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scZoUnD [109]
3 years ago
5

Echo Corporation uses a job-order costing system and applies overhead to jobs using a predetermined overhead rate. During the ye

ar the company's Finished Goods inventory account was debited for $360,000 and credited for $338,800. The ending balance in the Finished Goods inventory account was $36,600. At the end of the year, manufacturing overhead was overapplied by $15,900.If the applied manufacturing overhead was $169,300, the actual manufacturing overhead cost for the year was:
Business
1 answer:
ozzi3 years ago
5 0

Answer:

Actual overhead= $153,400

Explanation:

Giving the following information:

During the year the company's Finished Goods inventory account was debited for $360,000 and credited for $338,800. The ending balance in the Finished Goods inventory account was $36,600.

At the end of the year:

Manufacturing overhead was overapplied by $15,900.

If the applied manufacturing overhead was $169,300.

Because the manufacturing overhead was overapplied, we need to subtract from the applied overhead to determine the actual overhead.

Actual overhead= applied overhead - overapplied overhead

Actual overhead= 169300 - 15900= $153,400

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Lena [83]

Answer:

a job i hate becasue they pay well

Explanation:

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2 years ago
Your friend wants to open a clothing shop. A necessary capital resource is a
saw5 [17]

Answer: Your friend wants to open a clothing shop. A necessary capital resource is a <u>place to open the shop.</u>

Explanation: Capital is the element constituted by money and infrastructure, which are needed to take advantage of human and natural resources in the productive process, considered as essential by the capitalists, since without money and other economic resources, companies cannot settle and industries, because they need it to have facilities, furniture, machinery, buy raw materials, pay staff, and so on.

6 0
3 years ago
If the minority price for a single share of stock of a company is $20, if there are 500 thousand shares of stock, and a person o
KATRIN_1 [288]

Answer:

$4,500,000

Explanation:

current market price per stock $20

total stocks outstanding 500,000

corporation's total value = 500,000 x $20 = $10,000,000

investor's offer to purchase 100% at $14,500,000

controlling interest premium = $14,500,000 - $10,000,000 = $4,500,000

new price per stock = $14,500,000 / 500,000 = $29

The controlling interest premium equals the difference between the current market price of the stock and the purchase offer.

8 0
3 years ago
How can the outsourcing of jobs cause production possibilities to expand?
ollegr [7]
Outsourcing of jobs causes product possibilities to expand as they carry out their work or company into having it outside rather than indoor or at home in a way of expanding their functions and their company to be able to make their company known and tackle different circumstances or dimensions that will greatly affect their company.
3 0
3 years ago
Read 2 more answers
What is the total value of Company H's stock?
dmitriy555 [2]

Answer:

Insufficient data

Explanation:

Suppose x represents the total value of Company H's stock

Here, we need to find out : value of x.

(1) Investor P owns \small \frac{1}{4} of the shares of Company H's total stock

i.e. Investor P's amount in H's stock  = \frac{1}{4}x

We did not give P's investment.

Thus, data is insufficient to find value of x.

(2)  The total value of Investor Q's shares of Company H's stock is $16,000.

Q's share in company H's stock = $16,000

There is no relation between x and Q's share given,

Thus, data is insufficient to find value of x.

Now, when we combined the data (1) and (2),

We still can not find the value of x.

Because, there are also other investors in stock H other than P and Q.

Hence, the data is inadequate to find total value of Company H's stock.

6 0
3 years ago
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