Answer:
COGS 3807 debit
FG 7896 debit
WIP 2397 debit
Factory Overhead 14,100 credit
--to record the underapplication of overhead--
Explanation:
overhead rate:
$515,000 overhead / 515,000 labor cost = $1
each labor cost generates a dollar of overhead.
221,400 x 1 = 221,400 overhead in COGS
459,200 x 1 = 459,200 overhead in Finished Goods
139,400 x 1 = 139,400 overhead in WIP inventory
Total applied 820,000
Actual 805,900
Underapplied 14,100
Now we weight each concept and determiante the portion underapplocated in each concept
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Answer:
Effective annual rate 8.24%
Explanation:
We solve for the effective rate by calcualte how much is the value of the APR with quarterly compounding.
Answer:
Wimpy and mild
Explanation:
As we can see in the question that the Wimpy and mild contains the negative margin i.e ($16,000) and ($5,000)
And the segment margin refers to the margin through which the net profit or net loss could arrive by considering the business part
So in this case the segment margin is more powerful as compare to the Segment margin less allocated common fixed expenses
<span>Total interest due = [ $ 4,500 x 0.10 x (60/360) ] = $ 75</span>
Answer:
Unfair Claims Settlement Practices Act
Explanation:
Here fundamentally, the act which will be acted on the given sentence is generally known as Unfair Claims Settlement Practices Act. Unfair claims practice is the inappropriate restraint of a request by an insurer or an endeavor to diminish the intensity of the claim. By interlacing in unfair claims practices, an insurer strives to diminish its values. Nevertheless, this is unlawful in various jurisdictions. Additionally, most maximum states possess formulated a version of this type of rule. Denominated essentially the Unfair Claims Settlement Practices Act, it defends safeguard consumers from the unfair manner by insurers in the appeals settlement method.
