4. Consumption as a component of GDP refers to the expenditure of A. banks. B. household. C. producers. D. government.

The following information is available from the records of a manufacturing company that applies factory overhead based on direct

WITCHER [35]

Answer:

The manufactured overhead was under-estimated.

Explanation:

Giving the following information:

The actual manufacturing overhead costs incurred were $515,000.

Estimated Manufacturing overhead was $500,000.

Overhead allocation is the distribution of indirect costs to produced goods. When the administration has undervalued and under-funded the amount of money needed for non-production costs, they have under-allocated overhead.

Over applied manufacturing overhead:

Applied overhead>Actual overhead

Under applied manufacturing overhead:

Applied overhead<Actual overhead

In this exercise:

Actual manufacturing overhead - Estimated Manufacturing overhead= 515000- 500000= 15000

The manufactured overhead was under-estimated.

8 0

3 years ago

What does the term primary, secondary and tertiary mean in business?

seropon [69]

Tertiary means commercial services.

Primary business purpose is a phrase denoting that the main intent of traveling out of town was to transact business.

A secondary industry makes products that are more likely to be consumed by individuals.

Hope this helps, have a good day. c;

7 0

3 years ago

Read 2 more answers

The well derrick has 5.5 percent preferred stock outstanding that sells for $48 a share. this stock was originally issued at $45

Nookie1986 [14]

To solve:
Percentage of preferred stock outstanding = 5.5%
Price per share = $48

Price of preferred stock = (.055 x $100)/$48
Price of preferred stock = .1146

To turn into a percentage:
% = (.1146)(100)
11.46%

8 0

3 years ago

Nile Corp. has identified three cost pools to allocate overhead costs. The following estimates are provided for the coming year:

True [87]

Answer:

Overheads cost allocated to Mossman Job = $449

Explanation:

We have been provided the cost of each activity and their respective drivers.

There are three activities

Supervision of Direct Labor = $304,000 for 760,000 labor hours

Machine Maintenance = $153,600 for 960,000 hours

Facility rent = $165,000 for 110,000 square feet

Activities of Mossman Job and respective costs will be as follows:

Supervision of Direct Labor = $304,000/760,000 X 260 labor hours = $104

Machine Maintenance = $153,600/960,000 X 1,500 = $240

Facility Rent = $165,000/110,000 X 70 = $105

Net Overheads cost allocated to Mossman Job = $104 + $240 + $105 = $449

6 0

3 years ago

The controller of Fortnight Co. has requested a quick estimate of the manufacturing supplies needed for the Cleveland Plant for

zmey [24]

Answer:

$778460

Explanation:

Using the highlow method, we calculate the variable cost per unit,

VC / unit = 855460 - 651960 / 730000 - 545000 = $1.1per unit

The total fixed cost will be = 855460 - (1.1 * 730000) = $52460

The cost estimating equation will be,

Total cost at x number of unit = 1.1x + 52460

The cost of manufacturing supplies for the month of July will be,

Total cost (July) = 1.1(660000) + 52460 = $778460

6 0

3 years ago