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
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

You might be interested in
Explain the difference between the terms supply and quantity supplied.
Elena-2011 [213]
The difference between the terms supply and quantity supplied is supply includes all the possible market prices and the amount of quantity while quantity supplied deals with one specific market price and amount of quantity.
4 0
2 years ago
Vaughn Manufacturing uses the periodic inventory system. For the current month, the beginning inventory consisted of 476 units t
MissTica

Answer:

See below

Explanation:

The computation of ending inventory is shown below;

But first we need to determine the average cost per unit.

Average cost per unit

= (476 units × $63 + 718 units × $66 + 365 units × $68) ÷ (476 units + 718 units + 365 units)

= ($29,988 + $47,388 + $24,820) ÷ (1,559 units)

= $102,196 ÷ 1,559

= $65.55

Now, the ending inventory unit

= 1,559 units - 1,195 units

= 364 units

Finally , the ending inventory

= $65.55 × 364 units

= $23,860

4 0
3 years ago
Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2019, current
AlekseyPX

Answer: $‭412,600‬

Explanation:

AFN = Increase in assets - Increase in Liabilities - Addition to Retained Earnings

Increase in Assets

= 5,000,000 *  15%

= $750,000

Increase in Liabilities

Only use Accruals and Accounts Payable

= (450,000 + 450,000) * 15%

= $135,000

Additional to Retained Earnings

= After tax Profit

= 9,200,000 * 4%

= $368,000

Addition to retained earnings = 368,000 * ( 1 - payout ratio)

= 368,000 * ( 1 - 45%)

= $202,400‬

Additional Funds Needed (AFN) = 750,000 - 135,000 - 202,400

= $‭412,600

8 0
4 years ago
BEFORE GETTING OUT OF YOUR CAR, AFTER PARKING AT A TWO-WAY STREET CURB, YOU SHOULD:
Semenov [28]

Answer:

C. Look for cars of bicycles on the traffic side of your vehicle.

Explanation:

Safety is always first, for you, and the people around you. To minimize risk of injury, you must check for oncoming cars or bikers.

7 0
3 years ago
Read 2 more answers
What are the portfolio weights for a portfolio that has 148 shares of Stock A that sell for $35 per share and 110 shares of Stoc
Svetllana [295]

Answer:

Weight A= 0.6624

Weight B= 0.3376

Explanation:

From the question above,

Stock A has 148 shares at $35

Stock B has 110 shares at $24

The first step is to calculate the total amount of value

= 148($35)+110($24)

= $5,180+$2,640

= $7,820

Therefore the weight of each stock can be calculated as follows

Weight A= 148($35)/$7,820

= $5,180/$7,820

= 0.6624

Weight B= 110($24)/$7,820

= $2,640/$7,820

= 0.3376

Hence the portfolio weights are 0.6624 and 0.3376 respectively.

6 0
3 years ago
Other questions:
  • Interest rates rise faster in Scotland (GBP) than they do in the United States (USD). Which nation’s currency appreciates? Which
    10·1 answer
  • Vincent has just launched an online retail platform for his clothing store. With this website, he plans to take his business acr
    11·1 answer
  • Suppose the only three existing manufacturers of video game players signed a written contract by which each agreed to charge the
    15·1 answer
  • ecord adjusting journal entries for each of the following for year ended December 31. Assume no other adjusting entries are made
    8·1 answer
  • How does rising wages cause inflation?
    13·1 answer
  • Products whose demand levels connected to other products are called?
    14·1 answer
  • When moving down along a straight-line demand curve:
    8·1 answer
  • The ACME company manufactured x brooms per month from January to April, inclusive. On the first of each month, during the follow
    5·1 answer
  • The balance in the Finished Goods inventory account at the beginning of the month was $79,000 and at the end of the month was $7
    13·1 answer
  • g Required information Skip to question [The following information applies to the questions displayed below.] The following even
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!