Answer:
Manufacturing overhead was over-applied by $15,000; Cost of Goods Sold after closing out the Manufacturing Overhead account is $274,000
Explanation:
Under / over applied manufacturing overhead = Applied Manufacturing overhead - Actual Manufacturing overhead
Over-applied manufacturing overhead = $74,000 - $59,000
Over-applied manufacturing overhead = $15,000
Cost of Goods Sold = $289,000 - $15,000 = $274,000
Manufacturing overhead are over-applied by $15,000 and cost of goods sold is $274,000.
Based on the explanation below, the economic concept that is applied in this statement is positive externality.
<h3>Meaning of positive externality</h3>
Positive externality can be described as a situation whereby the production or consumption of a commodity benefits some unrelated third party.
When education is consumed, for example, the consumer receives a private benefit, but there are also societal benefits.
Learn more about externalities here: brainly.com/question/14259859.
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Answer:
Cash budget.
Explanation:
A budget that estimates cash inflows and outflows (during a particular period like a month or a quarter) and helps managers anticipate borrowing needs, debt repayment, operating expenses, and short-term investments, and is often the last budget prepared.
Answer:
c. allocates pollution to those factories that face the highest cost of reducing it
Explanation:
A corrective tax is a market-based policy option that can be used by the government in order to addressthe externalities that have the negative impact. Here the taxes ruse the cost for generating the goods or services so it motivated the firm to generate lower output
Also it distributed the pollution to those kind of factories that have large amount of the cost for deduction
Answer:
I was in foster care too. Don't worry, the right family will come along soon.
