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Gnesinka [82]
3 years ago
7

Craig Company uses a predetermined overhead rate to assign overhead to jobs. Because Craig's production is machine intensive, ov

erhead is applied on the basis of machine hours. The expected overhead for the year was $5,702,400, and the practical level of activity is 396,000 machine hours. During the year, Craig used 404,000 machine hours and incurred actual overhead costs of $5,739,600. Craig also had the following balances of applied overhead in its accounts: Work-in-process inventory $ 550,560 Finished goods inventory 609,760 Cost of goods sold 1,799,680 Required: 1. Compute a predetermined overhead rate for Craig. Round your answer to the nearest cent. $ 14.4 per machine hour 2. Compute the overhead variance, and label it as under- or overapplied.
Business
1 answer:
melisa1 [442]3 years ago
4 0

Answer:

1. $14.4 per machine hour

2. $78,000 over-applied

Explanation:

The computation is shown below:

1. Predetermined overhead rate = (Expected overhead for the year) ÷ (practical level of activity)

= $5,702,400  ÷ 396,000 machine hours

= $14.4

b. The overhead variance is

For computing the overhead variance, first we have to determine the applied overhead that is given below

= Actual machine hours × predetermined overhead rate

= 404,000 machine hours × $14.4

= $5,817,600

So, the overhead variance equals to

= Actual manufacturing overhead - actual overhead

= $5,739,600 - $5,817,600

= $78,000 over-applied

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​ Anna works for Federal Motors Corporation in the Human Factors Division. Her job is to identify ways in which engineers can de
Alborosie

Answer:

Industrial-organizational psychologist

Explanation:

According to my research on the different types of psychologists, I can say that based on the information provided within the question Anna is most likely  an Industrial-organizational psychologist. This type of psychologist study workplace productivity and management in order to solve problems in the workplace and improve the quality of life. Which is what Anna is doing in this situation.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0
3 years ago
Suppose that you have the following information for an economy:______.
galina1969 [7]

Answer:

Part 1. When real GDP is equal to $4,500, aggregate expenditure is equal to <u>$4,600</u>.

Part 2. When real GDP is equal to $5,000, aggregate expenditure is equal to <u>$5,000</u>.

Part 3. When real GDP is equal to $5,500, aggregate expenditure is equal to <u>$5,400</u>.

Explanation:

The aggregate expenditure (AE) can be calculated using the following formula:

AE = (A + (MPC * Y)) + PI + G + NX  ………………. (1)

Where;

AE = aggregate expenditure = ?

A = Autonomous consumption = $500

MPC = Marginal propensity to consume = 0.80

Y = Real GDP

PI = Planned investment = $600

G = Government spending = $300

NX = Net exports = -$400

Based on the above, we can now proceed as follows:

Part 1. When real GDP is equal to $4,500, aggregate expenditure is equal to $ _____.

This implies that:

Y = Real GDP = $4,500

Substituting this and other values given above into equation (1), we have:

AE = ($500 + (0.80 * $4,500)) + $600 + $300 - $400 = $4,600

Therefore, when real GDP is equal to $4,500, aggregate expenditure is equal to <u>$4,600</u>.

Part 2. When real GDP is equal to $5,000, aggregate expenditure is equal to $ _____.

This implies that:

Y = Real GDP = $5,000

Substituting this and other values given above into equation (1), we have:

AE = ($500 + (0.80 * $5,000)) + $600 + $300 - $400 = $5,000

Therefore, when real GDP is equal to $5,000, aggregate expenditure is equal to <u>$5,000</u>.

Part 3. When real GDP is equal to $5,500, aggregate expenditure is equal to $ _____.

This implies that:

Y = Real GDP = $5,500

Substituting this and other values given above into equation (1), we have:

AE = ($500 + (0.80 * $5,500)) + $600 + $300 - $400 = $5,400

Therefore, when real GDP is equal to $5,500, aggregate expenditure is equal to <u>$5,400</u>.

6 0
3 years ago
Leaf] Leaf, an employee of the California Department of Forestry, insisted on signing inter-office memoranda with his name and t
dusya [7]

Answer: If it has a secular legal purpose, has a primary effect of neither advancing nor inhibiting religion, and does not foster an excessive government entanglement with religion

Explanation:

The Establishment clause prevent the Congress from having a state religion or honig preference to one religion above another one.

The circumstances that a state law would be permissible under the establishment clause include if it has a secular legal purpose, has a primary effect of neither advancing nor inhibiting religion, and does not foster an excessive government entanglement with religion.

5 0
2 years ago
A new machine requires an investment of $630,000 and will generate $100,000 in cash inflows for 7 years, at which time the salva
Orlov [11]

Answer:

$-76,447.56

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.  

NPV can be calculated using a financial calculator  

Cash flow in Y0 = -630,000

Cash flow in Y1 - Y6 = 100,000

Cash flow in Y7 = 100,000 + 130,000

I = 10%

npv = $-76,447.56

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

4 0
2 years ago
Fresh Veggies, Inc. (FVI), purchases land and a warehouse for $540,000. In addition to the purchase price, FVI makes the followi
Dafna1 [17]

Answer:

The amount FVI should record is $ 617,200

Explanation:

The amount FVI should record as the cost of the land includes the initial purchase price ,broker's commission,title insurance ,miscellaneous closing costs as well as the cost of dismantling the old warehouse since all of these costs were incurred to bring the asset acquired to its present condition and location.

land purchase price                  $540,000

broker's commission                $34,000

title insurance                           $2,400

miscellaneous closing costs    $6,800

Cost of demolition                    $34,000

total costs                                 $617,200

7 0
3 years ago
Read 2 more answers
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