Answer:
Manufacturing overhead cost applied= $280,720
Explanation:
Giving the following information:
Plantwide predetermined overhead rate of $23.20 per direct labor-hour.
Estimated $278,400 of total manufacturing overhead cost.
Estimated activity level of 12,000 direct labor-hours.
The company incurred actual total manufacturing overhead costs of $269,000 and 12,100 total direct labor-hours during the period.
Manufacturing overhead cost applied= actual direct labor hours* predetermined overhead rate
Manufacturing overhead cost applied= 12100* 23.20= $280,720
Answer: True
Explanation: In simple words, operations management refers to the process in which an individual or an entity oversee the activities that are performed with an organisation with the objective of attain highest level of efficiency.
In operational management, the manager makes sure that the raw material would be combined with the labor force in such way that production level could be maximized which further results in hither level of profits.
Hence from the above we can conclude that the given case depicts operational management.
Answer:
It should process further as increases the contribution of the firm by 10 dollars
Explanation:
<u>rough-cut board:</u>
sales price: 440
unit cost: (315)
contribution 115
<u>finished-cut board:</u>
sales price 600
cost (465)
contribution 135
<u>difficerential analysis:</u>
600- 440 = 160 increase in sales
465 - 315 =<u> 150 </u>increase in cost
10 increase in contribution
Answer:
False
Explanation:
Ramon is a sole proprietor and he has the right to take the profits from his business after conducting all the necessary tax deduction. Therefore, on the Schedule C Report, he can also document the income/profit he made after removing the self employment tax. He doesn't need to document the income from the payment card and other sources of income.