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choli [55]
3 years ago
14

Ruel Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, th

e company based its predetermined overhead rate on total estimated overhead of $77,250 and 2,500 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $79,000 and actual direct labor-hours were 2,400.The overhead for the year was:A. $3,090 overappliedB. $4,840 underappliedC. $4,840 overappliedD. $3,090 underapplied
Business
1 answer:
zmey [24]3 years ago
8 0

Answer:

The answer is: B) $4,840 underapplied

Explanation:

First we calculate the estimated cost per direct labor hour:

$77,250 / 2,500 = $30.90 per direct labor hour

If only 2,400 direct labor hours were employed, then the estimated cost for total labor hours should have been $74,160 (= $30.90 x 2,400), but instead the total cost was $79,000 which is $4,840 underapplied. The actual cost per direct labor hour is $32.92 (= $79,000 / 2,400).

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4 0
1 year ago
What is the distinction between free trade and fair trade?
sergey [27]

Answer:

Free trade focuses on the reductions of barriers and policies of nations.

Fair trade seeks to bring favor to the right of the worker.

Explanation:

4 0
3 years ago
What type of promise to pay does a promissory note represent?
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3 0
2 years ago
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You manage an equity fund with an expected risk premium of 13% and a standard deviation of 44%. The rate on Treasury bills is 6.
Nady [450]

Answer and Explanation:

The computation of the expected return and the standard deviation is given below:

the expected return is

= $90,000 × 13% + $60,000 × 6.6%

= $15,660.00

And,

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= $90,000 × 13% × 44% + $60,000 × 6.6%

= $5,148 + $3,960

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In this way it should be calculated

8 0
3 years ago
A store has a $179.99 item on sale for 25% off, plus an additional 20% off. What is the percentage of savings off on this item?
Irina-Kira [14]

Answer:

Percentage of savings off=45%

Explanation:

Savings=discount×Original item price

First save=(25/100)×179.99=$44.9975

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Total savings=(44.9975+35.998)=$80.9955

Percentage of savings=(Total saving/Original price)×100

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3 years ago
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