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
vlada-n [284]
3 years ago
9

A manufacturing company applies factory overhead based on direct labor hours. at the beginning of the year, it estimated that fa

ctory overhead costs would be $360,000 and direct labor hours would be 45,000. actual factory overhead costs incurred were $377,200, and actual direct labor hours were 47,000. what is the amount of overapplied or underapplied manufacturing overhead at the end of the year?
Business
1 answer:
slamgirl [31]3 years ago
7 0

Answer:

The amount of underapplied manufacturing overhead at the end of the year is $1200.

Explanation:

Total estimated $360,000/est

direct labour hours 45000 = $8x (Actual Dl hours) 47000

                                             = $376,000

Actual Overhead worked = $377,200 - $376,000

                                           = $1200 underapplied

Therefore, The amount of underapplied manufacturing overhead at the end of the year is $1200.

You might be interested in
Mitchell Co. has $1.1 million of debt, $3 million of preferred stock, and $3.3 million of common equity. What would be its weigh
Novay_Z [31]

Answer:

0.45

Explanation:

Calculation for What would be its weight on common equity

Using this formula

Weight on common equity= Common equity/(Debt+Preferred stock+Common equity+ )

Let plug in the formula

Weight on common equity=$3.3 million /($1.1 million +$3 million +$3.3 million)

Weight on common equity=$3.3 million/$7.4 million

Weight on common equity=0.45

Therefore What would be its weight on common equity is 0.45

3 0
2 years ago
Suppose a State of Nevada bond will pay $1,000 eight years from now. If the going interest rate on these 8-year bonds is 5.5%, h
spayn [35]

Answer:

$651.60

Explanation:

the worth of the bond today can be determined by calculating the present value of the bond's cash flow

Present value is the sum of discounted cash flows

Present value = cash flow / (1 + r)^n

r = interest rate

n = years

1000 / ( 1.055)^8 = $651.60

8 0
3 years ago
Joe Jenkins, the owner of Jenkins Manufacturing, is considering whether to produce a new product. Joe will be selling the produc
Paul [167]

Answer:

Jenkins Manufacturing

Joe should produce using the new equipment.

Explanation:

a) Costs incurred using the old equipment:

Variable costs = $45,000 ($50 x 900)

Fixed costs = $40,000

Total costs = $85,000

Operating Loss = $22,000 ($63,000 - 85,000)

b) Costs incurred using the new equipment:

Variable costs = $22,500 ($25 x 900)

Fixed costs = $60,000

Total costs = $82,500

Operating Loss = $19,500 ($63,000 - 82,500)

Production using the new equipment would reduce the operating loss by $2,500.

7 0
3 years ago
When your manager, Novak, talks about a , he means a set of interrelated parts that function as a whole to achieve a common purp
andrew-mc [135]

Answer:

A System

Explanation:

Novak is referring to a system. A system is a complex union of several interrelated parts that have different specific functions, but share a common goal, and a more or less common mechanism.

Society is a system, a computer as well. Firms are systems, they have different parts: employees, stockholders and management that have specific functions but work together toward a common goal: generating revenue.

5 0
3 years ago
Which of the following is true of​ cartels?
djyliett [7]

Answer:

option c is correct

Explanation:

option c is correct

cartel member are having an advantage to withraw or cheat  from contract at any time.

cartel word is  first used in 1930 by one drug dealer in mexico. it is collective group of two or more participant  with motives to dominate in entire market and make huge profit.

4 0
3 years ago
Other questions:
  • Cullumber Corporation has these long-term investments:
    5·1 answer
  • Which of the following is an example of capital outflow for Germany?a. German company Haribo sells a production facility in Irel
    11·1 answer
  • Woody Corporation acquired 70% of Buzz Company’s voting common stock on January 1, 20X3, for $158,900. Buzz reported common stoc
    7·1 answer
  • Which one of the following is the financial statement that summerizes a firms revenue and expenses over a period of time?
    7·1 answer
  • Nevin negotiates a deal for the sale of twenty-five acres of farmland to Otis. Nevin promises to hold the offer open in return f
    8·1 answer
  • The Berwin Company established a master budget volume of 35,000 units for April. Actual overhead costs incurred amounted to $98,
    14·1 answer
  • A company had net sales of $752,000 and cost of goods sold of $543,000. Its net income was $17,530. The company's gross margin r
    7·1 answer
  • On January 1,2016, the Ruffin Corporation issued $40,000 par value, 4%, four-year bonds that mature on December 31, 2019. Ruffin
    6·1 answer
  • Determine the inventory cost using the (a) first-in, first-out (FIFO) method; (b) last-in, first-out (LIFO) method; and (c) weig
    5·1 answer
  • The high-income economies of the world contain approximately __________ of the world’s population and produce and consume ______
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!