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
lbvjy [14]
3 years ago
13

Storm Concert Promotions Valle Home Builders

Business
1 answer:
KIM [24]3 years ago
6 0

Answer:

<u><em>Storm Concert Promotions</em></u>

It was overapplied as the amount appliued exceed the actual overhead cost so we decrease the cost of good.

manufacturing overhead   3,200 debit

            COGS                         3,200 credit

<u><em>Valle Home Builders</em></u>

It was underapplied as the amount applied was below the actual overhead cost. We must increase the cost of our good sold to recognize the extra cost.

COGS                                 1,200 debit

manufacturing Overhead       1,200 credit

Explanation:

Storm Concert Promotions

Actual indirect materials costs     22,000

Actual indirect labor costs            46,000

Other overhead costs            <u>        17,000   </u>

Total overhead                             85,000

Overhead applied                        88,200

Overapplied overhead                   3,200

Valle Home Builders                

Actual indirect materials costs  12,500

Actual indirect labor costs        46,500

Other overhead costs            <u>    47,000   </u>

Total overhead                         106,000

Overhead applied                   105,200

Overhead underapplied             1,200

You might be interested in
Receive 1 million in cash gift do i have to file taxes
Ierofanga [76]

Answer:

Gift tax is not an issue for most people

Explanation:

The person gifting files the gift tax return, if necessary, and pays any tax. If someone gives you more than the annual gift tax exclusion amount ($15,000 in 2020), the giver must file a gift tax return.

8 0
2 years ago
comparing vendor invoices to inventory prices, obtaining lower of cost or market data and recalculating deprecation schedules re
Lerok [7]

Comparing seller invoices to stock fees, obtaining decreased price or market facts, and recalculating deprecation schedules relate to the assertion: of valuation and allocation.

Definition of assertion: the act of affirming or something this is asserted: consisting of. a: insistent and superb in asserting, keeping, or defending (as of a proper or attribute) an announcement of ownership/innocence. b : an announcement that something is the case He provided no proof to help his assertions.

An instance of someone making a declaration is a person who stands up boldly in a meeting with a factor in opposition to the presenter, despite having valid proof to guide his statement. An example of an announcement become that of ancient scientists that stated the arena changed into a flat.

An assertive sentence is a sentence that states a fact. Such sentences are easy statements. The nation asserts or declares something. they are additionally referred to as declarative sentences. Assertive sentences typically give up with a length or complete prevent.

Learn more about assertion here: brainly.com/question/26115325

#SPJ4

5 0
1 year ago
What is one reason why the overall unemployment rate understates the actual employment situation?
MissTica

Answer:

It does not consider all the unemployed people.

Explanation:

The unemployment rate is a percent expression of the jobless labor force in an economy. In calculating the unemployment rate, the bureau of labor statistics considers only the unemployed people who have been actively seeking work in the past four weeks.

Due to this reason, the unemployment rate does not include all the jobless people in the country. Unemployed individuals who have lost hope of finding work, and those who did seek employment get excluded. Those engaged in other chores like caring for the sick or the elderly are also not considered.

5 0
3 years ago
What time of day would you most likely expect thunderstorms to occur on a mountain?
zysi [14]
Thunderstorms are likely to occur during the afternoon or the evening in which will likely happen during this time because this is where unstable winds enter and moisture from the clouds and rain-- as they are a major component needed in order for a thunderstorm to occur.
6 0
3 years ago
Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The
Sunny_sXe [5.5K]

Answer:

The amount of overhead applied to Job T687 is closest to: $280.

Explanation:

Predetermined rate = Budgeted Overheads / Budget Activity

                                 = $ 425,600 /  30,400

                                 = $14.00 per machine-hour

Applied overheads to job T687 = Predetermined rate × Actual machine hours used

                                                     =  $14.00 × 20

                                                     =  $280

Conclusion :

The amount of overhead applied to Job T687 is closest to: $280.

6 0
3 years ago
Other questions:
  • Name five functions of the BBBEE Commission
    6·1 answer
  • Which of the following statements is true regarding self-managed work teams?A) Self-managed work teams typically consist of fort
    8·1 answer
  • In the process of brainstorming his goals Robert realize his web business was more about money than creativity his decision to i
    14·1 answer
  • When one party breaches a contract, the other party can choose from one or more of several_____________ . Generally, a court wil
    6·1 answer
  • Apple, known for creativity and innovation, keeps its new innovations consistent with previous product lines to maintain long-te
    11·1 answer
  • The Reuschel Company began 2018 with inventory of 21,000 units at a cost of $8 per unit. During 2018, 61,000 units were purchase
    10·1 answer
  • The Electrocomp Corporation manufactures two electrical products: air conditioners and large fans. The assembly process for each
    14·1 answer
  • Give an example of both impression management and face-work from your daily life. For example, if you go on a first date or a jo
    15·1 answer
  • Silver Corporation incurred costs of $600,000 for managing the wholesale division during the year. The customer details of the c
    15·1 answer
  • 1. A manufacturer of industrial motors has identified ten new prospective customers for its products and estimated each customer
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!