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
Llana [10]
3 years ago
14

Exercise 3-9 Applying Overhead; T-accounts; Journal Entries [LO3-1, LO3-2, LO3-4] Harwood Company uses a job-order costing syste

m that applies overhead cost to jobs on the basis of machine-hours. The company's predetermined overhead rate of $2.40 per machine-hour was based on a cost formula that estimates $192,000 of total manufacturing overhead for an estimated activity level of 80,000 machine-hours. Required: 1. Assume that during the year the company works only 75,000 machine-hours and incurs the following costs in the Manufacturing Overhead and Work in Process accounts: Compute the amount of overhead cost that would be applied to Work in Process for the year and make the entry in your T-accounts. 2A. Compute the amount of underapplied or overapplied overhead for the year and show the balance in your Manufacturing Overhead T-account. 2B. Prepare a journal entry to close the company's underapplied or overapplied overhead to Cost of Goods Sold.
Business
1 answer:
dimulka [17.4K]3 years ago
6 0

Answer:

It is logic of Every Bussiness... Hope it will help you

You might be interested in
Tom is responsible for ordering hardware for a custom home his company is building. The contractor installing the hardware is sc
Vilka [71]

Answer:

A

Explanation:

Free slack can be described as the total amount of time a project can be delayed without affecting the project's completion time . Tom and the contractor share a slack time of 10 days

Total slack measures the total amount of time a project can be delayed before the project's completion.

Functional slack measures the amount of time that each activity in a project can be delayed without affecting the project's completion time.

4 0
4 years ago
Suppose that there are two industries, A and B. There are five firms in industry A with sales at $5 million, $2 million, $1 mill
Sonja [21]

Answer:

3200

Explanation:

The HHI is calculated by squaring the market share of each firm in the industry.

Market share = sales of a firm / total sales of firms in the industry

total sales of firms in the industry = 5 + 2 + 1 + 1 + 1 = 10

Market share of firm A = (5/10) x 100 = 50%

Market share of firm B = (2/10) x 100 = 20%

Market share of firm C, D, E = (1/10) x 100 = 10%

50² + 20² + 10² + 10²  + 10² = 3200

4 0
3 years ago
Suppose People's bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $
vodka [1.7K]

Answer:

10.38%

Explanation:

The formula to compute the effective annual rate of the loan is shown below:

= (1 + nominal interest rate ÷ periods)^ number of period - 1

The nominal interest rate is shown below:

= $250 × 4 ÷ $10,000

= $1,000 ÷ $10,000

= 0.1

Now the effective annual rate is

= (1 + 0.1 ÷ 4)^4 - 1

= (1 + 0.025)^4 - 1

= 1.025^4 - 1

= 10.38%

Since the interest rate is measured on a quarterly basis, we know there are four quarters in a year and we do the same in the calculation part.

This is the answer but the same is not provided in the given options

4 0
4 years ago
Firms engage in __________ when their intimate knowledge and expertise in one market allows them to offer customized marketing p
blagie [28]

Answer:

The correct answer is letter "C": market specialization.

Explanation:

After <em>segmenting </em>their market, companies tend to start their phase of market specialization with the information gathered in their research which is helpful to spot what the company's best segment of the market is based on <em>age, gender, </em>and <em>consumer income</em>. With that information, firms can drive their efforts toward producing a good or rendering a service that satisfies the needs of a specific group of them.

3 0
3 years ago
addresses unknown parameters in the real world that parallel descriptive measures of very large population? A. The sample mean /
Airida [17]

Answer:

The answer is "Option B".

Explanation:

Inferential statistics was its process through which data collection is used to conclude the property or even an implicit wave function. Its analysis infers these same features of inhabitants. Its purpose is to use statistical strategies to determine important assumptions regarding sample size, and  other choices were wrong which can be defined as follows:

  • In option A, it defines the average of the given values, that's why it is wrong.
  • In option C, It is used to0 describes a number of samples that's why it is wrong.
7 0
3 years ago
Other questions:
  • If you buy a home that costs $100,000, it is currently worth $200,000, and you still owe $50,000 on it, how much equity do you h
    8·1 answer
  • Why would banks offer lower interest rates for loans?
    5·2 answers
  • A prototype is a Group of answer choices mental grouping of similar objects, events, ideas, and people. step-by-step procedure f
    9·1 answer
  • Choose the statement that is incorrect. A. Search activity occurs only in markets where there is a shortage. B. The time spent l
    10·1 answer
  • With careful attention to controlling costs and quality, businesses can successfully satisfy consumers with a standardized produ
    9·1 answer
  • The mayor of Lexington, Kentucky, held a press conference to comment on some changes to a local ordinance and explain how it wou
    13·1 answer
  • Zippy Quadcopters plans to sell a standard quadcopter ​(toy drone) for $ 50 and a deluxe quadcopter for $ 80. Zippy purchases th
    6·1 answer
  • Which one of the following best describes the concept of erosion? a. The cash flows of a new product that come at the expense of
    6·1 answer
  • A budget is used to do which of the following
    13·1 answer
  • Identify and describe ten of the common and/or specialist positions a fire fighter
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!