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8_murik_8 [283]
3 years ago
13

Overhead Variance (Over- or Underapplied), Closing to Cost of Goods Sold

Business
1 answer:
Bogdan [553]3 years ago
4 0

Answer:

This question has two requirements answer of each requiremnt is given below.

Dispose of the overhead variance by adjusting Cost of Goods Sold. Adjusted COGS $____

Applied Overhead = 532,000 * 80% =$ 425,600

This show that overhead are over apllied, so

Adjusted COGS = $1,890,000 - (425,600 -423,600)

                            = $ 1,888,000

Calculate the overhead variance for the year. $____

Overhead variance = Applied Overhead - Actual Overhead

                                = 425,600 -423,600

                                = $ 2000 (Favorable variance)

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2 years ago
A flower shop acquired 80 new customers last year. Costs in the marketing and sales areas were the following:
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Answer:

$1,215 per customer

Explanation:

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6 0
2 years ago
Carin, a widow, elected to receive the proceeds of a $150,000 life insurance policy on the life of her deceased husband in 10 in
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Answer:

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Explanation:

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Carin collected - $17,500 from insurance company

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3 years ago
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