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
xeze [42]
3 years ago
15

Mango Company applies overhead based on direct labor costs. For the current year, Mango Company estimated total overhead costs t

o be $360,000, and direct labor costs to be $180,000. Actual overhead costs for the year totaled $387,000, and actual direct labor costs totaled $203,000. At year-end, the balance in the Factory Overhead account is a:
Business
1 answer:
erastovalidia [21]3 years ago
8 0

Answer:

Balance for the Factory Overhead account: 19,000 credit

Explanation:

We will first, calculate the overhead rate based on the predetermination overhead rate:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

The total manufacturing cost will be distributed over the cost driver. In this case, labor cost:

360,000/180,000 = 2 overhead rate

Then, we calculate the applied overhead 203,000 x 2 = 406,000

Now, the balance for factory overhead account:

Actual overhead: 387,000 debit

        payable, accumulated depreicaiton and other 387,000 credit

WIP 406,000 debit

Applied Overhead 406,000 credit

Balance:

406,000 - 387,000 = 19,000 credit

You might be interested in
Holly owns a dance studio. To improve sales of dance classes, she is reviewing how her marketing team could update the company's
ASHA 777 [7]

Answer:

b. website layout

c. email marketing

Explanation:

The website layout is the layout i.e created for a website. It should be attractive to the owners and users. Moreover it should be easy to navigate it so that if anyone could access to the website he or she could easily access it without any hurdle.

The email marketing is a technique in which we can send one message to large audience in the same time. It helps in saving cost and time

According to the given situation, the online customers struggled with website navigate and to find out the contact information related to the business

So to modify and help address her customer feedback the website layout and the email marketing plays a vital role and the same is to be considered

6 0
3 years ago
The Acme Corporation has been acquired by the Conglomerate Corporation. To help finance the takeover, Conglomerate is going to l
vovangra [49]

Answer:

The one-year liquidity index for these securities is 0.862

Explanation:

For computing the liquidity index, we have to use the formula which is shown below:

= (IBM stock face value ÷ total amount of face value) × (IBM current liquidation value ÷ IBM one year liquidation value) + (GE stock face value ÷ total amount of face value) × (GE current liquidation value ÷ GE one year liquidation value) + (Treasury securities stock face value ÷ total amount of face value) × (Treasury securities current liquidation value ÷ Treasury securities one year liquidation value)

where,

total amount of face value = IBM stock face value + GE stock face value + Treasury securities face value

= $15,000 + $6,000 + $20,000

= $41,000

Now put these values to the above formula

= ($15,000 ÷ $41,000) × ($14,900 ÷ $15,500) + ($6,000 ÷ $41,000) × ($3,000 ÷ $3,400) + ($20,000 ÷ $41,000) × ($15,000 ÷ $19,000)

= 0.365 × 0.961 + 0.146 × 0.882 + 0.487 × 0.789

= 0.350 + 0.128 + 0.384

= 0.862

Hence, the one-year liquidity index for these securities is 0.862

8 0
3 years ago
According to your text, selection methods should accurately predict how well individuals perform, and they should only be applic
zavuch27 [327]

Selection Funnel Process should be decided by the organisation to have good candidates that would help to Grow the business.

Explanation:

1. Positive Attitude -. The candidate should have a optimistic thinking towards every situation he/she faces.

2. Cooperative/Teamwork - The candidate should have the sportsman spirit to be able to work under or above as a team.

3. Creative -The candidate should have a create mind so as to innovate and give new ideas , suggestion that help the company to grow.

6 0
3 years ago
What are the functions of business.
expeople1 [14]
The most likely answer is option D
4 0
2 years ago
Suppose that a museum of modern art discovers the following: adults are willing to pay $20 per ticket to see a Monet exhibit. St
padilas [110]

Answer:

50%

Explanation:

From the question we have here

If adults would pay 20$

Out of a 100% students:

60% would pay 15

40% would pay 10

If regular price = 20$

We are required to find discount

Discount = (20 - 10)/20 x 100

Discount = 0.5 x 100

Discount = 50%

The museum should offer 50percent discount.

6 0
3 years ago
Other questions:
  • The set of companies a product goes through on the way to the consumer is called
    13·2 answers
  • On April 1, 2017, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the comp
    7·1 answer
  • Is sand and salt mixture homogeneous or heterogeneous?
    8·1 answer
  • The best description of a strong leader is someone who?
    12·2 answers
  • If you are employed to advertise a product, according to the text, the first thing you should consider in planning your advertis
    12·1 answer
  • Even if you are willing to take on more responsibility, you need to make sure that ______. a. you do not take on too much b. you
    7·2 answers
  • Illustrate your understanding of how to use the adjusted trial balance to prepare a statement of retained earnings by completing
    5·1 answer
  • If the CEO of a large, diversified, firm were filling out a fitness report on a division manager (i.e., "grading" the manager),
    13·1 answer
  • The welding department supplies parts to the final assembly line. Management decides to implement a kanban system and has collec
    6·1 answer
  • Coca-Cola costs the consumer about the same as Pepsi, Dr Pepper, and other soft drinks. The soft drink industry generally follow
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!