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rewona [7]
3 years ago
5

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

mated to be $150,000, direct professional labor hours were estimated to be 15,000, and direct professional labor cost was projected to be $225,000. During the year, Armour incurred actual overhead costs of $146,000, actual direct professional labor hours of 14,500, and actual direct labor cost of $222,000. By year-end, the firm's overhead was:
Business
1 answer:
Vikki [24]3 years ago
5 0

Answer:

The firm's overhead was $1,000 under-applied

Explanation:

For computing the firm 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)

= $150,000 ÷ 15,000 hours

= $10

Now we have to find the actual overhead which equal to

= Actual direct labor-hours × predetermined overhead rate

= 14,500 hours × $10

= $145,000

So, the firm overhead equals to

= Actual manufacturing overhead - actual overhead

= $146,000 - $145,000

= $1,000 under-applied

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If a company selects either of Project 1 or Project 2 (or both), then either Project 3 or Project 4 (or both) must also be selec
Eva8 [605]

Answer:

b. X1 + X2 ≤ X3 + X4

Explanation:

b. X1 + X2 ≤ X3 + X4

The situation tells us that the sum of both 1 and 2 must be equal to the sum of 3 and 4 which is true, because if both projects 1& 2 are selected then the both projects 3 & 4 must also be selected.

The rest of the choices are wrong because

a. X1 + X2 ≤ 2(X3 + X4)

The sum of projects 1& 2  is not less than 2 times sum of projects 3 & 4 .

c. X1 − X3 = X2 − X4

If we leave project 3 then project 4 cannot be left out.

d. X1 + X2 + X3 + X4 ≤ 2

any two projects out of the four cannot be chosen. 1 must be chosen from 1&2  and the other from 3 &4.

4 0
3 years ago
Television advertising offers many advantages to national advertisers, but it is a relatively ______ form of advertising
Dmitry_Shevchenko [17]

Television advertising offers many advantages to national advertisers, but it is a relatively<u> expensive</u> form of advertising.

Advertisement is used by companies to promote their products and make people aware of such products. There are different forms of advertisement such as through television, radio, newspaper, etc.

Television advertising is typically desirable but costly to produce the advertisement. It's desirable but expensive to buy time. Despite its advantages, it's costly.

Read related link on:

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5 0
2 years ago
At April 30, Marigold Corp. has the following bank information: Cash balance per bank $5400 Outstanding checks $330 Deposits in
aivan3 [116]

Answer:

$5,720

Explanation:

Calculation to determine What is Marigold adjusted cash balance on April 30

MARIGOLD CORP Adjusted cash balance on April 30

Cash balance per bank $5400

Less:Outstanding checks ($330)

Add: Deposit in transit $650

Adjusted cash balance. $5720

($5400-$330+$650)

Therefore Marigold adjusted cash balance on April 30 is $5,720

7 0
3 years ago
The balance in retained earnings at December 31, 2020 was $1440000 and at December 31, 2021 was $1168000. Net income for 2021 wa
fomenos

Answer:

C. $682,000

Explanation:

Given the above information, the computation of cash dividend is seen below;

Beginning retained earnings (2020) + net income - Stock dividend - Cash dividend = Retained earnings

$1,440,000 + $1,008,000 - ($499,000 + $99,000) - Cash dividend = $1,168,000

$2,448,000 - $598,000 - Cash dividend = $1,168,000

Cash dividend = $2,448,000 - $598,000 - $1,168,000

Cash dividend = $682,000

5 0
2 years ago
If a firm has demographic and purchasing information about its customers, the firm can use data mining techniques to create mark
Mumz [18]

Answer:

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If a firm has detailed information regarding the demographic and purchasing data of the clients that helps to arrange the product and services in a more concise level. More importantly, they can take that information and design marketing programs accordingly, and those marketing programs can be made to facilitate different marketing segments and target market.

8 0
3 years ago
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