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Ivahew [28]
3 years ago
9

Krier Corporation uses a predetermined overhead rate that was based on estimated manufacturing overhead of $738,000 and 30,000 d

irect labor-hours for the period. The company incurred actual manufacturing overhead of $792,000 and 31,500 total direct labor-hours during the period. the manufacturing overhead for the period was
Business
1 answer:
son4ous [18]3 years ago
7 0

Answer:

$17,100 underapplied

Explanation:

The computation of the manufacturing overhead is shown below:

Predetermined overhead rate is

= Estimated manufacturing overhead ÷ Estimated direct labor hours    

= $738,000 ÷ 30000

= $24.6 per direct labor hour      

now

Manufacturing overhead applied is

= Actual direct labor hours  × Predetermined overhead rate

= 31500 × 24.6

= $774,900  

Now  

Underapplied manufacturing overhead is

= $792,000 - $774,900

= $17,100 underapplied

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When it comes to the financial level, a replicating portfolio as the name implies, is a repetition of specific flows of a given asset, so it must be constituted with the same resources. In this case, the same amount of cash would be needed to create the replica.

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When most cars sold in the United States were produced by the Big Three auto companies, General Motors would announce its prices
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3 years ago
Sylvestor Systems borrows $107,000 cash on May 15 by signing a 60-day, 6%, $107,000 note.
sladkih [1.3K]

Answer:

14th July

Explanation:

The computation of the maturing date of the note is calculated below:

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So, the maturity date would be

= 16 days in May month + 30 days in June month 14 days in July month

Therefore, the note is matured on 14th July

We simply calculated the 60 days from May to July months

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3 years ago
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3 years ago
Assume that a bank receives a cash deposit of $9,000 from a customer. What is the immediate impact of this transaction on the mo
mariarad [96]

Answer:

the money multiplier = 1 / reserve ratio

in this case, the reserve ratio is 10% (required) + 10% (voluntary) = 20%, so the money multiplier = 1/20% = 5

What is the immediate impact of this transaction on the money supply?

  • None, since the money supply doesn't change. When a customer deposits money in a bank, the money does not increase, only its composition changes.

The maximum amount by which this bank will increase its loans from the transaction in part (a)

  • the bank will be able to loan ⇒ total deposit x (1 - reserve ratio) = $9,000 x (1 - 20%) = $7,200

The maximum increase in the money supply that will be generated from the transaction in part

  • since the banks started to "create" money by lending the money, the money supply will increase by ⇒ total deposit x (money multiplier - 1) = $9,000 x 4 = $36,000

Assume that the government increases spending by $9,000, which is financed by a sale of bonds to the central bank. Indicate what will happen to the money supply.

  • The money supply will increase.

Explain what will happen to the money demand.

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6 0
3 years ago
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