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Lesechka [4]
3 years ago
13

Select the correct statement below regarding Manufacturing Overhead: Multiple Choice Manufacturing overhead is always an estimat

ed cost. Manufacturing overhead is a clearing account and is neither shown on the balance sheet or income statement in published financial statements. Manufacturing overhead is an inventory account that is shown on the balance sheet. Manufacturing overhead is an expense account for all factory costs that are neither direct materials or direct labor.
Business
1 answer:
Ratling [72]3 years ago
6 0

Answer:

D) Expense account for all factory costs, except direct material or labour

Explanation:

Manufacturing Overhead refers to indirect costs, incurred during the process of production. This is charged as cost - to the units produced, during a reporting period. Example : Depreciation of asset, cost of asset is spread to all the useful years (& corresponding period output)

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Kelly and David are both capable of repairing cars and cooking meals. Which of the following scenarios is not possible? a. Kelly
Free_Kalibri [48]

Answer:

c.

Explanation:

Based on the scenario being described within the question it can be said that the statement that is not possible would be Kelly having a comparative advantage in repairing cars and in cooking meals. This is because a when having a comparative advantage you are better at something but at the same time you are giving up other opportunity costs. Therefore in this scenario Kelly can only have a comparative advantage at either repairing cars or cooking meals but not both.

3 0
3 years ago
Kimble Company applies overhead on the basis of machine hours. Given the following data, compute overhead applied and the under-
likoan [24]

Answer:

overhead rate $4 per machien hour

applied overhead 1,560,000

The overhead was underapplied for 15,000

entry to adjust against COGS

Cost of Goods of sold   15,000 debit

            Factory overhead      15,000 credit

Explanation:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

we divide the expected overhead over the total amount of budgeted machine hours to determinate the overhead rate:

1,600,000 / 400,000 =  $4 per machine hours

Actual machine hours 390,0000

applied overhead:

actual cost driver x  rate per driver

390,000 x $4 = 1,560.000‬ applied overhead

Actual overhead 1,575,000

As aplies is lower, we should adjust for 15,000 difference

5 0
3 years ago
Theresa works in a manufacturing plant where many of the male employees put up photographs of bikini-clad women in their work ar
MatroZZZ [7]

Answer: A hostile work environment.

Explanation:

Theresa's work place is a good example of a hostile work environment, as the workers and management of her company are not sensitive to female workers challenges. A hostile work environment is a work environment that makes it hard for an employee to carry out their job task.

5 0
3 years ago
Read 2 more answers
The James River Co. pays an annual dividend of $1.50 per share on its common stock. This dividend amount has been constant for t
Svet_ta [14]
I think the answer is B.
Hope this help
7 0
3 years ago
McCarthy Company has inventory... McCarthy Company has inventory of 8 units at a cost of $200 each on October 1. On October 2, i
KatRina [158]

Answer:

Ending inventory= $3,485

Explanation:

Giving the following information:

Beginning inventory= 8 units for $200 each

On October 2= purchased 20 units at $205 each.

11 units are sold on October 4.

u<u>nder the FIFO (first-in, first-out) inventory method, the ending inventory is calculated using the cost of the last units incorporated into inventory.</u>

Ending inventory= 17*205= $3,485

6 0
3 years ago
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