Answer:
10,700 overapplied
Explanation:
we are asked for overhead so any data that don't help with that is irrelevant
The applied MOH is done by this rate:
MOH = 150% Labor
So we need to calculate the direct labor:
Payroll - indirect labor = direct labor
158,000 - 21,000 = 137,000
Now we calculate the applied MOH
Applied MOH 137,000 * 150% = 205,500
Now we compare the Applied overhead with the actual overhead.
205,500-194,800=10,700
<em>because</em> <em>applied is greater than actual the MHO is overapplied</em>
Answer:
D) A country with a comparative advantage can produce a product at a lower opportunity cost, even if another country has an absolute advantage in the production of all goods.
Explanation:
Comparative advantage is when a country produces a product at a lower opportunity cost when compared with a country.
An absolute advantage is when a country produces greater quantities of a product when compared with another country.
I hope my answer helps you
Answer:
True
Explanation:
Some owners of a regular partnership (limited liability partnership) or a corporation (S-corporation) enjoy limited liability, unlike the owners of proprietorships, whose business liabilities and solvency are backed with the personal assets of the owners. The owners of a C-corporation enjoy full limited liability unless the corporate veil is lifted by the court, depending on prevailing circumstances. With limited liability also comes limited participation in the management of the entity.
Answer:
Explanation:
The owner does not use ID scanners to limit access to expensive merchandise. Instead, the owner argues they hire honest employees.
weakness <em>does not use ID scanners (surely they must hire honest employees and also use appropriate tools)</em>
An employee cannot approve their own request for purchases of inventory.
strength <em>cannot approve their own request (the hierarchically above should approve)</em>
Several salesclerks share the same cash drawer.
weakness <em>share the same cash drawer (this must be prohibited)</em>
Employees that handle easily transferable assets such as cash are bonded.
weakness <em> </em><em>transferable assets such as cash are bonded (the employee should not be responsible for)</em>
The company devotes resources towards keeping accurate accounting records for machinery.
strength <em>resources</em> <em>keeping accurate accounting records for machinery.</em>
<em>(Certainly company should </em> <em>accurate accounting records ever</em>
Answer:
FIXED PRICE CONTRACT
Explanation:
The type of contract that is most suitable if the type of work is predictable and the requirements are well-defined and not likely to change is FIXED PRICE CONTRACT because it looks as if the vendor is asking for a cost-plus-fixed-fee contract. However, by asking for a fixed $12,500, the vendor is actually asking for a FIXED PRICE CONTRACT. The cost and fee are just the components the vendor has estimated to come up with a final price.