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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

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Explanation:

7 0
3 years ago
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The monetary base is equal to
ss7ja [257]

Answer:

The correct answer is option A.

Explanation:

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6 0
3 years ago
The following information is available for Felix Company: Net income $300 Decrease in plant and equip. $40 Depreciation expense
zmey [24]

Answer:

$240

Explanation:

The computation of cash flow from operating activities of Felix company is seen below;

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= $300 - $40 + $20 - $5 + $35

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Therefore, cash flow from operating income of Felix company is $240

7 0
2 years ago
Where can tourist obtain travel vaccinations​
baherus [9]
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5 0
2 years ago
Clara and Sandra collaborate to open a cafe. They come to an arrangement wherein Sandra manages the cafe from Monday to Wednesda
Shalnov [3]

Answer:

general partnership

Explanation:

General partnership -

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3 0
3 years ago
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