Answer:
January Overheads are <u>under-applied</u> by $2,000.
Explanation:
When,
Actual overheads > Applied overheads we say overheads are under-applied.
Actual overheads < Applied overheads we say overheads are over-applied.
Where,
Applied overheads = Predetermined overhead rate × Actual Activity
Therefore,
Applied overheads (January) = 120% × $40,000
= $48,000
Actual overheads (January) = $50,000.
Conclusion
It can be seen that from the above : Actual overheads : $50,000 > Applied overhead : $48,000, therefore overheads were under-applied.
Amount of under-applied overheads = $50,000 - $48,000
= $2,000
Answer:
To be considered as a producer, we need to create some sorts of goods or services and exchange it with the customers in order to obtain some sort of financial gain. I believe that a host who seats customers in a busy restaurant would be considered a producer because he is providing a service to consumers.
Hope this helps!
Answer:
$17 gives 100 utils
So, $1 gives 100/17 utils
which implies that $20 gives (100/17)*20 = 117.65
So additional utils = $117.65 - $100 = $17.65
Hence, $17.65 is the additional utils
Explanation:
C, The identification of a problem for investigation
Answer:
The total amount that Louies spends on advertising=$13,650
Explanation:
To calculate the total amount Louies sporting goods spends on advertising, we express the total expenditure as follows;
Total expenditure=Cost per day×number of days
Cost per day=cost per spot×number of spots in a day
Cost per day=(650×3)=$1,950
Number of days in a week=7 days
replacing;
Total expenditure=Cost per day×number of days
Total expenditure=(1,950×7)
Total expenditure=$13,650
The total amount that Louies spends on advertising=$13,650
