

4 0
3 years ago
Other questions:
  • A. Everyone benefits from street lighting, yet the marginal benefit to any one individual usually falls short of the marginal co
    6·1 answer
  • Laura is a billing clerk in a​ medium-sized manufacturing company. she reports to the supervisor of accounts​ payable, who in tu
    8·1 answer
  • b) IKEA is also very "IKEA-centric." For example, the IKEA store itself will be laid out as a maze that requires customers to wa
    11·1 answer
  • John and Mary Billings own a condominium with an assessed value of $110,000. If the tax rate is 25 mills per $1.00 of assessed v
    15·1 answer
  • The economic freedom of the world measure indicates that the united states
    15·1 answer
  • A business has been using a notebook to track sales and count how many pieces of each item it has in stock. As a business analys
    9·2 answers
  • Which of the following items is not a temporary difference? A. Vacation pay accrued for tax purposes in a prior period is deduct
    13·1 answer
  • Campbell Co. has net sales revenue of $1,340,000, cost of goods sold of $760,900, and all other expenses of $299,000. The beginn
    14·1 answer
  • Vietnamese citizens went working in Korea. They sent their income back to the families in Vietnam, worth of $678,000. Which acco
    6·1 answer
  • The owner of a national software company has been watching current economic information for the past two quarters and a rapid ri
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!