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
Anuta_ua [19.1K]
2 years ago
11

Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct

labor-hours were 21,900 hours and the total estimated manufacturing overhead was $521,220. At the end of the year, actual direct labor-hours for the year were 21,750 hours and the actual manufacturing overhead for the year was $521,220. Overhead at the end of the year was:
Business
1 answer:
Paladinen [302]2 years ago
8 0

Answer:

Overhead at the end of the year was $3,570 under-applied

Explanation:

For computing the ended overhead amount, first, we have to compute the predetermined overhead rate. The formula is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

= $521,220 ÷ 21,900 hours

= $23.8

Now we have to find the actual overhead which equals to

= Actual direct labor-hours × predetermined overhead rate

= 21,750 hours × $23.8

= $517,650

So, the ending overhead equals to

= Actual manufacturing overhead - actual overhead

= $521,220 - $517,650

= $3,570 under-applied

You might be interested in
Nadia could not withdraw money from her checking account, even though it had been several weeks since she deposited a check. Wha
seraphim [82]
The last one is definitely not the answer. I am also trying to figure this out but I know for a fact the last one isin't, I think it is the 3rd option! i looked up the defenitions of the others and the one that seems right  is the 3rd. Goodluck!

4 0
2 years ago
Read 2 more answers
Astro Co. sold 20,500 units of its only product and incurred a $67,750 loss (ignoring taxes) for the current year as shown here.
maksim [4K]

Answer:

Break even point in dollar sales = $1,050,000

Explanation:

Break Even Point in dollar sales = Fixed Cost/ Contribution margin percentage

Contribution margin percentage = (Contribution margin/ Sales) X 100

Here we have for the year 2017

Contribution margin = $194,750

Sales = $779,000

Contribution margin percentage = ($194,750/$779,000) X 100 = 25%

Break even point in dollar sales = Fixed Cost $262,500/25%

= $1,050,000

3 0
3 years ago
After a strong hurricane lashed the Caribbean last year, many impacted countries were forced to borrow money for repairs. Which
LenKa [72]

Answer: World bank

Explanation:

5 0
2 years ago
The annual inventory of The Bike Shop Inc. shows the following information for mountain bikes: DATE QUANTITY COST TOTAL January
Nesterboy [21]

Answer:

$4,536

Explanation:

LIFO assumes that the units to arrive last will be sold first. Hence inventory valuation is based on the prices of earlier units.

Ending Inventory = 36 x $126 = $4,536

The value of the ending inventory using the LIFO method of inventory pricing is $4,536.

5 0
3 years ago
Ralph is a former student in AECN 141. The first exam he scored a 60%, and did not study. The second exam he scored a 75% and st
sergeinik [125]

The marginal productivity of the first hour of studying is 15%.

<h3><u>What is Marginal Productivity?</u></h3>
  • The additional output, return, or profit generated per unit as a result of benefits from production inputs is referred to as marginal productivity or marginal product.
  • Raw materials and labor are examples of inputs. According to the rule of decreasing marginal returns, the marginal productivity will normally decrease as production rises when a production element is improved.
  • This indicates that for every extra unit of output produced, the cost advantage often decreases.
  • Diminishing marginal productivity is often recognized in its most straightforward form when a single input variable exhibits a drop in input cost.
  • For instance, a reduction in labor expenses during the car-manufacturing process would result in slight increases in profitability per vehicle.

Formula for Marginal Productivity = (Qn – Qn-1) / (Ln – Ln-1)

The total product value is divided by the difference in labor to determine the marginal product of labor.

Know more about Marginal Productivity with the help of the given link:

brainly.com/question/13623353

#SPJ4

7 0
2 years ago
Other questions:
  • Jan pays $70 each month for her auto insurance policy. This regular payment is called a : A.) co-pay. B.) deductible. C.) premiu
    8·2 answers
  • What is an ethical dilemma
    14·1 answer
  • Alpha Company uses a process cost system. During 2017, Alpha had no beginning work in process inventory. During 2017, Alpha star
    5·1 answer
  • Which of the following does not represent an outflow of cash and therefore would not be reported on the statement of cash flows
    10·1 answer
  • If Congress imposes a $5 tax on each ATM transaction, the demand for money will likely: Group of answer choices increase. decrea
    11·1 answer
  • The payroll register of Heritage Co. indicates $3,900 of social security withheld and $975 of Medicare tax withheld on total sal
    6·1 answer
  • Your aunt is about to retire, and she wants to sell some of her stock and buy an annuity that will provide her with income of $5
    15·1 answer
  • The _____ prohibits the transfer of personal data to non-European Union nations that do not meet the European adequacy standard
    15·1 answer
  • Suppose an economy is producing real GDP of $300 billion. The potential output is equal to $400 billion, and the marginal propen
    6·1 answer
  • Which skills do business leaders rate as the most important for college graduates to possess?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!