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When overapplied / underapplied overhead is prorated, the basis for proration is:?

spin [16.1K]

Proration occurs because it is impossible to accurately estimate the future overhead costs and production activity; it is either the overhead is over applied or under applied. The variance will have to be adjusted for at the end of the financial year.

7 0

4 years ago

A regression line is the line that best fits the data, but this does not mean that the fit is good. In other words, there can st

horsena [70]

Answer:

Larger-sq and small Se.

Explanation:

Regression line is a line that clearly describes the behavior of a given set of data.

Regression lines are very essential for forecasting processes. The importance of the line is to describe the interrelation of a dependent variable (Y variable) with one or many independent variables (X variable).

An analyst can forecast future behaviors of the dependent variable by making use of the equation gotten the regression line. This is done by inputting different values for the independent ones. Regression lines are frequently employed in the financial sector.

Financial analysts make use of linear regressions to forecast stock prices, commodity prices and also to carry out valuations for many different securities. Companies use regressions for the purpose of forecasting sales, inventories and a lot of other variables that are needed for strategy and planning. The regression line formula is represented below:

(Y = a + bX + u)

6 0

3 years ago

The economic doctrine that opposes government interference in economic activities is called ___________.

Bezzdna [24]

The economic doctrine that opposes government interference in economic activities is called laissez-faire.

3 0

4 years ago

Read 2 more answers

Ralph is leasing a $32,000 car for 36 months. The terms of his lease include an 8. 5% interest rate (money factor of 0. 00354) a

Ainat [17]

The correct statement will be that the monthly lease payments that Ralph will have to make to lease such a car will be $362.17. So, the correct option that matches the statement is not quoted above.

The calculation of monthly lease payment can be done by deduction of residual value and dividing such value by number of months.

<h3>Calculation of monthly lease payments</h3>

The residual value can be calculated by using the formula by applying the given information,

$\rm Residual\ Value= Original\ Value\ x\ \% of Residual\ Value\\\\\rm Residual\ Value=32000\ x\ 72\%\\\\\rm Residual\ Value=\$23040$

So, depreciation of the car after three years will be $8960.

Interest payment per month will be calculated as,

$\rm Monthly\ Interest= Car\ Value\ x\ Money\ factor\\\\\rm Monthly\ Interest=32000\ x\ 0.00354\\\\\rm Monthly\ Interest=113.28$

And the payment towards actual lease would be,

$\rm Actual\ Payment= \dfrac{Depreciation}{no.\ of\ Months}\\\\\rm Actual\ Payment= \dfrac{8960}{36}\\\\\rm Actual\ Payment= \$248.89$

So, total monthly payment towards leasing such car will be,

$\rm Total\ Payment= Actual\ Payment+ Interest\ Payment\\\\\rm Total\ Payment=248.89+113.28\\\\\rm Total\ Payment=\$362.17$

Hence, the correct statement is that the monthly payment towards the lease of car by Ralph will be $362.17 and none of the options given is correct.

Learn more about <u>Monthly Lease </u>here:

brainly.com/question/1856464

7 0

2 years ago

The bad feelings associated with disappointing news can generally be reduced if the receiver knows the reasons for the rejection

Pavel [41]

Answer:

T

Explanation:

3 0

4 years ago