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I am Lyosha [343]
3 years ago
8

Faughn Corporation has provided the following data concerning manufacturing overhead for July:

Business
1 answer:
creativ13 [48]3 years ago
6 0

Answer: D. Manufacturing overhead was underapplied by $10,000; Cost of Goods Sold after closing out the Manufacturing Overhead account is $253,000

Explanation:

The Manufacturing overhead applied is less than the actual manufacturing overhead incurred by:

= 79,000 - 69,000

= $10,000

Manufacturing overhead is therefore underapplied as the amount applied is too low to cover the amount incurred.

The Cost of Goods sold after closing out is:

= Cost of goods sold before closing out + Underapplied manufacturing overhead

= 243,000 + 10,000

= $253,000

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The theory that higher-income taxpayers should be taxed less because their savings and investments stimulate the economy is know
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Answer:

The correct answer is: supply side economics.

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A realtor is trying to predict the value of a home. He has quantitative data available and has evidence that the home price has
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Answer:

a. linear regression.

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2 years ago
Kingbird, Inc. has the following information available for accruals for the year ended December 31, 2019. The company adjusts it
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Answer:

a-Dec-31. Dr Utility expense   485

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b-Jan-11.  Dr Utility bills payable  485

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c-Dec-31. Dr Salary expense  3990

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e-Dec-31 Dr Interest expense  215

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