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QveST [7]
2 years ago
12

Required information

Business
1 answer:
Bezzdna [24]2 years ago
8 0

Answer:

Total allocated costs= $19

Explanation:

<u>First, we need to calculate the predetermined manufacturing overhead rate for each department:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Assembly= 390,000 / 390,000= $1 per machine hour

Finishing= 581,100 / 149,000= $3.9 per direct labor hour

<u>Now, we can allocate overhead:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Assembly= 1*3.4= $3.4

Finishing= 3.9*4= $15.6

Total allocated costs= $19

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Answer:

The correct answer is option C.

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Suppose there is pessimism in an economy because of corporate scandals, international tensions, loss of confidence, etc. This is going to adversely affect the economy. Because of corporate scandals, the investment will decline. Loss of confidence in consumers will cause a reduction in consumption spending. International tensions cause net exports to decline.  

All of this causes aggregate demand to decline. The aggregate demand curve moves to the left. This leftward shift causes both the quantity of output and price to fall. As output fall real GDP will decline as well.

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3 years ago
In order to make a résumé persuasive and not self-centered, omit the use of the word _____.
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D. All of the above

Omitting I, me, and my will make the resume more effective.
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3 years ago
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3 0
3 years ago
Illinois Company is attempting to develop the cost function for repair costs. The following past data are available: Machine Hou
Harlamova29_29 [7]

Answer:

$480

Explanation:

Data provided in the question:

Machine              Hours Repair Costs

2,400                       $6,385

1,200                        $3,480

2,000                       $5,285

3,400                       $8,980

Now,

                       Machine              Hours Repair Costs

Highest             3,400                       $8,980

Lowest              1,200                        $3,480

Difference        2,200                       $5,500

Unit variable cost =  $5,500 ÷ 2,200

= $2.5

Total cost at high level = $8,980

Machine hours highest level = 3,400

Also,

Total cost at high level = Fixed cost + Variable cost at highest level

or

$8,980 = Fixed cost + [ $2.5 × 3,400 ]

or

Fixed cost = $8,980 -  [ $2.5 × 3,400 ]

= $8,980 - $8,500

= $480

7 0
2 years ago
Analysis of Receivables Method At the end of the current year, Accounts Receivable has a balance of $420,000; Allowance for Doub
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Answer and Explanation:

The computation is shown below:

a. Amount of adjusting entry for uncollectible accounts

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b. Adjusted balances

For account receivable

= account receivable

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For allowance for doubtful debts

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For bad debts

= AMount of adjusting entry

= $20,400

c. Net realizable value

= Account receivable balance - estimated balance of Allowance for Doubtful Accounts

= $420,000 - $16,400

= $403,600

8 0
3 years ago
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