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lilavasa [31]
3 years ago
13

Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct

labor-hours were 21,840 hours and the total estimated manufacturing overhead was $506,688. At the end of the year, actual direct labor-hours for the year were 21,600 hours and the actual manufacturing overhead for the year was $506,688. Overhead at the end of the year was: (Round your intermediate calculations to 2 decimal places.)
Business
1 answer:
NNADVOKAT [17]3 years ago
7 0

Answer:

Overhead at the end of the year was $5,568 under applied.

Explanation:

For computing the overhead for the end of the year, first, we have to compute the predetermined overhead rate which equals to

= (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

= $506,688 ÷ 21,840 hours

= $23.2

Now we have to find out the actual overhead which equals to

= Actual direct labor-hours × predetermined overhead rate

= 21,600 hours × $23.2

= $501,120

So, the ending overhead = Actual manufacturing overhead -  Actual overhead

= $506,688 - $501,120

= $5,568

This amount reflects that the overhead is under applied

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Answer:

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Explanation:

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Hope that helps.

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Answer:

the client should wait 10 more years until the contract is worth $180,000 since he will earn a slightly higher interest rate

Explanation:

we must determine the effective interest earned by the client if he accepts the company's proposal:

future value = present value x (1 + r)ⁿ

121,000 = 100,000 x (1 + r)⁵

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if the client waits 10 more years until he is able to annuitize the account, he should earn:

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8 0
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Countercyclical monetary policy means that _________________. Select the correct answer below: the Fed lowers interest rates dur
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Answer:

the Fed lowers interest rates during recessions and raises them during economic booms

Explanation:

Countercyclical monetary policy is a monetary policy used to work against any cyclical tendencies in order to slow down the economy when it is booming, and to stimulate economic activity then there is a recession.

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Read more on Brainly.com - brainly.com/question/2870954#readmore

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Su Industries has international subsidiaries in Asia. These subsidiaries enter into transactions in both the US dollar and local
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