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
faust18 [17]
3 years ago
14

The manufacturing overhead budget at Polich Corporation is based on budgeted direct labor-hours. The direct labor budget indicat

es that 7,000 direct labor-hours will be required in February. The variable overhead rate is $8.80 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $102,900 per month, which includes depreciation of $18,050. All other fixed manufacturing overhead costs represent current cash flows. The February cash disbursements for manufacturing overhead on the manufacturing overhead budget should be:

Business
1 answer:
Ahat [919]3 years ago
6 0

Answer:

Check the explanation

Explanation:

The February cash disbursements for manufacturing overhead on the manufacturing overhead budget <em><u>(which are records or executable plans that contains all the costs, other than labor cost and that of raw materials, which is expected to be incurred by a manufacturing firm or department during the period of a financial year.) </u></em>can be seen in the attached image below:

You might be interested in
Below is the trial balance for Sugar Almonds Ltd as at 31st December 2020
valentina_108 [34]

Answer:

Net income = $31,130

Total Assets = Owner's Equity and Liabilities = $104,230

Explanation:

The the Income Statement of Profit or Loss and the Statement of Financial Position can be prepared  as follows:

Sugar Almonds Ltd  

Income Statement of Profit or Loss  

For the Year Ended 31st December 2020  

<u>Particulars                                                        $                       $             </u>

Sales Revenue                                                                       93,700

Cost of sales:  

Opening inventory                                      12,000

Purchases                                                   49,000

Closing inventory - income statement   <u> (24,350)  </u>

Cost of sales                                                                       <u>  (36,650)  </u>

Gross profit                                                                             57,050

Operating expenses:  

Administrative Expenses                               (850)

Rent paid                                                     (2,000)

Telephone                                                      (900)

Wages                                                         (21,650)

Travel expenses                                        <u>     (330)  </u>

Total operating expenses                                                   (25,730)

Interest income (expense):

Interest paid                                                                        <u>      (190)   </u>

Net income                                                                        <u>     31,130   </u>

 

Sugar Almonds Ltd  

The Statement of Financial Position  

As at 31st December 2020  

<u> </u><u>Particulars                                                        $                        $             </u>

<u>Fixed Assets</u><u> </u>

Premises at cost                                         70,000  

Vehicles at cost                                        <u>    5,800 </u> 

Total Fixed Assets                                                                 75,800

<u>Current Assets</u>

Cash                                                                 630  

Bank                                                               2,100

Closing inventory - Statmt of fin positn    24,350  

Trade Receivables                                    <u>    1,350</u>  

Total Current Assets                                                           <u>   28,430  </u>

Total Assets                                                                        <u>   104,230 </u>

<u>Owner's Equity</u>

Capital                                                       72,000  

Drawings                                                   (6,450)

Net income                                           <u>      31,130  </u>

Total Owner's Equity                                                             96,680

<u>Current Liabilities</u>  

Trade Payables                                          6,400  

VAT                                                         <u>     1,150  </u>

Total Current Liabilities                                                      <u>    7,550  </u>

Owner's Equity and Liabilities                                         <u>  104,230 </u>

6 0
3 years ago
Is esports better than sports? Explain?
romanna [79]

Answer:

Sports are better than esports

Explanation:

Sports are not only important for physical health but also for mental health.

3 0
3 years ago
(a) On July 1, Lopez Company paid $2,300 for six months of insurance coverage. No adjustments have been made to the Prepaid Insu
Nat2105 [25]

Explanation:

The adjusting entries are as follows

1.  Insurance expense A/c Dr $2,300

                    To Prepaid insurance A/c $2,300

(Being the insurance expense is recorded)

The computation is shown below:

= $2,300 ÷ 6 months × 6 months

= $2,300

2.  Supplies expense A/c Dr $8,950

                 To Supplies A/c $8,950

(Being supplies account is adjusted)

The supplies expense is computed by

= Supplies opening balance + purchase made - supplies on hand

= $7,200 + $3,100 - $1,350

= $8,950

8 0
3 years ago
At Aalten Technologies, bottlenecks in the assembly line occur according to a Poisson process with an average of 0.50 bottleneck
RideAnS [48]

Answer:

Probability (at least one bottle neck occurs during 8 hours of operation) = 0.9817

Explanation:

Given:

Average bottleneck 1 hour = 0.5

Find:

Probability (at least one bottle neck occurs during 8 hours of operation)

Computation:

Expected events in 8 hour = 8(0.5)

Expected events in 8 hour = 4    

Probability (at least one bottle neck occurs during 8 hours of operation) = p(X≥1)

Probability (at least one bottle neck occurs during 8 hours of operation) = 1-p(X=0)

Probability (at least one bottle neck occurs during 8 hours of operation) =1-exp(-4)[4⁰]/0!

Probability (at least one bottle neck occurs during 8 hours of operation) =1-0.0183

Probability (at least one bottle neck occurs during 8 hours of operation) = 0.9817

5 0
4 years ago
Sources of error in an economic survey​
Sati [7]

Sources of error refer to problems in sampling that reduce the ability to make accurate deductions about the population as a whole. Examples of sources of error are:

<u>Non observation errors:</u> choosing a bad sample, not getting a high response from the sample that you do choose, etc

<u>Observation errors:</u> respondent and interviewer bias

<u>Processing errors:</u> incorrectly organizing or categorizing the data

8 0
3 years ago
Other questions:
  • Choose the logical transition to fill in the blank. the store was out of the brand that i​ wanted;​ _____, they offered to send
    12·1 answer
  • What lump sum of money must be deposited into a bank account?
    11·1 answer
  • Sophie's credit card has an APR of 19 percent. What is the periodic rate?
    13·1 answer
  • Mary jo lee received a special cash award for her perfect attendance record over the past two years. by giving this reward, this
    14·1 answer
  • Following errors occurred in posting from a two-column journal:
    8·1 answer
  • All investments carry the same amount of risk?<br> True or false?
    12·2 answers
  • This may also be asked as "Why are you looking for a job?" This question can make the most seasoned interviewee squirm a little
    11·1 answer
  • Murphy Inc., which produces a single product, has provided the following data for its most recent month of operation: Number of
    12·1 answer
  • Ahngram Corp. has 1,000 defective units of a product that cost $3.30 per unit in direct costs and $6.80 per unit in indirect cos
    9·1 answer
  • Identify an example of an obstacle to the success of global information system. a. An organization might be unable to develop pr
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!