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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

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Rimary marketing research is more expensive than secondary market research
Pani-rosa [81]
Yes its true primary research is more expensive tha secondary market research
4 0
3 years ago
An aircraft factory manufactures airplane engines. The unit cost (the cost in dollars to make each airplane engine) depends on t
nataly862011 [7]

Answer:

Incomplete question

Complete question:

An aircraft factory manufactures airplane engines. The unite cost C ( the cost in dollars to make each airplane engine) depends on the number of engines made. If x is the number of engines made, then the unit cost is given by the function C(x)=0.8x^2-160x+26848. What is the minimum unit cost? not rounded

Answer: $18848

Explanation:

Since we have the function

C(x) = 0.8x²-160x+26,848

Firstly, we differentiate

C'(x) = 1.6x - 160

The minimum cost will occur where x = 100.

The vertex of a parabola (quadratic equation) occurs where X = -b/2a, in this case we have that

X = 160/(2×0.8) = 100

Therefore, we substitute x = 100 into the original equation

We have that

C(x) = 0.8(100)²-160(100)+26848

C(x) = 8000-16000+26848

C(x) = $18848

8 0
3 years ago
A stock has an average expected return of 9.7 percent for the next year. The beta of the stock is 1.34. The T-Bill rate is 5.2%
givi [52]

Answer:

3.4%

Explanation:

According to the capital asset price model: Expected rate of return = risk free + beta x (market rate of return - risk free rate of return)

9.7 = 5.2 + 1.34(x - 5.2)

9.7 - 5.2 =  1.34(x - 5.2)

3.35 = x - 5.2

4 0
3 years ago
please identify what type of error the following sentence includes: the business needs to hire more spanish speaking workers to
Flura [38]

<u>Symbols (which include greenback and </u><u>percentage </u><u>signs) </u>error the following sentence consists of the business's desire to hire greater Spanish-speaking employees to control the new area.

A business is described as a company or enterprising entity engaged in business, business, or professional activities. companies can be for-income entities or non-earnings groups. enterprise types range from restricted liability corporations to sole proprietorships, corporations, and partnerships.

The maximum not unusual types of enterprise are the only proprietorship, partnership, enterprise, and S agency. A restricted liability organization (LLC) is a business structure allowed with the aid of state statutes. felony and tax considerations input into choosing an enterprise structure.

Learn more about business here

brainly.com/question/24553900

#SPJ4

6 0
1 year ago
Assume a perfectly competitive constant-cost industry is initially at long-run equilibrium. Now suppose that a decrease in marke
Brums [2.3K]

Answer:

The correct answer will be option B.

Explanation:

A decline in the market demand will cause the demand curve to shift to the left. This leftward shift in the demand curve will lead to a decrease in the price as well as quantity. As the price of the commodity decline, the supply will get reduced as well. This is because supply and price are directly related.  

A reduction in supply will cause the supply curve to shift to the left. This leftward shift in the supply curve will cause an increase in the price until it reaches the initial level.

At this point, the quantity will be lower than earlier but the price will remain the same.

3 0
4 years ago
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