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sertanlavr [38]
3 years ago
15

Thomlin Company forecasts that total overhead for the current year will be $13,502,000 with 157,000 total machine hours. Year to

date, the actual overhead is $8,179,100, and the actual machine hours are 91,900 hours. If Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time (year to date), the overhead is
Business
1 answer:
mars1129 [50]3 years ago
5 0

Answer:

$275,700 underapplied

Explanation:

The computation of the overhead is shown below:

But before that following calculation need to be done

Applied overhead is

= Actual machine hours × predetermined overhead rate

= 91,900 hours × ($13,502,000 ÷ 157,000)

= $7,903,400

And, the actual overhead is $8,179,100

So, the under applied overhead is

= $8,179,100 - $7,903,400

= $275,700

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Help me please.. there is no option on here for Human Resources principals, so I jus clicked business as the subject..
Digiron [165]

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3 years ago
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Select the item that can be answered by using knowledge. 1. A transaction's order date, amount sold, and quantity ordered 2. Tak
astraxan [27]

Answer: The correct answer is "2. Taking into account external reasons for the recent underperformance of a good salesperson".

Explanation: Knowledge should be applied in cases such as this, since in front of an employee who has poor performance we must take into account the external reasons that influence him and his performance, such as family problems, the death of a family member, etc.

7 0
3 years ago
Randall is single and has total income from all sources (taxable and nontaxable) of $83,000. His taxable income is $62,000. Rand
bekas [8.4K]

Answer:

effective tax rate = 13.54

Explanation:

given data

total income = $83,000

taxable income = $62,000

tax liability = $11,239

to find out

effective tax rate

solution

we get here effective tax rate that is express as

effective tax rate = \frac{total\ tax}{total\ income}    .................1

put here value and we get

effective tax rate = \frac{11239}{83000}  

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6 0
3 years ago
The before-tax income for Culver Co. for 2017 was $101,000 and $84,100 for 2018. However, the accountant noted that the followin
valentina_108 [34]

Answer:

Corrected income before tax year 2017 = $65,690  

Corrected income before tax year 2018 = $102,467

Explanation:

According to the scenario, computation of the given data are as follow:-

 

Particular                                            Year 2017 ($) Year 2018 ($)    

Income before tax                                            101,000    84,100    

Corrections      

1. In 2017, unearned sales                           -36,200      

Sales added in 2018                                                      36,200    

2. In 2017, understated ending inventory    9,500      

In 2018, overstated opening inventory                      -9,500    

3. Add-wrongly charged interest expenses    13,800            13,800    

Less-actual interest expenses      

In 2017 ($230,000-$14,000)×7%=$216,000×7% -15,120      

In 2018, bond of carrying amount

       =$216,000+($15,120-$13,800)=$217,320      

In 2018, Actual interest expense=($217,320×7%)    -15,212    

4 Add-wrongly charged depreciation expenses      

In 2017=($8,100×10%)                                           810      

In 2018,=($8,100-$810)×10%+$8,500×10% =                      1,579    

Less-actual expenses for repairs                          -8,100    -8,500    

Corrected income before tax                         65,690   102,467    

     

4 0
3 years ago
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