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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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<h3>What is an easy hobby? </h3>

Simple interest is a short and smooth approach to calculating the interest rate on a loan. Simple interest is calculated by multiplying the daily interest fee by the number of days between bills.

This kind of interest generally applies to car loans or short-term period loans, despite the fact that a few mortgages use this calculation approach.

When you're making a charge on an easy interest loan, the charge first goes towards that month’s interest, and the rest goes towards the foremost.

Each month’s interest is paid in full, so it by no means accrues. In contrast, compound interest provide a number of the month-to-month interest lower back onto the loan; in every succeeding month, you pay for a new interest on the vintage interest.

The formulation for an simple interest is pretty, well, easy:

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In the U.S., maximum mortgages on an amortization schedule are also easy interest loans, despite the fact that they are able to genuinely experience compound interest ones.

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5 0
2 years ago
Which best explains why producers choose to specialize? choose two answers. to increase competition to gain a comparative advant
Svetradugi [14.3K]

The reasons why producers choose to specialize are:

  1. to gain a comparative advantage
  2. to increase efficiency.

<h3>What is specialization?</h3>

Specialization is when a producer concentrates on the production of some particular goods and services.

Advantages of specialisation

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6 0
2 years ago
After informing his employer that he had cancer, Maury was abruptly fired. The federal legislation that prohibits discrimination
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Answer:

A) the Fair Labor Standards Act.

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The fair labor standard act is a federal legislation set up to protect employees from certain sharp practices by employers which pertains to pay packages, minimum wage, record keeping in private or governmental organizations.

This also includes employment standards followed by employers when recruiting workers.

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3 years ago
Comcast (CMCSA) is trading at 54.33. You decide to short sell 100 shares of their stock, providing 2850 in collateral to your br
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Answer: =-9.34%

Explanation:

Assuming the brokerage account pays no interest on your cash, the return, relative to the collateral will be calculated as:

= (Short sell price - dividend - Share buy price)/Capital employed

= (5433 - 100 - 5600) / 2850

= -267 / 2850

= -0.09368

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Note:

Short sell price = 54.33 × 100 = 5433

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2 years ago
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