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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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Norma-Jean [14]

Answer:

See below

Explanation:

The cost of land to be included in the balance sheet would not only include the price paid to acquire the land but also include cost or revenue received in the process while also include all activities required to bring the land to the stage in which it may be ready for usage.

With regards to the foregoing, the cost of land to be included in the balance is is

= Cash paid + short term note + legal fee + delinquent taxes + Fees paid to remove old building from the land - sales of materials salvaged from demolition of the building

= $40,000 + $306,000 + $1,665 + $13,100 + $22,500 - $5,200

= $378,065

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3 0
3 years ago
In an oligopoly situation, a wise marketing manager will probably set the firm's price level:
Aleonysh [2.5K]

Answer:

Letter A is correct.<u><em> At the competitive level.</em></u>

Explanation:

An <u><em>oligopoly</em></u> is a marketing structure that occurs when some companies come together to determine the supply of products or services.

In this type of market there is imperfect competition, where market control is exercised by few companies, capable of regulating the behaviors and market decisions of other companies.

Therefore in an oligopoly situation the ideal is that the price level of a company be defined at a competitive level, since the goods produced are homogeneous and the degree of differentiation occurs in the variables of service, quality, image and not so much in the variation of prices. price.

7 0
3 years ago
What is more important: everyone doing their part or the leader doing it all? Why? (Take your time)
katrin [286]

Answer:

Doing their part

Explanation:

People need to always help out and never relie on sombody doing it for the,even if tht was the case they would never get the satisfaction of knowing they helpped partake in something (exuse me bad spelling)

6 0
3 years ago
Item8 4 points Time Remaining 44 minutes 36 seconds00:44:36 Item 8 Time Remaining 44 minutes 36 seconds00:44:36 Information for
arsen [322]

Answer: $38,250

Explanation:

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= 153,000 * 25%

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2 years ago
If you had $500 to invest, what questions would you have as you decide how to invest your money?
solmaris [256]

Answer:

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Explanation:

that's the answer thank you and stay safe and take care!!!

4 0
2 years ago
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