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
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

You might be interested in
Concord Corporation had 2020 net income of $809,000. During 2020, Concord paid a dividend of $2 per share on 60,500 shares of pr
almond37 [142]

Answer:

$3.2 per share

Explanation:

Earnings per share = Net income - (preferred stock shares × dividend paid] ÷ Outstanding shares of common stock

= [($809,000 - ( 60,500 × $2 per share)] ÷ 215,000

= [$809,000 - ( $121,000)] ÷ 215,000

= $809,000 - $121,000 ÷ 215,000

= $688,000 ÷ 215,000

= $3.2 per share

4 0
3 years ago
By identifying and investing early in a potential future economic star, international firms can ________ and gain experience in
beks73 [17]

Answer:

build brand loyalty

Explanation:

The companies could develop the brand loyalty via a deep understanding of the customer priorities and their buying behavior also it aligned what they stand. Here the effective brand would create the strong and creative identity  that can the customer can related also this identity would remain the same over the time period

Therefore as per the given situation, it is a build brand loyalty

7 0
2 years ago
Fisher Company has 1,000,000 share of common stock with a par value of $10. Additional paid-in capital totals $10,000,000 and re
aleksley [76]

Answer:

B. $300,000

Explanation:

The computation of the reduction of retained earning amount is shown below:

= Number of shares of common stock × stock dividend percentage × market value

= 1,000,000 shares × 6% × $5

= $300,000

Since the dividend amount is adjusted while computing the ending balance of retained earning balance and the same is to be considered in the computation part.

All other information which is given is not relevant. Hence, ignored it

8 0
3 years ago
In an Oligopoly industry a change in price by one firm will _____ impact the other firms in the industry.
FrozenT [24]

Answer:

The answer is significantly.

Explanation:

Oligopoly is a market situation in which there are few sellers, selling similar goods and services and many buyers. The barriers to entry in this market in high. Example of a oligopoly market is OPEC.

The competition amongst the few sellers is high because they are selling the same thing and a change in price by one firm will significantly affect other firms in the industry. For example, if a firm reduces the price of its goods, this creates a price war and other firms to start reducing their price to match the lower price. And if another firm increases its price, consumers will switch to competitors

3 0
3 years ago
To minimize potential risks of harm, a researcher conducting an on-line survey can:
Norma-Jean [14]
To minimize potential risks of harm, a researcher conducting an on-line survey can d<span>esign the survey so that no direct or indirect identifiers are collected.
This way, there will be little or no risks of harm at all, if there is a survey that is going to eliminate any possibility of collecting either direct or indirect identifiers. Given that eradicating any such risks is the most important thing here, such surveys are a must.</span>
8 0
3 years ago
Other questions:
  • Why did the safavid empire decline so quickly ?
    10·1 answer
  • 5. Which of the following is an example of global economies of scale? a. Johnson &amp; Johnson makes fourteen different varietie
    6·1 answer
  • Nubela Manufacturing is considering two alternative investment proposals with the following​ data: Proposal X Proposal Y Investm
    13·1 answer
  • England has a relatively cool and cloudy climate that is ill suited for grape growing. It can produce 200 units of wine for ever
    14·1 answer
  • Which of the following statements most accurately describes the federal government and its employees?
    10·1 answer
  • Can Europe's debt crisis be contained?
    14·1 answer
  • How effective do you think ads are in facilitating need recognition? Explain.
    13·1 answer
  • What is least likely and most likely to do ?
    7·1 answer
  • here is more poi nts sorry for my last one that got flagged cause ech o2155 flagged my question I'm just doing a give away
    8·1 answer
  • Conroy Company uses the allowance method to account for bad debts. During the year, Conroy determined that a balance of $200 fro
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!