1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
shusha [124]
3 years ago
5

Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams est

imated total overhead of $385,900; materials of $417,000 and direct labor of $227,000. During the year Adams incurred $408,900 in materials costs, $403,400 in overhead costs and $231,000 in direct labor costs. Compute the amount of under- or overapplied overhead for the year.
Business
1 answer:
exis [7]3 years ago
4 0

Answer:

$364,980

Explanation:

Computation for the amount of under- or overapplied overhead for the year.

First step is to calculate the

Predetermined Overhead using this formula

Predetermined Overhead rate = Estimated overhead/direct labor estimated

Let plug in the formula

Predetermined Overhead rate= 358,900/227,000

Predetermined Overhead rate= 158% of direct labor cost

Now let determine the Overhead applied

Overhead applied = $231,000*158%

Overhead applied= $364,980

Therefore the amount of under- or overapplied overhead for the year is $364,980

You might be interested in
A toy manufacturer conducted a survey to estimate the market demand for its specialized wood-based toys in a foreign country. Fo
Troyanec [42]

Answer:

B

Explanation:

7 0
4 years ago
Sacha, a dentist, has significant investment assets. She holds corporate bonds, municipal bonds, stocks and mutual funds. Sacha
erik [133]

Answer:

C) Part of the $1,500 fee will be disallowed due to the holding of the municipal bonds

Explanation:

the investment-related expenses are deductible as the miscellaneous itemized deductions. in the case the tax-exemp securities are help, the proportionate investment-related expenses are allocated to these securities and the are not allowed since the income is tax-exempt.

4 0
3 years ago
The average compound return earned per year over a multi-year period is called the _____ average return.
Alik [6]
<span>The average compound return earned per year over a multi-year period is called the geometric average return.

The geometric average return allows those who want an average compound return over many years to see their return.  The arithmetic average return allows those who aren't taking an average compound return but just an average earned to see their return estimate. </span>
7 0
3 years ago
In the context of globalization and ethical obligations of mncs, the offshoring of highly technical jobs can also result in the
Flauer [41]

In the context of globalization and ethical obligations of mncs, the offshoring of highly technical jobs can also result in the relocation of some domestic management positions, creating an interesting dynamic in the scope of ethics and corporate responsibility.

<h3>What is globalization?</h3>

The term "globalization" is used to explain how trade and technology have increased connectivity and interdependence around the world. The scope of globalization also includes the resulting changes in the economy and society.

Therefore, in the context of globalization and ethical obligations of mncs, the offshoring of highly technical jobs can also result in the relocation of some domestic management positions, creating an interesting dynamic in the scope of ethics and corporate responsibility.

Learn more about globalization on:

brainly.com/question/1133228

#SPJ1

5 0
1 year ago
How would your life be different if the us economu was not based on the economic principles expressed in the bill of rights, the
olga_2 [115]

The economy of the United States is in many ways influenced by the principles that are found in the Bill of Rights, the Declaration of Independence and the Constitution. If this was not the case, many aspects of daily life would be different.

For example, the economy of the country rests on the idea that all people are equal. Because of this, all people are allowed to participate in the economy, establishing businesses and buying and selling things. This is an idea that is found in the Declaration of Independence. Another idea found in this document is that people have the right to the pursuit of happiness. Because of this, people are allowed to chase their dreams and to try to obtain money to fund these. Finally, the Constitution establishes that government has limits, and because of this, it cannot interfere in the economy or in markets in any way it wants. All of these characteristics ensure that the economy functions in a way that allows you and others to benefit from it and use it to build your future.

4 0
3 years ago
Other questions:
  • Choose the career option that requires the most education.
    7·2 answers
  • What is the typical relationship between time and interest rate
    11·2 answers
  • Overuse of intensifiers sounds unprofessional. Which one of the following sentences best controls exuberance? The team was thoro
    7·1 answer
  • Assuming that the physical output (i.e., the actual quantity of all final goods and services) of all final goods and services re
    12·1 answer
  • Which of the following statements is CORRECT?
    10·1 answer
  • If 15,000 fans bought tickets totaling $450,000, what was the average price per ticket?
    10·1 answer
  • When the existing spot rate exceeds the exercise price, a call option is ____, and a put option is ____. Group of answer choices
    15·1 answer
  • Tiffany, who is married to Saul, takes out a $1,000,000 life insurance policy on Saul's life in 2008. Two years later they get d
    7·1 answer
  • Oriole Company incurs these expenditures in purchasing a truck: cash price $26,070, accident insurance (during use) $1,910, sale
    13·1 answer
  • if you have a dental emergency and your dentist pulls your severely infected tooth without prior negotiation about payment, or e
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!