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Vadim26 [7]
3 years ago
11

Stranahan Company allocates overhead based on machine hours. Estimated overhead costs for the year total $217,000 and the compan

y estimates that it will use 31,000 machine hours during the year. Actual overhead for the year was $220,000 and the company used 30,000 machine hours. If Job 45 requires 1,000 machine hours, how much overhead will be allocated to Job 45?
a) $7,097
b) $7,333
c) $7,233
d) $7,000
Business
1 answer:
castortr0y [4]3 years ago
5 0

Answer:

Allocated MOH= $7,000

Explanation:

<u>First, we need to calculate the predetermined overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 217,000 / 31,000

Predetermined manufacturing overhead rate= $7 per machine hour

<u>Job 45:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 7*1,000

Allocated MOH= $7,000

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Suppose the government decides that every family should own its own home. To bring this about, the government decides to subsidi
stira [4]

Answer:

d. the supply curve of new houses would shift rightward, since builders would be willing to produce and sell more houses at each given price.

Place more oil on the market this year, shifting the curve rightward.

Explanation:

1. In the given scenario the government is willing to give home-construction companies $10,000 for every house that they build.

This will result in more willingness on the part of the construction companies to build more houses.

More houses built means more income coming in from the government.

Therefore the supply curve of home building will shift to the right.

2. When oil producers expect prices of oil to increase in the next year, there is a need to control oil prices by increasing availability of oil in the market.

Increase in price results from a scarcity of oil. So to mitigate this excess oil is supplied to control price increase.

This action will shift the curve rightward.

6 0
3 years ago
Flow Company has provided the following information for the year ended December 31, 2014:Cash paid for interest $20,000Cash paid
Rudik [331]

Answer:

The correct option is B,A net inflow of $2,000

Explanation:

The net cash flow  from investing activities is the cash dividends received minus cash paid for equipment purchase plus cash received from sale of land

Cash dividends received is $4,000

cash paid for equipment purchase is $27,000

Cash received from the sale of land is $25,000

Net cash flow from investing activities=$4000-$27,000+$25,000=$2000

The correct option ,therefore, is B, a net cash inflow of $2000 from investing activities

4 0
3 years ago
What is the largest expense in life?
stiks02 [169]

The purchase of a home typically necessitates years of planning and budgeting because it is one of the largest purchases you will ever make.

A budget is an estimate of the money that will come in and go out of the business over a given period of time, and it is often created and reviewed on a regular basis. Budgets can be created for an individual, a team of individuals, a business, a government, or pretty much anything else that generates and spends money.

Budgeting is essential to controlling monthly costs, preparing for unforeseen events in life, and being able to buy expensive products without getting into debt. It doesn't have to be tedious to keep track of your income and expenses, you don't have to be an expert in math, and it doesn't mean you can't buy the items you want. Simply said, it means you'll be more aware of where your money is going and in charge of your finances.

learn more about budgeting here

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6 0
2 years ago
Foresters work for private companies as well as government agencies
soldi70 [24.7K]
Answer: True

It is true that foresters may work in private companies or firms and so with government agencies and offices. However, it is believed that foresters in government agencies have better benefits compared to foresters working in special and private firms.

7 0
4 years ago
Read 2 more answers
Darwin Inc. sells a particular textbook for $29. Variable expenses are $21 per book. At the current volume of 44,000 books sold
Dvinal [7]

Answer:

The answer is A

Explanation:

To start with;

Contribution margin per unit = selling price($29) - variable cost($21)

$29 - $21

= $8 per book...

So break even sales =fixed cost(expense) / contribution margin.

Break even sales is 44,000 units and contribution margin is $8.

Therefore, fixed cost or expenses=

Break even sales x contribution margin

44,000 x $8

=$352,000

7 0
3 years ago
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