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marin [14]
3 years ago
5

In the Excel, or spreadsheet, approach to recording financial transactions, if manufacturing overhead is underapplied by X dolla

rs, the Manufacturing Overhead account is closed out by deducting X dollars in the Manufacturing Overhead column and deducting X dollars in the Retained Earnings column.
a. True
b. False
Business
1 answer:
Tatiana [17]3 years ago
5 0

Answer:

False.

Explanation:

To close the underapplied Manufacturing Overhead account requires that the Cost of Goods Sold is debited, say with $100 while the Manufacturing Overhead account is credited with the same amount.  Underapplied Manufacturing Overhead account means that a debit balance is left after applying the overhead to production.  To close this debit, therefore, a credit entry is required to the manufacturing overhead account.  The corresponding debit entry goes to the Cost of Goods Sold, or this may be apportioned among Cost of Goods Sold, Finished Goods Inventory, and Work-in-Process, as may be the case.

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1. The giving up of one benefit or advantage in order to gain another regarded as more favorable.
Serjik [45]

Answer:

1. Trade off

2. Opportunity cost

3. Cost-benefit analysis

4. Diminishing marginal utility

Explanation:

1. Giving up one benefit or advantage to gain another regarded as more favorable is called trade-off. Every economic decision involves some trade-off.

2. Opportunity cost is the second-best alternative or value of the alternative, that must be given up when making a choice. Because of scarce resources with alternative uses allocation of resources involves some opportunity cost.

3. Cost-benefit analysis can be defined as the process of examining the benefits and costs of each available alternative in arriving at a decision. Resources are allocated efficiently if the cost incurred and benefit earned is equal.

4. As we go on increasing the quantity consumed of a product, the marginal utility or satisfaction earned from its consumption goes on decreasing. This is called diminishing marginal utility.

7 0
3 years ago
Cost of goods manufactured during the year is $240,000, and work in process inventory on December 31 is $50,000. Work in process
Zinaida [17]

Answer:

$165,000

Explanation:

The first step is to calculate the work in process inventory

= 50,000/40/100

= 50,000/0.4

= 125,000

Therefore the total manufacturing cost can be calculated as follows

= 240,000-125,000+50,000

= 115,000+50,000

= 165,000

Hence the total manufacturing costs is $165,000

8 0
3 years ago
Fiedler's contingency theory of leadership suggests that leaders should be placed in leadership situations that best fit with th
rodikova [14]

Answer:

Explanation:

Suppose, you are a team leader & perhaps your opinion is huge and respected by your workers. Then;

Opinion is better-suited for relationship-motivated leadership

However, let say you're promoted from your post to another position to lead a team, it is possible that your followers will get bitter due to the fact that you're being promoted. In this case;

Confident is better-suited for  relationship-motivated leadership

Similarly, a scenario where we can have a task motivated leadership is as follows:

Let assume that, your workers are working on a project and you're not present there as a team leader.

Then, Achieve is better suited for task-motivated leadership

8 0
2 years ago
True/False<br> The Marketing Cloud Connect API user is typically a shared user.
irina [24]

Answer:

The answer is True

Explanation:

Marketing cloud connected to an API is typically a process that makes pushing of marketing data to other department in sales easy.

Before we continue, let us define some terms:

API simply stand for Application Programming Interface

Marketing Cloud is a system that allows for the integration of digital marketing tools into a system such as google analytics, for the purpose of motoring client or customer interaction with a particular product or system.

Cloud: This is the process of using a form of server managed and hosted over the internet to manage and arrange data processing.

Going back to the question, since it is a cloud based system, it is typically a shared user system. so the answer is true.

6 0
3 years ago
Identify an expansionary fiscal policy. increasing personal taxes increasing government spending buying government securities in
Greeley [361]
An example of an expansionary fiscal policy is INCREASING GOVERNMENT SPENDING. An expansionary fiscal policy refers to a policy that is used to increase the money supply in an economy. Expansionary fiscal policy come in form of tax cuts, transfer payments, increased government spending and rebates.
6 0
3 years ago
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