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Anarel [89]
3 years ago
10

Stephani Corporation has provided data concerning the Corporation's Manufacturing Overhead account for the month of May. Prior t

o the closing of the overapplied or underapplied balance to Cost of Goods Sold, the total of the debits to the Manufacturing Overhead account was $53,000 and the total of the credits to the account was $69,000. Which of the following statements is true?
a. Manufacturing overhead transferred from Finished Goods to Cost of Goods Sold during the month was $75,000.
b. Actual manufacturing overhead incurred during the month was $56,000.
c. Manufacturing overhead applied to Work in Process for the month was $75,000.
d. Manufacturing overhead for the month was underapplied by $19,000.
Business
1 answer:
VashaNatasha [74]3 years ago
7 0

Answer:

the manufacturing overhead for the month should be overapplied by $16,000

Explanation:

Given that

The debit to the manufacturing overhead is $53,000

And, the credit balance is $69,000

So, it should be overapplied by the

= $53,000 - $69,000

= $16,000

Therefore the manufacturing overhead for the month should be overapplied by $16,000

This is the answer but the same is not provided in the given options

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Which group of words be describes wants?
kirill [66]

Answer:

Explanation:

I'm describing the word: wants

Some regular equivalent words of need are pine for, ache for, want, and wish. While every one of these words signify "to have an aching for," need explicitly proposes a felt need or need. Also, " desire, crave, covet."

3 0
3 years ago
On January 1, Pharoah Company had 87000 shares of $10 par value common stock outstanding. On May 7, the company declared a 5% st
svet-max [94.6K]

Answer: credit to Common Stock Dividends Distributable for $43500

Explanation:

Based on the information given in the question, the entry to record the transaction of May 24 goes thus:

Debit Stock Dividend = 87000 × 5% × $16 = $69600

Credit To Common Stock Dividend Distributable = 87000 × 5% × $10 = $43500

Credit To Paid in capital in excess of Par - Common Stock = $69600 - $43500 = $26100

3 0
3 years ago
First City Bank pays 9 percent simple interest on its savings account balances, whereas Second City Bank pays 9 percent interest
4vir4ik [10]

Answer:

Future value is $14,944.22

Interest earned is $7444.22

Explanation:

The amount to earn from Second City Bank is the interest that would have been received at the end of the eight years,

In order to determine the amount of interest,it would be nice to first of all compute the future value-the worth of the savings at the end of eight year using the below formula:

FV=PV*(1+r)^N

PV is the $7,500 invested

r is the compound rate of return is 9%

N is the number of years the amount was invested which is eight years

FV=$7,500*(1+9%)^8

FV=$ 14,944.22  

Hence Interest =FV-PV

                         =$ 14,944.22 -$7,500

                         =$7444.22

7 0
3 years ago
Consider a world in which there is no currency and depository institutions issue only transactions deposits and desire to hold n
nataly862011 [7]

Consider a world in which there is no currency and depository institutions issue only transactions deposits and desire to hold no excess reserves. The required reserve ratio is 15 percent. The central bank sells ​$0.98 billion in government securities.

What happens to the money supply?

Give reasons to support your answer.

Answer:

The answer is below

Explanation:

Considering the situation described above, the result is that there will be a DECREASE in the money supply of $6.53 billion.

This is because the money multiplier is calculated as 1/rr, where RR is the reserve ratio.

Hence, in this case, we have 1/0.15 = 6.67

Therefore, 6.67 × $0.98 billion = $6.53 billion.

8 0
3 years ago
How to pass a successful business message​
taurus [48]

Answer:

Here are a few steps you could do!

Explanation:

Don't overcommunicate by email.

Make good use of subject lines.

Keep messages clear and brief.

Be polite.

Check your tone.

Proofread.

Following these will make your email clear and effective

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