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pychu [463]
3 years ago
9

Which terms will make the following statement true? When manufacturing overhead is overapplied, the Manufacturing Overhead accou

nt has a __________ balance and applied manufacturing overhead is greater than __________ manufacturing overhead.
a) debit, actual
b) credit, actual
c) debit, estimated
d) credit, estimated
Business
1 answer:
kupik [55]3 years ago
8 0

Answer:

Answer is a) debit, actual

Manufacturing Overhead account has a debit balance and applied manufacturing overhead is greater than the actual manufacturing overhead

Explanation:

Overheads are applied to product costs using budgeted overhead rates. Budgeted rates are used because the delays in obtaining actual overhead affects timeous product valuation for profit purposes

Over applied situation occurs when the applied overheads exceeds the actual manufacturing overhead.

<em>The Manufacturing Overhead Account will have the following entries:</em>

Transfer to work in Progress figure - credit (with applied overheads)

Bank - debit (actual overhead)

Balancing figure or shortfall - debit (over-applied)

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Thepotemich [5.8K]

The  service a  c-snp or d-snp member in the high risk care management category receive is: Case Management such as telephonic, digital and/or face-to-face according to a person needs.

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7 0
2 years ago
ABC Company sold the rights to use one of their patented processes that will result in them receiving cash payments of $10,000 a
BigorU [14]

Answer:

$77,217

$11,289

Explanation:

Fist we will calculate the present value of $10,000 payment

A fix Payment for a specified period of time is called annuity. The discounting of these payment on a specified rate is known as present value of annuity. The value of the annuity is also determined by the present value of annuity payment.

Formula for Present value of annuity is as follow

PV of annuity = P x [ ( 1- ( 1+ r )^-n ) / r ]

Where

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r = rate of return = 10% / 2  = 5%

n = number of period = 5 years x 2 semiannual payments per year = 10 payments

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PV of Annuity = $77,217

Now we will use the discounting method to calculate the present value of lump sum payment of $20,000

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6 0
3 years ago
Tim is trying to compute how many salespeople his business needs for the upcoming year. He wants his salesforce to call on each
Vinvika [58]

Answer:

Tim's business should have 50 sales person

Explanation:

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Average Length of call = 2 hours

Average sales persons time = 2,000 hours per year

Total Time  = Customers x Average time per call x Call frequesncy

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Number of Sales people required = Total time / Average time per sales person = 100,000 / 2,000 = 50 sales person

4 0
3 years ago
Read 2 more answers
Turner, a successful executive, is negotiating a compensation plan with his potential employer. The employer has offered to pay
zzz [600]

Answer:

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Explanation:

Given that

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And, $180,000 bonus in 5 years at the age of 65

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6 0
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Softa [21]

Answer:

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Explanation:

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7 0
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