Question
The question is incomplete, hence the tutor added a piece of information
The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $14 per machine-hour. What amount would be
Assuming the actual machine hours worked is 3,500
<em>Note the actual machine was added by the tutor</em>
Answer:
Applied overhead =$49,000
Explanation:
<em>Overheads are charged to units produced by the means of an estimated overhead absorption rate. This rate is computed using budgeted overhead and budgeted activity level. </em>
<em>Pre-determined overhead absorption rate (POAR) = Budgeted overhead/Budgeted machine hours</em>
The POAR is given as $14 per machine hour
Applied (absorbed) overhead = POAR × Actual machine hours
Applied overhead = $14 × 3,500 =$49000
Applied overhead =$49,000
Answer:
The correct answer is D that is Marketing Mix
Explanation:
Marketing Mix is the term which is stated as the set of tools, actions or the tactics, which a business, firm or company uses in order to promote the product in the market.
It is used in order to inform or provide the knowledge to the buyers or the prospective clients regarding the product uses, features as well as benefits.
Answer:
34,000 units
Explanation:
Given that,
Budgeted sales = 32,000 units
Ending inventory required = 6,000 units
Beginning inventory = 4,000 units
Hence,
Number of units = Budgeted sales + Ending inventory - Beginning inventory
Number of units = 32,000 units + 6,000 units - 4,000 units
Number of units = 34,000 units
Therefore, 34,000 units must be produced to also meet the 6,000 units required in ending inventory.
Answer:
1. $173,500
2. $ 71,000
Explanation:
Requirement 1: Solution
We can calculate the fair value of new parcel of land just by adding the current market price with additional cash paid to complete the transaction
Fair Value = Current market price + cash paid additionally
Fair Value = $150,000+$23,500
Fair value = $173,500
Requirement 2: Solution
We need to calculate Gain/loss on exchange first in order to record them on books. This can be done by just subtracting the land's book value from the current market price of land
Gain/loss on exchange = Current market price - book value
Gain/loss on exchange = $150,000 - $79,000
Gain/loss on exchange = $71,000
Entries: Debit Credit
New land $173,500
Old land $79000
Cash $23,500
Gain $71,000
The option included in the M2 definition of money supply and not in the M1 definition is money market mutual fund shares.
<h3>What is M2?</h3>
M2 definition of money supply that includes cash, checking deposits, and near money. M2 is a broader measure of the money supply when compared with M1. It also less liquid than M1. M1 includes includes cash and checking deposits.
Here are the options:
a. Checkable deposits.
b. Currency held in banks.
c. Currency in circulation.
d. Money market mutual fund shares.
To learn more about M2, please check: brainly.com/question/13784664
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