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snow_lady [41]
3 years ago
13

For an automobile company, the total overhead applied was $48,000,000 at the end of the year. Actual overhead was $52,850,000. C

losing over/under applied overhead into cost of goods sold would cause net income to:
Business
1 answer:
ICE Princess25 [194]3 years ago
4 0

Answer:

Net income decreased by $4,850,000.

Explanation:

Given total overhead applied = $48000000

The actual overhead = $52850000

Over/under Applied overhead = total overhead applied - Actual overhead at the end of the year.

Over / under Applied overhead = 48000000-52850000

Over / under Applied overhead = -$4850000

From the calculation, it can be seen that the overhead is underapplied therefore when under applied overhead allocated to cost of goods sold then cost of goods sold decreased by $4850000.

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Dawson states that he is Chairman of the Board and the Chief Executive Officer of the company. This makes him:
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Answer:

The head of the company

Explanation:

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6 0
3 years ago
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A simple purchase on the Internet will not require which function?
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2 years ago
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Pani-rosa [81]
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3 years ago
Multiple Choice Question 121 The following information pertains to Ortiz Company. Assume that all balance sheet amounts represen
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Inventory TO 5.5

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Inventory turnover for Ortiz

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5 0
2 years ago
Suppose your firm develops a new pharmaceutical product that may be used to reduce blood cholesterol levels, so the firm is the
Troyanec [42]

Answer:

The markup calculated as a result of information about the elasticity of demand

Explanation:

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