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LenKa [72]
2 years ago
9

Middleton Corporation uses the normal costing system to determine the amount of overhead to be applied to production. The predet

ermined overhead rate for 2018 was $32.40 per DLH. Middleton estimated the annual activity level to be 7,500 DLHs. Actual DLHs for the year were 8,200. What was the total amount of overhead applied for the year?
Business
1 answer:
yulyashka [42]2 years ago
3 0

Answer:

total amount of overhead applied = $265680

Explanation:

given data

Actual direct labor hours = 8200

overhead rate  = 32.40 per DLH

to find out

total amount of overhead applied

solution

we will apply here formula for total amount of overhead applied that is

total amount of overhead applied = Actual direct labor hours × overhead rate  ..................1

put here value in equation 1 we get

total amount of overhead applied = 8200 × $32.40

total amount of overhead applied = $265680

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5 0
3 years ago
You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The president h
lana [24]

Answer:

Explanation:

Variance analysis studies the relationship between actual and budgeted cost for business activities. Variance analysis helps the management in two ways;

  • Favorable
  • Unfavorable

Favorable - if the actual cost incurred is less than the budgeted cost, the difference amount is a saving for the company.

Unfavorable - if the actual cost is more than the budgeted cost, the difference is an extra expenditure for the company.

Flexible budget;

  • The flexible budget is prepared at different levels of volume that was initially projected by the master budget.
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The report showing the Activity and Spending  Variances for march is given in the file attached below, in other not to cause confusion. Thank you.

Download docx
3 0
3 years ago
The following transactions occurred during July:1. Received $1,200 cash for services performed during July.2. Received $6,400 ca
nikklg [1K]

Answer:

The amount of revenue that will be reported on the income statement for the month ended July 31 is equal to $5,300.

Explanation:

The applicable accounting concept here is accrual concept.

Accrual concept states that revenue is recognized when it is earned and expenses are also recognized when they are incured no matter when cash is received or paid.

Based on the accrual concept, only transactions 1 and 4 will be used in calculating the amount of revenue for July as follows:

July revenue = Cash received for services performed during July + Billing of customers for services performed on account in July = $1,200 + $4,100 = $5,300

Therefore, the amount of revenue that will be reported on the income statement for the month ended July 31 is equal to $5,300.

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2 years ago
Suppose the civilian noninstitutionalized working-age population is 35.9 million in in a hypothetical economy. Of these, 4.4 mil
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Answer: 22.71 million

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= 3.4 + 1.72 + 4.4 + 13.19

= 22.71 million

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Part time employees are considered employed.

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