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Lena [83]
3 years ago
11

Manufacturing overhead was estimated to be $562,800 for the year along with 20,100 direct labor hours. Actual manufacturing over

head was $543,705, and actual labor hours were 21,600. The amount of manufacturing overhead applied to production would be:
Business
1 answer:
Lemur [1.5K]3 years ago
7 0

Answer:

$604,800

Explanation:

Applied manufacturing overhead is the manufacturing overhead that has been applied to production in a period.

it is calculated with the formula "budgeted overhead rate * actual labor hr"

Budgeted manufacturing overhead = $562,800

Budgeted Direct labor hours = 20,100

Budgeted Overhead rate = 562800/20100 =$28/hr

Actual manufacturing overhead = $543,705

Actual direct labor hours = 21600

Amount of manufacturing overhead applied = predetermined overhead rate * actual hr =28*21600

=$604,800

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Evan and Sia Steele are wealthy entrepreneurs who are very interested in helping children who have been abused. What philosophy
mamaluj [8]

Answer:

Philanthropy

Explanation:

Philanthropy is when a person or a group of people take it as their own responsibility to advance welfare of others particularly by giving money them as a generous donation in order to eliminate social problem. The purpose of philanthropy is to contribute to improvement in the welfare of humankind through the prevention of and provision of solution to social problems.

Philanthropy and charity overlap but they are different. The aim of charity is to eradicate the suffering caused by social problems, while philanthropy aims to eradicate the social problems that is causing the suffering. For instance, it is charity when food is offered to a person who is being affected by a famine. The food will only provide short term solution as they will again suffer from hunger later in the future. However, philanthropy is when people are trained on how to grow food as this will eradicate the social problem which is the source of hunger.

Therefore, rendering assistance by Evan and Sia Steele to children who have been abused is a philanthropic gesture.

4 0
3 years ago
Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hou
Zina [86]

Answer:

Total cost= $10,890

Explanation:

<u>First, we need to calculate the predetermined overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (404,200/94,000) + 4

Predetermined manufacturing overhead rate= $8.3 per direct labor hour

<u>Now, we can allocate overhead:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 8.3*100= $830

<u>Finally, the total cost of Job P951:</u>

Total cost= 660 + 9,400 + 830

Total cost= $10,890

7 0
3 years ago
Insurance that protects a homeowner in case of a property ownership dispute is called:
Tasya [4]
A. Homeowners insurance

5 0
3 years ago
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Describe at least three other investments you want to make with your income either now or someday in the future. Explain why you
const2013 [10]
 <span>Don't invest in stock, period. Look up Options....Options are successful in a bearish and bullish market. As opposed to stocks are only in bullish markets. NEVER go in it for the long haul! Plain and simple.</span>
8 0
3 years ago
Read 2 more answers
The Candle Shop experienced the following events during its first year of operations, Year1
zhenek [66]

Answer:

a) 1. Acquired cash by issuing common stock  ⇒ Asset Source

2. Paid a cash dividend to the stockholders  ⇒ Asset Use

3. Paid cash for operating expenses  ⇒ Asset Use

4. Borrowed cash from a bank  ⇒ Asset Source  

5. Provided services and collected cash  ⇒ Asset Source

6. Purchased land with cash  ⇒ Asset Exchange

7. Determined that the market value of the land is higher than the historical cost  ⇒ Not applicable

 

b) I used an excel spreadsheet because there is not enough room here.  

Download pdf
3 0
3 years ago
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