Answer:
E. Over applied overhead
Explanation:
Over applied overhead is defined as excess amount of overhead applied during a production period over the actual overhead incurred during that period. In other words, it means excess overhead applied to work over the amount of overhead actually incurred.
When this occurs, it is called favourable variance and it is added to the budgeted profit in the end of the accounting period in a financial statement.
Answer:
Option A ( Initiator) is correct
Explanation:
Initiator is the purchasing role that Hannah is playing in this case. As she identified the need to buy a particular product i.e computers to solve the problem of the organization.
A production function demonstrates the connection between contributions of capital and work and different elements and the yields of products and enterprises. The least complex conceivable generation work is a straight creation work with work alone as an information. A production work relates physical yield of a creation procedure to physical data sources or factors of generation.
Find the journal entries of the question in the given attachment
Answer:
C
Explanation:
The short term amount due (within the next fiscal year) is classified in the current liability section while the amounts due in years 2-5 would be reported in the long term section. Interest is always an expense and never reported on the balance sheet.