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d1i1m1o1n [39]
3 years ago
15

At the beginning of the year, Smith, INc., budgeted the following: Units: 10,000 Sales: $100,000 Total variable expenses: $ 60,0

00 Total fixed expenses: $ 20,000 Variable factory overhead $ 30,000 Fixed factory overhead: $ 10,000 There were no beginning inventories. At the end of the year, no work was in process, total factory overhead incurred was $39,500, and underapplied factory overhead was $1,500. Factory overhead was applied on the basis of budgeted unit production. How many units were produced this year?
Business
1 answer:
kvv77 [185]3 years ago
5 0

Answer:

Actual units produced: 9,500

Explanation:

actual units x overhead rate - actual factory overhead = underapplied

the underapplied overhead means the actual overhead was greater than applied overhead so we can build the formula as follow:

actual units x r - 39,500 = -1,500

<em><u>We need to calculate the rate for overhead:</u></em>

on the budget total overhead:

10,000 fixed + 30,000 variable = 50,000

and units are 10,000

so rate = 40,000 / 10,000 = 4

<u>Now we return to the formula:</u>

actual units x 4 - 39,500 = -1,500

actual units = (39,500 - 1,500 ) / 4

actual units = 38,000 / 4 = 9,500

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A company incurs advertising costs of $10,000. The company's three selling departments have the following sales: Department 1—$1
erik [133]

Answer:

The amount of advertising allocated to:

Department 1: $1,250

Department 2: $3,750

Department 3: $5,000

Explanation:

Total sales of the company = Sales of Department 1 + Sales of Department 2 + Sales of Department 3 = $10,000 + $30,000 + $40,000 = $80,000

Percent of sales of three selling departments:

Department 1 = ($10,000/$80,000)x100% = 12.5%

Department 2 = ($30,000/$80,000)x100% = 37.5%

Department 3 = ($40,000/$80,000)x100% = 50%

Advertising is allocated based on percent of sales. The amount of advertising allocated to:

Department 1 = 12.5% x $10,000 = $1,250

Department 2 = 37.5% x $10,000 = $3,750

Department 3 = 50% x $10,000 = $5,000

5 0
3 years ago
If you expect a stock be priced at $80 in one year and pay a dividend of $1.85, what is the most you would be willing to pay for
ElenaW [278]

Willing to pay for the stock today is  $72.43.

Given values, Dividend = $1.85

                      Price = $80

                      return = 0.13

Formula, Current Price = (Dividend + Price ) / (1 + return )

                                     = (1.85 + 80) / (1+ 0.13)

                                     = $72.43

The number one purpose that buyers personal inventory is to earn a return on their funding. That go back commonly is available in  viable methods: The stock's price appreciates, this means that it is going up. you can then promote the stock for a profit if you'd like.

The very best way to shop for stocks is thru a web stockbroker. After beginning and funding your account, you may buy shares via the broker's internet site in a remember of minutes. Other options encompass the use of a full-provider stockbroker, or shopping for inventory directly from the company.

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8 0
2 years ago
For each of the following:
Mama L [17]

Answer and Explanation:

As we know that

The assets, expenses contains debit balance while the liabilities, revenues and stockholder equity contains credit balance

So based on this, the classifications are as follows

Particulars    Type of account    Normal balance    Debit or credit     Reason

a. Land            Asset                      debit                       debit            resources on the owners hand        

b. Cash            Asset                      debit                       debit            resources on the owners hand

c. Legal Expense  = expense        debit                        debit         consumption of cost

d. Accounts Receivable      Asset                      debit                       debit      resources on the owners hand

e. Dividends    =     Equity                debit                          debit   distribution made to owners

g. Notes Payable =   Liability            credit                          credit    obligation made to creditors

h. Common Stock = Equity               credit                         credit    investment done by the owners

8 0
3 years ago
When workers are not motivated to achieve organizational goals, the fault is often with the workers themselves. true false?
qaws [65]
False it may be from the organization itself they might try rewarding the worker for example a company might take the workers to expensive workshops or to a trip as a type of reward or giving them a bonus to their salaries or a health insurance or a simple thing like involving them in a decision this may motivate the worker and make them feel part of the company   <span />
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3 years ago
Suppose the production of cotton causes substantial environmental damage because the pesticides used by cotton farmers often mak
Kipish [7]

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However, if they are made to pay for this negative externality that they are the cause of, it will increase their production cost and force them to reduce production to keep these costs low. As they reduce production, the market price will increase as supply is less.

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3 years ago
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