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Salsk061 [2.6K]
3 years ago
7

The T-account showing the manufacturing overhead activity for Alfred Corp. for 2020 shows a debit of $195,000 and a credit of $2

03,000. When answering the three questions below, enter your answer using only numeric amounts (unless otherwise directed), rounded to the nearest dollar (no dollar signs and no commas). What is the actual manufacturing overhead
Business
1 answer:
umka21 [38]3 years ago
6 0

Answer: $195000

Explanation:

The actual manufacturing overhead refers to the true costs which are incurred during production and this include factory supplies used, indirect materials, insurance, depreciation, factory taxes, etc.

Here, the debit of $195,000 is the actual manufacturing overhead while the credit of $203000 is the allocated manufacturing overhead.

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A(n) ________ cost is a cost whose total amount changes in direct proportion to a change in volume.
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A C. variable cost <span>cost is a cost whose total amount changes in direct proportion to a change in volume.
If something varies, it means that it changes - and in this case, the cost changes with regards to a change in volume. This means that the cost isn't constant, but rather fluctuates based on other changes too.</span>
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4 years ago
Some economists believe that permanently lower marginal income tax rates __________ the incentive to work and thus shift the ___
gtnhenbr [62]

Answer:

The answer is "increase; LRAS curve to the right".

Explanation:

The curve LRAS represents the flow between all the level of wages and economic GDP supplied because all prices are fully flexible, also with nominal salaries; its cost may change all along LRAS, however, the output cannot, as it represents the complete output of workers, that's why the several economists say that lower marginal rate consistently increases the motivation to work, shifting the LRAS curve to the left.

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3 years ago
Suppose that JPMorgan Chase sells call options on $1.35 million worth of a stock portfolio with beta = 1.70. The option delta is
OlgaM077 [116]

Answer:

Particulars                         Amount                                      Explanation

Call options                        1350000  

Beta of stock                            1.7  

Delta                                      0.7  

Market change                       1%                    Implied stock change is 1.7

Stock changes by 1.7                1.19                     Implied exposure on call

                                                                                options on stock  ( ie 1.7*0.7)

Amount of exposure          1606500               Derived by multiplying

                                                                                      1.19*1,350,000

Hence market index portfolio worth $1,606,500 should be bought , however the market index portfolio trade in multiples of 1000 hence $1,607,000 worth should be obtained to hedge the exposure

Explanation:

8 0
3 years ago
Verbal/linguistic learners prefer learning activities that involve reading, writing, and speaking.
monitta

Answer:

I would assume it is true

Explanation:

3 0
3 years ago
Read 2 more answers
A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 worth of merchandise. On
8_murik_8 [283]

Answer:

Debit : Account Payable $1,600

Credit : Discount Received $32

Credit : Cash $1,568

Explanation:

The correct journal entry to record the payment on July 28 includes a Debit to Accounts Payable and Credit to Discount and Cash. Cash should be after returns and discount received.

8 0
3 years ago
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