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
Jlenok [28]
2 years ago
12

Lowden Company has a predetermined overhead rate of 163% and allocates overhead based on direct material cost. During the curren

t period, direct labor cost is $64,000 and direct materials cost is $76,000. How much overhead cost should Lowden Company should apply in the current period?
Business
1 answer:
Monica [59]2 years ago
8 0

Answer:

$123,880

Explanation:

Data provided in the question:

Predetermined overhead rate = 163%

Direct labor cost = $64,000

Direct materials cost = $76,000

Now,

Basis of allocation of overhead = Direct material cost

or

Basis of allocation of overhead = $76,000

also,

Overhead in the current period

= Basis of allocation of overhead × Predetermined overhead rate

= $76,000 × 163%

= $76,000 × 1.63

= $123,880

You might be interested in
How do organizations use podcasts?
Zepler [3.9K]
That’s the same thing I have in school
6 0
2 years ago
The factors that affect the price elasticity of supply include: Instructions: You may select more than one answer.
bearhunter [10]

Answer:

The correct answer is letter "A", "B", and "D": the availability of inputs; the flexibility of the production process; time needed to adjust to changes in price.

Explanation:

Price elasticity of supply reflects the changes in supply after a change in prices. The price elasticity of supply is calculated dividing the percentage in the change of quantity supplied by the percentage in the change of price. If the result is equal or greater than one (1) the supply of that good is elastic. If the result is lower than one (1), then the supply is inelastic.

Three main factors determine the price elasticity of supply which are <em>the amount of inventory or raw material in the industry, the capacity to increase or decrease the production, </em>and <em>the time needed to produce the good to be offered based on the price fluctuations.</em>

8 0
2 years ago
Near the end of 2010, the ledger of Stivers Company included the following accounts and balances: Allowance for Doubtful Account
Minchanka [31]

Answer and Explanation:

The computation of the balances of the Allowance for Doubtful Accounts, Bad Debt Expense and Accounts Receivable is shown below;

For Accounts receivable  

a) Opening balance $200,000 Debit balance

b) Current year credit sales (75% of $800,000) $600,000 Debit balance

c) (-) Current collection from accounts receivables -$450,000 Credit balance

d) (-) Bad debt expenses -$11,000 Credit balance

e) Closing balance of accounts receivables $339,000 Debit balance

for Allowance for Doubtful Accounts  

Allowance required as per Current year analysis (2% of (75% of $800,000) $12,000 Credit balance

(-) Opening balance $1,000 Credit balance

$11,000 Credit balance

The journal entry is  

Bad debt expense a/c …Dr   11000  

      To Allowance for Doubtful Accounts 11000  

The Closing balance of Allowance for Doubtful Accounts 12000 Credit balance

For Bad debt expenses  

The journal entry is    

Bad debt expense a/c …Dr   11000  

      To Allowance for Doubtful Accounts 11000  

The Closing balance of Bad debt expense account 0

7 0
2 years ago
Rogers suggested that ideas are diffused through the market in systematic stages. During the ________ stage the customer decides
Step2247 [10]

During the <u>Decision to adopt stage</u>  the customer decides whether or not to try the product.

Explanation:

  • Diffusion of Innovation (DOI) Theory,was framed by E.M Roger in the year 1962.

  • Diffusion of Innovation (DOI) Theory,is one of the most oldest theories of social science.

  • <u>This theory explains that how a new idea,product or behavior is first introduced and then how it diffuses ,and becomes a part of the social system as a whole</u>

<u />

8 0
2 years ago
The aggregate demand curve shows a _____ relationship between _____ and _____ at a given spending growth.
rewona [7]

The aggregate demand curve shows a relationship between aggregate price level and demand at the given spending growth.

<h3>What is demand?</h3>

Demand is explained as the requirement of a certain product in the market, usually this demand is varied if the prices are changed and the demand also is impacted by the supply.

If the prices are high it is highly likely that the demand of that product will reduce if the product is not a necessity.

If the prices are lower the demand for the product will increase.

Learn more about demand and supply at brainly.com/question/27305760

#SPJ1

5 0
1 year ago
Other questions:
  • Valencia Corp. has permanent productive capacity devoted to the production of goods and services to be marketed in Asian markets
    15·1 answer
  • SaaS refers to:
    7·1 answer
  • Which career pathway describes the two main aspects of the Business, Management, and Administration career cluster?
    6·2 answers
  • The main reason that gross national income figures can be misleading is because they
    14·1 answer
  • How many times will interest be added to the principal in 1 year if the interest is compounded quarterly?
    9·2 answers
  • The fact that personal dynamics are more likely to be a problem in a family business is an example of?
    10·2 answers
  • How much should you pay for a share of stock that offers a constant growth rate of 13%, requires a 18% rate of return, and is ex
    12·1 answer
  • "A producer provided a conditional receipt to an applicant who paid the first premium with the application. The applicant died b
    5·1 answer
  • The variable overhead spending variance, the fixed overhead spending variance, and the variable overhead efficiency variance can
    11·1 answer
  • A country has nominal GDP equal to $204.31 billion in 2018. The GDP deflator in 2018 has a value of 112.64. What was the value o
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!