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
Keynesian economics emphasized that economic downturns could be due to: inflation. T/F?
loris [4]
T. inflation is a very big issue

3 0
3 years ago
Do some independent research on Nicholas Carr (the author of "IT Doesn’t Matter") and explain his current position on the abilit
pychu [463]

Answer:

I agree with Carr's position.

Explanation:

Nicholas Carr is a book author who conceived in america and he has distributed numerous books and articles on innovation, business, and culture.  

Nicholas Carr composed an article called "IT Doesn't Matter" in Harvard Business school at 2003 and in the year 2004 he distributed book called "Does IT Make a difference"  

So His thoughts irritated the data innovation industry for decages.  

Nicholas Carr is a previous individual from the Encyclopedia Britannicas publication leading group of counsels.  

Nicholas Carr was additionally in the directing leading group of the World Economic Forums distributed computing venture.  

Nicholas Carr was an author in home at the University of California at Berkeleys news coverage school.  

So Since 2005 he has composed the well known blog which got exceptionally famous.  

Nicholas Carr was likewise previous official proofreader of the Harvard Business Review.  

His present position is composing and giving a few methods in business and innovation.  

I concur with the situation of Nicholas Carr why in light of the fact that with the assistance of his articles we would knowledge be able to better information on business, innovation and culture.  

With the goal that we can improve our range of abilities and we can learn new things in various societies and advancements.  

By help of his articles and books we can increase some view over various territory in business and new innovations.  

So there are a lot of individuals who followed his articles and books and got numerous inputs to him with respect to the new articles and innovations.  

Nicholas Carr utilizes crafted by Gary Small and enduring the mechanical change of the advanced psyche and the hypothetical bedrock of The Shallow and he likewise cast chilling forecasts about what's to come.  

Nicholas Carr books overlooks the nature of the real book being perused and which is appears to accept that the thoughts in books are of inherently better quality.  

Indeed, even every one of Nicholas Carr proclamations are seen to disentangle after a touch of pushing.

7 0
3 years ago
A person invested $20,000 into two accounts that pays 2.5% and 3% simple interest annually, respectively. find the amount invest
denpristay [2]
Let:
x = amount in the account invested in 2.5%
20000 - x = amount in the account invested in 3%

Solution:
.025x + .03 (20000 - x) = 540
.025x + 600 - .03x = 540
-.005x + 600 = 540
-.005x = 540 - 600
-.005x = -60
x = 12000

Therefore, that person invests 12,000 at 2.5%
and
20,000 - 12,000 = 8,000 at 3%
8 0
3 years ago
Read 2 more answers
The combination of product lines offered by a manufacturer is called the firm's:
aliina [53]

Answer:

product mix

Explanation:

The combination of product lines offered by a manufacturer is called the firm's: product mix.

7 0
1 year ago
he support manager at Universal Containers wants a dashboard that shows the number of cases that remain open as of 5:00 p.m. eac
erma4kov [3.2K]

Answer:

A. Report based on a reporting snapshot that runs daily at 5:00 p.m.

Explanation:

Since the support manager needs a dashboard in the given situation that reflects the number of cases that stay open at 5:00 p.m every day at Universal Containers and in this case, every day at Universal Containers, he likes to work on a reporting snapshot running daily at 5:00 p.m. because it shows the real-time status or we may say that the current status is really required.

hence, the correct option is a.

7 0
3 years ago
Other questions:
  • You notice that juice is now selling for much higher prices than in the past, which two things would you expect to happen next
    12·1 answer
  • Light poles to be paid for in installments by affected property owners$350,000 Van used to transport supplies to all city depart
    14·1 answer
  • During the ___________ stage of the product life cycle, firms either position themselves for a niche segment of diehard consumer
    9·1 answer
  • George and Dan's political consulting firm is losing money, but it is more than covering its variable costs. What is the most ac
    11·1 answer
  • Q 10.29: The current market interest rate for $1,000, 10-year bonds of large corporations in the food industry is 6.3 percent. I
    14·1 answer
  • Purchasing a car on a loan through the bank or dealership is called:
    7·1 answer
  • Sers of interdependent organizations participating in the process providing a payment mechanism for a provider while making a se
    12·1 answer
  • Avon was known as the company that sold cosmetics door-to-door for a long time. In order to grow and reach new markets it began
    11·1 answer
  • Identify which basic assumption of accounting is best described in each/some item(s) presented below:a) The economic activities
    11·1 answer
  • Research demonstrates that companies with_______________________________ have higher returns on sales, investments, assets, and
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!