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
erica [24]
3 years ago
13

7. Winston Company estimates that the factory overhead for the following year will be $1,250,000. The company has decided that t

he basis for applying factory overhead should be machine hours, which is estimated to be 50,000 hours. The total machine hours for the year were 54,300. The actual factory overhead for the year was $1,375,000. Determine the over- or underapplied amount for the year.
Business
1 answer:
ser-zykov [4K]3 years ago
4 0

Answer:

$17,500

Explanation:

Given that,

Actual factory overhead for the year = $1,375,000

Estimated overhead = $1,250,000

Estimated machine hour = 50,000

Total machine hours for the year = 54,300

Predetermined rate per hour:

= Estimated overhead ÷ Estimated machine hour

= $1,250,000 ÷ 50,000

= $25 per hour

Applied overhead:

= Predetermined rate per hour × Total machine hours

= $25 × 54,300

= $1,357,500

Therefore, the under-applied amount for the year:

= Actual factory overhead - Applied overhead

= $1,375,000 - $1,357,500

= $17,500

You might be interested in
A stock market analyst is able to identify mispriced stocks by comparing the average price for the last 10 days to the average p
telo118 [61]

Answer:

Consider the following thoughts

Explanation:

  • No. the market is a semi-strong form of efficient.

The semi-strong form of efficiency states that the market is efficient.  

  • Yes, the historical information is also called as a public information.
  • Weak form of efficiency is a another class of the semi-strong form of efficiency.
  • If a market is strong form efficient, then it is also semi-strong and weak form efficient since all available information includes past prices and publicly available information.
  • The semi-strong form also incorporates the weak form of hypothesis.
  • They include event tests.

6 0
3 years ago
In symbolic terms where Y equals real GDP, POP equals total population, and N equals the number of employed workers, Y/POP must
Simora [160]

Answer:

a. Y/N×N/POP.

Explanation:

Given that

Y = Real GDP

POP = Total population

N = Number of employed workers

By considering the above information, we have to find out the real GDP per person or real GDP per capita which equal to

Real GDP per person = (Real GDP) ÷ (Total population)

We simply divide the real GDP by the total population so that real GDP per capita could arrive.

3 0
2 years ago
Mountain Mack spends his time carving fishing lures and duck decoys. If Mountain Mack spends all of his time carving fishing lur
Andreas93 [3]

The completed table is:

Fishing Lures      Duck decoys

40                              0

32                               40

24                               30

16                                20

8                                  10

0                                  50

<h3>What is the production possibilities schedule?</h3>

The production possibilities schedule is a schedule that shows the two combination of goods or services that can be produced when a person's resources are fully utilized.  

In order to determine the production possibilities schedule, the opportunity cost of producing 1 fishing lure have to be determined. The opportunity cost = 10 / 8 = 1.25. Thus, the opportunity costs between fishing lures and duck carves have to be 1.25

Please find attached the table  that contains the answer. For more information about the production possibility, please check: brainly.com/question/25774783

3 0
2 years ago
Financial well-being refers to a person that (check all that apply) *
olchik [2.2K]
What are the options ?
5 0
3 years ago
After I graduate college do y’all know how That you can close your brainly account
Semmy [17]
I couldn’t really understand you
5 0
2 years ago
Other questions:
  • Lap Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in a par
    15·1 answer
  • The relationship between pepe's pizzeria and its customers functions at which level of the relationship marketing continuum?
    11·2 answers
  • Why are we forced to make choices in day-to-day life? we are forced to make choices in day-to-day life because of resources.
    13·2 answers
  • Waterway has a standard of 2 hours of labor per unit, at $12 per hour. In producing 3800 units, Waterway used 7350 hours of labo
    6·1 answer
  • 1. If a business has assets of $ 5,600 and liabilities of $900, the owner's equity is *
    8·2 answers
  • Ted is a quality control manager at Greenwoods Cement Inc. Any time a problem arises and a decision needs to be made, he believe
    9·1 answer
  • What are examples of professional organizations? Select four options.
    11·2 answers
  • Profit on sale of fixed assets is used to creat
    10·1 answer
  • Like other limited liability companies, for federal jurisdictional purposes, Rodeo Productions LLC is most likely a citizen of
    7·1 answer
  • The most important tax rate for determining an individual's incentive to work is the _____ tax rate.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!