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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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An association that Korean Americans are able to use to pool their money together and provide grants to subsidize the startup co
Free_Kalibri [48]

Answer:

KYES

Explanation:

KYES are clubs created by Korean Americans in which the members make a contribution and the money gathered is used to provide loans to start businesses. According to this, the answer is that an association that Korean Americans are able to use to pool their money together and provide grants to subsidize the startup costs of businesses are called KYES.

8 0
3 years ago
At the beginning of Year 1, a company reported a balance in common stock of $164,000 and a balance in retained earnings of $64,0
blagie [28]

Answer:

Explanation:

The preparation of the statement of stockholder equity and balance sheet is presented below:

a. Statement of stockholder equity

<u>Particulars            Common stock         Retained earnings      Total stock equity</u>

Beg balance        $150000                   $50,000                      $200,000

Add: Addi shares  $40,000                                                       $40,000

Add: Net income                                    $30,000                     $30,000

Less: dividend                                         -$10000                     -$10000

Total                     $190,000                 $70,000                    $260,000

b. Balance sheet

Assets                          Amount                    

Cash                               $52,600                  

Supplies                         $13,400                

Prepaid rent                   $24,000                    

Land                               $200,000    

Total assets                   $290,000          

Liabilities       Amount

Account payable $9,100

Un-earned revenue $2,400

Salaries payable $3,500

Notes payable      $15,000

 Stockholder equity $260,000

Total liabilities & stockholder equity $290,000

6 0
3 years ago
Which workers are required to handle money as part of their job qualifications?
melamori03 [73]
A
A lot of Money in that business
4 0
3 years ago
Read 2 more answers
A corporate bond currently yields 8.5%. Municipal bonds with the same risk, maturity, and liquidity currently yield 5.5%. At wha
max2010maxim [7]

Answer: 35.29%

Explanation:

Municipal Bonds are attractive in that they give the tax benefit of being tax exempt whereas a corporate bond is liable for taxation. The tax rate that will therefore make an investor indifferent between the two bonds is the one that will equate the Corporate bond's yield net of tax to the yield on the Municipal bond.

5.5% = 8.5% * ( 1 - x)

5.5% = 8.5% - 0.085x

0.085x = 8.5% - 5.5%

0.085x = 3%

x = 35.29%

6 0
3 years ago
The opportunity cost of attending college is likely to be highest for a high school graduate _______A. who can immediately take
podryga [215]

Answer:

who can immediately take over the family business.

Explanation:

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

For a student who chooses to go to college, his opportunity cost is the opportunity of running the family business he forgoed when he decided to go to college.

I hope my answer helps you

6 0
3 years ago
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