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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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Use the following corporate bond quote information to answer the questions that follow. Since this is a corporate bond,
Lynna [10]

Answer:

Check the explanation

Explanation:

Bond             Cur.Yld.      Vol.   Close      Net Chg.  

Doh! 9 ½ 18     9.0          5      105 1/2      - 1/4  

Doh! 8 ½ 21     9.4        10      90 1/4        -1/2  

 

 

1.  As given in question:  

Closing Price of the first bond:    =105.5*10  

 =1055  

 

Closing Price of the second bond:  =90.25*10  

 =902.5

2.  Yesterday's price for first bond:  =(105.5+0.25)*10

 =1057.5  

 

Yesterday's price for second bond:  =(90.25+0.5)*10

 =907.5

3.  kindly check the attached image below to see the solution to question 3

4.  Capital Gain Yield for first bond  =(P1-P0)/P0

 =(1055-1057.5)/1057.5

 =-0.236%

7 0
2 years ago
Which of these is an example of a trade restriction?
Alex787 [66]

Answer:

A tariff on imported cars

Explanation:

5 0
2 years ago
Read 2 more answers
An intentional understatement of expected revenues or overstatement of expected expenses by managers in order to have a favorabl
ivann1987 [24]
It is known as the <span>Budgetary Slack
</span><span>Budgetary Slack is created by managers in order to create a perception that they're performing outstandingly.
By intentionally understate the expected the revenue, it will look like that they're exceeding expectation when the revenue finally came.</span>
7 0
3 years ago
A manufacturing company budgeted for $1,240,000 in manufacturing overhead and expected 400,000 direct labor hours. Actual overhe
valina [46]

Answer:

a. Under applied by $9,000

Explanation:

Budgeted overheads = $1,240,000

Budgeted overheads = 400,000

Budgeted rate per hour = $1,240,000/400,000 = $3.10

Actual overhead = $1,200,000

Actual Hours = 390,000

Actual Rate per hour = $3.077

budgeted overhead for actual hours = 390,000 \times $3.10 = $1,209,000

Thus, overheads under applied = Standard - Actual = $1,209,000 - $1,200,000 = $9,000

Since actual overheads are less than budgeted it is under applied in case it was more than budgeted then i would be over applied.

Final Answer

a. Under applied by $9,000

8 0
3 years ago
On December 31, Strike Company traded-in one of its batting cages for another one that has a cost of $500,000. Strike receives a
Ronch [10]

Answer:

C. loss of 19,000

Explanation:

Old equipment cost = $215000 - $185000

                                 = $30000

Loss = $30000 - $11000

        = $19000 loss

Therefore, The amount of the gain or loss on this transaction is a loss of $19000.

5 0
3 years ago
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