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lbvjy [14]
2 years ago
15

Actual fixed overhead is $33,300 (12,000 machine hours) and fixed overhead was estimated at $34,000 when the predetermined rate

of $3.00 per machine hour was set. If 11,500 standard hours were allowed for actual production, applied fixed overhead is:____.
a. 33,300.b. 34,000.c. 34,500.d. not determinable without knowing the actual numbers of units produced.
Business
1 answer:
Anuta_ua [19.1K]2 years ago
3 0

Answer:

C. $34,500

Explanation:

Given the above information, applied fixed overhead is computed as;

= Standard hours allowed for actual production × Predetermined rate

Standard hours allowed for actual production = 11,500

Predetermined rate = $3 per hour

Then,

Applied fixed overhead

= 11,500 hours × $3 per hour

= $34,500

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The following items appear on the balance sheet of a company with a one year operating cycle. Identify the proper classification
Vinvika [58]

Answer:

The answer is:

1. N

2. L

3. C

4. N

5. L

6. N

7. C

8. C

9. C

10. L

Explanation:

Current liability is the type of liability whose obligations are due within a year.

Long-term liability is the type of liability whose obligations are due in more than a year's time i.e it has a lifespan of more than a year.

1. Machinery (expected life of 4 years) - N

2. Notes payable (mature in five years). - L

3. Accounts payable (due in 30 days). - C

4. Patents (to expire after 5 years) - N

5. Notes payable (due in 13 to 24 months) - L

6. Prepaid Insurance (6 months of coverage). - N

7. Current portion of long-term debt - C

8. Unearned revenues (to be earned over next 3 months) - C

9. FUTA taxes payable - C

10. Pension liability (to be paid to employees retiring in 2 to 5 years) - L

3 0
3 years ago
Stephen, chief financial officer of Pluto Inc., is considered to be a very organized and disciplined leader by his employees, th
alexandr1967 [171]

Answer:

emphasizes on completing work on time without any unreasonable delays.

Explanation:

Leadership is the trait that an individual has that inspires others to give their best and motivates them to achieve higher standards in work and their personal lives.

In this instance Stephen the CFO of Pluto Inc is considered to be a very organized and disciplined leader by his employees.

This is because he emphasizes on completing work on time without any unreasonable delays. Stephen gas set a standard that inspires his employees and so they look up to him.

7 0
3 years ago
100 POINTS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! PLEASE ANSWER APROPPRIATELY!!!!!! NO LINKS OR FALSE ANSWERS PLEASE OR YOU WILL BE R
motikmotik
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4 0
3 years ago
One of the goals of value-based marketing is a. to sell to all consumers, regardless of their needs. b. to provide the greatest
Nadusha1986 [10]

Answer:

e.

Explanation:

One of the goals of value-based marketing is to offer greater value than competitors offer. Therefore you are advertising to customers the value that your company/product can provide that the competitors cannot. Therefore attracting customers towards your product and in term increasing both sales and profit for your company.

7 0
3 years ago
At December 31, 2017, before any year-end adjustments, Macarty Company's Prepaid Insurance account had a balance of $2,700. It w
Whitepunk [10]

Answer:

The adjusted balance for Prepaid Insurance is $1,200. Whereas, the expired Insurance that is to be charged to Profit or Loss Statement is $1,500.

Explanation:

The Double Entry to Record the Expired Resource (Insurance) is:

Insurance Expense (Dr.)                   $1,500

             Prepaid Insurance (Cr.)                              $1,500

This implies that the adjusted balance for Prepaid Insurance is 2,700 - 1,500 = $1,200.

Thanks!

6 0
3 years ago
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