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
TiliK225 [7]
3 years ago
13

Armour, Inc., an advertising agency, applies overhead to jobs on the basis of direct professional labor hours. Overhead was esti

mated to be $216,000, direct professional labor hours were estimated to be 18,000, and direct professional labor cost was projected to be $270,000. During the year, Armour incurred actual overhead costs of $212,000, actual direct professional labor hours of 17,500, and actual direct labor cost of $317,000. By year-end, the firm's overhead was:
a. $2,000 underapplied.
b. $6,000 underapplied.
c. $4,000 underapplied
d. $2,000 overapplied
e. $4,000 overapplied.
Business
1 answer:
monitta3 years ago
3 0

Answer:

a. $2,000 underapplied.

Explanation:

Estimated Overhead = $216,000

Estimated Professional hours = 18,000

Predetermined overhead rate = $216,000 / 18,000 = $12 per hour

Actual Professional hours = 17,500

Overhead applied = $12 x 17,500 hours = $210,000

Actual overhead = $212,000

Under applied overhead = Applied overhead - Actual overhead

Under applied overhead = $210,000 - $212,000

Under applied overhead = $2,000

You might be interested in
The Board of Directors has voted to add a new product line. Casey's department will be directly responsible for implementing the
liubo4ka [24]

No, because the decision has already been made by the Board of Directors.

More about directors and decision making:

The board's decision-making process is divided into two stages: communication and decision-making. Each director decides whether to incur a cost to communicate his information to others during the communication stage. At the decision-making stage, all directors take actions (e.g., vote) based on their private information and information inferred from the discussion, and the board makes a collective decision. Directors may have conflicts of interest and thus prefer a decision that is not in the best interests of the shareholders. Directors may also have a preference for conformity and thus incur a loss if their actions differ from those of other directors, such as voting differently than the majority.

Learn more about decision making here:

brainly.com/question/16407152

#SPJ4

6 0
2 years ago
Return on Common Stockholders' Equity
attashe74 [19]

Answer:

Explanation:

Return on common stockholders' equity for 2015:

(Net income - preferred stock)/Equity

(63,000-5,400)/2,400,000 = 57,600/2,400,000 = 2.4%

Return on common stockholders' equity for 2015:

(99,000-5,400)/3,000,000 = 93,600/3,000,000 = 3.12%

From these calculations, it is clear that return has improved.

8 0
3 years ago
When is an employee entitled to a right-to-sue letter from the eeoc?
deff fn [24]
<span>within 180 days from the time the employee filed a complaint provided the eeoc finds that there has been discrimination
C.

</span>
3 0
3 years ago
What is a nonprofit corporation, and how is it different from a C corporation?
nalin [4]

Answer:

A corporation is to make profit

non-profit coorporation don't have any shareholders, so they serve a different function. Thier focus is on something other than making profit

3 0
2 years ago
Read 2 more answers
A farmer raises wheat and pays a portion of it as a tax that is collected by government agents and sent to a central storage fac
Olegator [25]

Answer:

REDISTRIBUTION                      

Explanation:

Redistribution of assets and income can be defined as social mechanism like taxes, education, healthcare, government services, political reform, fiscal policy, confiscation, separation or tort rule is the redistribution of wealth and income from some persons to others.

The phrase's meanings differ, based on private experiences, political philosophies and limited statistical usage. In politics, it is often said, probably referring to supposed transfers of wealth from those with more to those who have less.

3 0
3 years ago
Other questions:
  • Which of the following would not be used to create a personal balance sheet?
    7·1 answer
  • The flow of money from the markets for goods and services to the firms is called
    8·1 answer
  • On January 1, 2017, Huber Co. sold 12% bonds with a face value of $2,000,000. The bonds mature in five years, and interest is pa
    6·1 answer
  • Assume there is no leakage from the banking system and that all commercial banks are loaned up. Suppose the reserve ratio is 25%
    6·1 answer
  • The management of Madeira Computing is considering the introduction of a wearable electronic device with the functionality of a
    14·1 answer
  • Your seller wants to net $100,000 after the 5% commission is paid. Assuming no closing costs, at what price does the home need t
    9·1 answer
  • The following happens when a composer shortens a musical idea by using only a part of it:
    8·2 answers
  • 9. The controlling function of management could also be described as (1 point)
    5·1 answer
  • Jose graduated in engineering 5 years ago. Hisemployer will give him a raise of $10,000 per yearif he passes the PE exam (Profes
    10·1 answer
  • What do most companies do when they look to provide an offering to global markets?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!