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kirza4 [7]
2 years ago
13

Clemmens Company applies overhead based on direct labor cost. Estimated overhead and direct labor costs for the year were $116,5

00 and $124,500, respectively. During the year, actual overhead was $106,900 and actual direct labor cost was $114,500. The entry to close the over- or underapplied overhead at year-end, assuming an immaterial amount, would include (Round predetermined overhead rate to nearest whole percentage.):
Business
1 answer:
Alex17521 [72]2 years ago
3 0

Answer:

$415 underapplied (debit balance)

Explanation:

Predetermined OH rate =

$116,500/$124,500 = 93%

OH applied = $114,500(.93)

= $106,485

Applied $106,485– Actual $106,900

= $415 underapplied (debit balance)

Therefore the entry to close the over- or underapplied overhead at year-end, assuming an immaterial amount, would include $415 underapplied (debit balance)

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Following is information on two alternative investments being considered by Jolee Company. The company requires a 6% return from
Tema [17]

Answer and Explanation:

The computation of the net present value is presented in the attachment below:

For project A, the net present value is $91,771.53 and for project B, the net present value is $79,390.69

It is computed after considering the discounting factor that comes from

= 1 ÷ (1 + discount rate)^number of years

for year 1, it is

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The same applied for the remaining years

6 0
3 years ago
Which clause protects proceeds from creditors of the beneficiary?
Inga [223]
The answer is spendthrift clause. It is a trust that is produced for the benefit of a person that gives an independent trustee full authority to make decisions as to how the trust funds may be spent for the benefit of the beneficiary. Creditors of the beneficiary usually cannot reach the money in the trust, and the funds are not actually under the control of the beneficiary. Also,  it prevents the beneficiary's reckless spending of benefits.
8 0
2 years ago
Characteristics of level production include. Select one or more:
Anna007 [38]

Answer:

Characteristics of level production include:

a. All of these answers are correct.

Explanation:

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8 0
3 years ago
g An equity issue sold to the firm's existing stockholders is called a Group of answer choices private placement Rights offer ge
SVEN [57.7K]

Answer:

rights offer.

Explanation:

.

rights offer in equity can be regarded as invitation given to shareholders that are still existing in the firm so that they can purchase new shares, which is additional shares in the firm at a specific price which is usually at a particular time usually like 16 to 30 days. It should be noted that An equity issue sold to the firm's existing stockholders is called a rights offer

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How is creating a report with the report wizard different from creating one with the report button?
pickupchik [31]

The creation of report with the report wizard differs from creating one with the report button because the report wizard allows the user to have more options and flexibility in the design.

<h3>What is a report wizard?</h3>

This refers to the self-service reporting solution that enables users to create business reports quickly and efficiently.

However, the creation of report with the report wizard differs from creating one with the report button because the report wizard allows the user to have more options and flexibility in the design.

Read more about report wizard

<em>brainly.com/question/14363909</em>

#SPJ1

3 0
1 year ago
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