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
Vedmedyk [2.9K]
3 years ago
5

The OHApp-717 Company uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. La

st year, the company worked 59,500 actual direct labor-hours and incurred $492,000 of actual manufacturing overhead cost. The company had estimated that it would work 61,400 direct labor-hours during the year and incur $423,660 of manufacturing overhead cost. The company's manufacturing overhead cost for the year was: (Round your intermediate calculations to 2 decimal places.)
Business
1 answer:
Korolek [52]3 years ago
7 0

Answer:

$81,450

Explanation:

The computation of the company's manufacturing overhead cost for the year was given below:

Predetermined overhead rate is

= ($423,660) ÷ 61,400 direct labor hours

= $6.90

And,  

Actual overhead cost = $492,000

Now  

Applied overhead cost is

= 59,500 × $6.90

= $410,550

So, the overhead underapplied by

= $492,000 - $410,550

= $81,450

You might be interested in
On January 1, Andrea reviews her investment portfolio and finds out that she has had a very profitable year. To offset some of h
butalik [34]

Answer:

$5,000 realized, but not recognized loss

Explanation:

Based on the above information given we were told that two years earlier She purchased some shares for the amount of $15,000 in which in order for her to offset few of her gains she sells those 100 shares of Bear Corporation for the amount of $10,000 making her to REALIZED the amount of $5,000 ($15,000-$10,000) reason been that a loss will be realized instantly in a situation were an assets is sold out for a loss.

Therefore the tax consequences to Andrea this year will be the amount of $5,000 Realized, but not recognized loss.

8 0
3 years ago
Two investors, Drew and Sidney, are investing in fixed income assets. Drew has a fixed income portfolio worth $5000 with a durat
navik [9.2K]

Answer:

I would have to say Drew

Explanation:

6 0
4 years ago
discuss how a large food retailer , with many shops could effectively communicate corporate objectives to it's workforce ​
Amanda [17]

Answer:

3. Planning, and controlling & evaluation are considered as the two sides of a coin. Discuss why they are considered like this with examples

Explanation:

8 0
2 years ago
To avoid libel charges, a journalist who is writing about a local government scandal should 
expeople1 [14]
Check all sources carefully

6 0
3 years ago
Read 2 more answers
Decide for each item whether it is part of GDP and, if so, to which expenditure category it belongs.Purchase of 100 shares of Ge
love history [14]

Answer:

NO , 100 shares purchase of GMS is not included in GDP

Explanation:

GDP is gross value of final goods & services produced by an economy in its domestic territory during a financial year .

Purchase of 100 Shares of General Motor stock is not included in GDP : Because it does not lead to any new production of goods & services , is mere transfer of ownership from company to shareholders . Similarly , Debenture selling is also not included

It is analogous to the rule of excluding second hand goods from GDP , since they have not lead to any new goods / services & are mere transferred from one owner to another .

However , any Brokage fee / commission paid related to either of these is included because it is factor income for a productive intermediary service. Also , returns on shares i.e Dividend (or even Interest on debetures) are included - since these are factor income to factors of production (capital component share) .

4 0
4 years ago
Other questions:
  • Bobby is part of the marketing team of a company that sells various Bluetooth devices. The target customers for this product bel
    13·1 answer
  • American Surety and Fidelity buys and sells securities expecting to earn profits on short-term differences in price. For the fir
    11·1 answer
  • Alchemy Manufacturing produces a pesticide chemical and uses process costing. There are three processing departments—Mixing, Ref
    8·1 answer
  • Land of Many Lakes (LML) sells butter to a broker in Albert Lea, Minnesota. Because the market for butter is generally considere
    11·1 answer
  • Which of the following items must be added to the cash balance per ledger in preparing a bank reconciliation which ends with adj
    6·1 answer
  • Nursing faculty at Walnut Valley Community College must possess a​ master's degree in nursing from a regionally accredited colle
    14·1 answer
  • On June 30, the board of directors of Sandals, Inc., declares a 2-for-1 stock split on its 24,000, $1 par, common shares. The ma
    6·1 answer
  • All of the following are true about why it is important to complete the Free Application for Federal Student Aid (FAFSA) process
    5·1 answer
  • In 2015, the country with the highest GDP per capita in the world was
    7·2 answers
  • Say that the economy is in steady state. Assume now that the government implements an important educational program that makes c
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!