Answer:
$ 44000
Explanation:
Given:
Actual overhead manufacturing cost, Ac = $ 352000
Actual direct labor hours, Ah = 56000
Estimated manufacturing overhead cost, Ec = $ 330000
Estimated direct labor hour, Eh = 60000
Now,
Predetermined Overhead Rate = Ec/Eh
on substituting the values in the above formula we get
= $ 330000/60000 = 5.5
also,
Underapplied Overhead = Ac + (Ah × Predetermined Overhead Rate)
on substituting the values in the above formula we get
Underapplied Overhead = 352000 - (56000 × 5.5)
or
Underapplied Overhead = $ 44000
Answer:
Multipoint competition
Explanation:
Multipoint competition can be regarded as term used in describing a
process whereby there is engagement of a firm simultaneously in competitive interactions in a markets or across multiple products, resulting to competitive actions in a particular market leading to responses in a different/ multiple markets. Multipoint competition can also be explained as situation that exist when a firm is facing the same rival in different market. It should be noted that Multipoint competition is the term that describes when two or more enterprises encounter each other in different regional markets, national markets, or industries.
Answer: The equilibrium price is most likely to "DECREASE BY $1". Option c is the most correct option.
Explanation: A unit tax of $1 is the tax on the sales of the unit. In a supply demand curve, an increase in the sales tax will cause the curve to shift inwardly, thereby showing a decrease in the equilibrium price of the curve.
Equilibrium price is the point where the amount suppllied is equal to the consumers demand at a stable price.
For $1 unit tax to be levied on the goods, it will increase the price of the goods by $1, which will reduce supply by $1, therefore the equilibrium price will decrease by $1 to adjust itself on the new changes.
Answer:
B. product concept development; marketing strategy development
Explanation:
Product concept development is the stage at which a lot of product ideas are generated, and new product are screened with the purpose of identifying good ideas and discarding poor ones on time. The new product concepts are then tested at this stage with a group of target consumers in order to discover the concepts with strong consumer appeal.
After product concept development, strong concepts proceed to marketing strategy development which, based on the product concept, is the stage at which an initial marketing strategy for a new product are designed.
Answer:
Account which will appear on Income statement
(9) Sales
(3) Cost of goods sold
(4) Transportation-out
(7) Selling expense
(8) Loss on the sale of land
Explanation:
All the account that appears on the income statement are the temporary account which need to be closed at the end of each period. Their net balance is transferred to an permanent account of balance sheet.
The following account will be appeared in the balance sheet.
(1) Cash
(2) Merchandise inventory
(5) Dividends
(6) Common stock
