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ale4655 [162]
3 years ago
6

Need help on financial reporting mid term exam!

Business
1 answer:
Troyanec [42]3 years ago
5 0
Where’s the question
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1 year ago
Acton Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its m
loris [4]

Answer:

The overhead for the year was $130,075

Explanation:

GIVEN INFORMATION -

                                                    ESTIMATED                              ACTUAL

Manufacturing overhead            $132,440                                   $128,600

Machine hours                             2800                                           2750

Here for calculating the overhead for the year we will use the following formula =      

\frac{Estimated Manufacturing Overhead}{Estiamted Machine Hours}\times Actual Machine Hours

= \frac{\$132,440}{2800}\times 2750

\$47.3\times 2750 = \$130,075

Therefore the overhead for the year was $130,075

                                   

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3 years ago
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Any establishment formed to carry on commercial enterprises is a
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3 years ago
Cash flow to stockholders must be positive when: both the cash flow to assets and the cash flow to creditors are positive. the n
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Answer:

The dividends paid exceeded the net new equity raised.

Explanation:

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3 years ago
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