1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dexar [7]
3 years ago
11

rippett Industries manufactures cleaning products. During the year, the company spent $600,000 on chemicals and $728,000 on conv

ersion costs. Overhead is applied at a rate of 180% of direct labor costs. How much did the company spend on manufacturing overhead during the year? Multiple Choice $260,000. $468,000. $128,000. $404,444.
Business
1 answer:
Andru [333]3 years ago
5 0

Answer:

The manufacturing overhead cost during the year=$128,000

Explanation:

The manufacturing overhead costs can be calculated using the formula below;

O=C-M

where;

O=manufacturing overhead costs

C=conversion costs

M=material costs

In our case;

O=unknown

C=$728,000

M=$600,000

replacing;

O=728,000-600,000=128,000

O=128,000

The manufacturing overhead cost during the year=$128,000

You might be interested in
Which of the following would be classified as a short-run decision? A restaurant's decision to increase the number of patrons it
podryga [215]

Answer:

A university's decision to add a new residence hall. A trucking firm's decision to move to a smaller facility.

Explanation:

Short run decision affects variable factor only. Adding a new facility is a long run decision. Hence a firm's decision to decrease the amount of electricity used in day-to-day operations by encouraging employees to adopt conservation strategies is a short run decision.

Hence, the correct answer would be:

A university's decision to add a new residence hall. A trucking firm's decision to move to a smaller facility.

4 0
3 years ago
A note payable was issued in payment for services received. The services had a fair value less than the face amount of the note
Leokris [45]

Answer:

The note payable will be presented in the financial statement at the face amount minus a discount calculated at the imputed interest rate.

Explanation:

The imputed rate is the rate at which the present value of the face amount of the note will be equal to the amount at which it is originally recorded.  

Notes issued or received in exchange for goods or services that do not bear interest at a fair rate are reported at an amount equal to the fair value of the note, the fair value of the goods or services, or the present value of the note using a fair interest rate, whichever is more readily determinable.  

The difference between the recorded amount and the face value is considered a discount and the applicable interest rate regardless of which method is used to value the note.

Because of this, the note is reported at its face amount minus a discount calculated at the imputed interest rate.

3 0
3 years ago
Defined by Miles as "a requirement of the activities of one subunit that is affected by the activities of other subunits" is a _
Natali [406]

Defined by Miles as "a requirement of the activities of one subunit that is affected by the activities of other subunits" is a <u>contingency</u>.

According to the contingency theory of management, situational circumstances can have an impact on the relationships between dependent and independent variables at work, which will have an effect on employee behavior, effectiveness, and behavior at work in general. Also known as the situational approach to management, this idea.

It is crucial to take into account the particular contingency factors that apply to each business in order to assess organizational data effectively and increase employee engagement. A need for one component's operations that affects those of another subunit is known as a contingency.

The above question is incorrect, the correct question is:

Defined by Miles as "a requirement of the activities of one subunit that is affected by the activities of other subunits" is a _________.

To know more about Contingency here

brainly.com/question/29816313

#SPJ4

4 0
1 year ago
At its date of​ incorporation, McCarty Company issued​ 100,000 shares of its​ $10 par common stock at​ $11 per share. During the
Paul [167]

Answer:

(C) Decrease No effect

Explanation:

at purchase:

30,000 shares x 16 dollars each:

Treasury stock  480,000 debit

              Cash              480,000 credit

--purchase of own share--

Then we will decrease retained earnings for the difference in the cash proceed on the sale and our treasury stock.

30,000 x 12 dollars = 360,000 cash proceeds

treasury stock             480,000

decrease in RE            120,000

cash                         360,000 debit

retained earnings    120,000 debit

        Treasury Stock                      480,000 credit

8 0
4 years ago
Why is inflation both good and bad how does the government try to control it?
Kaylis [27]
<span>Inflation is good because it keeps the economy growing as wages increase and demand for goods goes up, but if inflation gets high then the economy can become overheated when prices go up too fast and people can't afford goods. The Federal Reserve Bank, if you're in the USA, will then raise interest rates to make loans more expensive and rewarding people for not spending money, which slows down the economy back to a healthy state.</span>
6 0
3 years ago
Other questions:
  • Jason's manager was making him work overtime and refusing to pay him for the extra hours he was putting in. Jason approached the
    15·1 answer
  • Two ways for a company to guarantee quality of a product are quality control and quality ___________.
    6·1 answer
  • Suppose you own a proprietorship that is in serious financial difficulty. The assets of the company are $100,000, but liabilitie
    13·1 answer
  • A 6.75 percent coupon bond with 26 years left to maturity can be called in six years. The call premium is one year of coupon pay
    11·1 answer
  • GDP is not a perfect measure of well-being; for example, a. GDP incorporates a large number of non-market goods and services tha
    5·1 answer
  • On January 1, 2018, Olympic Insurance Company granted 30,000 stock options to certain executives. The options are exercisable no
    15·1 answer
  • Choose the correct word in brackets to complete the following:(1) Which fluctuate more-long-term or short-term interest rates? W
    7·1 answer
  • Suppose that Canada can produce 15units of timber or 3 units of grain. Suppose that Mexico can produce 6 units of timber or 2 un
    5·1 answer
  • The Financials section of the Business Model Template consists of three boxes. The boxes are titled ________.
    6·1 answer
  • the seattle corporation has been presented with an investment opportunity whihc will yield cash flows of 30000 per year
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!