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Paul [167]
3 years ago
6

Sanders Inc. has applied $567,988 of overhead to jobs. Actual overhead at the end of the year is $575,000. The adjustment for ov

er- or underapplied overhead is a.$7,012 overapplied, decrease Cost of Goods Sold b.$7,012 underapplied, decrease Cost of Goods Sold c.$7,012 underapplied, increase Cost of Goods Sold d.$7,012 overapplied, increase Cost of Goods Sold
Business
1 answer:
xz_007 [3.2K]3 years ago
6 0

Answer:

Option (c) is correct.

Explanation:

Given that,

Applied overhead to jobs = $567,988

Actual overhead at the end of the year = $575,000

Hence,

Underapplied overhead:

= Actual overhead at the end of the year - Applied overhead to jobs

= $575,000 - $567,988

= $7,012

Therefore, the adjustment for underapplied overhead is a $7,012 underapplied which increases the Cost of Goods Sold.

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In most cases, whether the contract has not yet been performed (an executory contract) or has been fully performed (an executed
Jlenok [28]

Answer: disaffirm

Explanation:

most cases, whether the contract has not yet been performed (an executory contract) or has been fully performed (an executed contract), the minor may disaffirm the contract.

It should be noted that a contract that is signed by a minor unless in some rare exceptions is normally void and therefore, the minor can disaffirm the contract.

8 0
3 years ago
What refers to the practices aimed at discovering and harnessing an organizations intellectual resources?
Alla [95]

Answer: Knowledge management

Explanation: Knowledge management approach focuses on making best use of the knowledge with the intent of achieving organisational objectives. It involves discovering, sharing and harnessing of the intellectual resources that a company holds.

Knowledge management brings improved performance, innovation and competitive advantage to the organisation.

4 0
3 years ago
Assume that Roth’s accountants are expected to work a total of 8,000 direct labor hours in 2018. Roth’s estimated total indirect
xz_007 [3.2K]

Answer:

$12 and $180

Explanation:

The computation of the predetermined overhead rate is shown below:

As we know that

The predetermined overhead rate is

= Estimated total indirect cost  ÷ expected direct labor hours

= $96,000 ÷ 8,000

= $12

And, the indirect cost is

= Predetermined overhead rate × number of hours

= $12 × 15

= $180

We simply applied the above formula

8 0
3 years ago
Advantages and disadvantages of implementing plan where functional managers will be held responsible for cost overruns against t
Morgarella [4.7K]

Answer:

Kindly check explanation

Explanation:

Implementing plans where functional managers will be held responsible for cost overruns against their original estimate possess both advantages and disadvantages :

The advantages include:

1) Efficient use of Resources : A functional manager could be explained as the head or a person who has managerial authority over a department within a business organization. As such the functional manager will be able to monitor more effectively and take control of his unit. Holding them responsible for cost overruns will ensure that they are more cautious when it comes to resource and cost management as they will not want to be sanctioned.

11) ACCOUNTABILITY: It increases the sense of responsibility of the functional managers as they are being held fully responsible for the decisions made within their unit. This places a higher burden of showing sincerity on the managers.

The disadvantage associated with the plan is the possibility of producing low quality products resulting from the economical and cautious approach embarked upon in other to prevent cost overrun, materials used may be lesser quality than expected.

5 0
3 years ago
Suppose portable radios can be imported at a world price of $10 per radio. If trade were unencumbered, what would the new market
Harman [31]

Answer:

Domestic demand: Q = 5,000 – 100P; Supply: Q = 150P

At equilibrium, demand equals supply.

5,000 – 100P = 150P

250P = 5,000

P = 5,000/250

Equilibrium price (P) = $20

Substituting P in demand equation:

Q = 5,000 – (100*20)

Equilibrium quantity (Q) = 3,000 portable radio would be imported

6 0
3 years ago
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