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
puteri [66]
2 years ago
8

plies manufacturing overhead at the rate of $40 per machine hour. Budgeted machine hours for the current period were anticipated

to be 120,000; however, a lengthy strike resulted in actual machine hours being worked of only 90,000. Budgeted and actual manufacturing overhead figures for the year were $4,800,000 and $4,180,000, respectively. On the basis of this information, the company's year-end overhead was:
Business
1 answer:
qaws [65]2 years ago
3 0

Answer:

$580,000 under applied.

Explanation:

The computation of the company's year end overhead is seen below;

The applied overhead is

= Predetermined overhead rate × actual machine hours

= $40 × 90,000

= $3,600,000

Then, the applied overhead

= $4,180,000 - $3,600,000

= $580,000

Hence, the ending overhead is $580,000 under applied

You might be interested in
Studying business ethics will not necessarily
Serga [27]

Business ethics will never tell you exactly what to do in all decisions. The study of business ethics is designed to help you understand the importance of your decisions, inform you of impacts, describe the ethical decision-making process, and help you recognize ethical issues, but it will not tell you what to do. It will simply give you the tools necessary to make a decision.

7 0
3 years ago
What happens to the Purchasing Power of Money, Prices and the Nominal Rate of Interest in CASE 1: the case of an increasing supp
velikii [3]

Answer:

Case 1: The purchasing power of money will decrease, prices will increase and nominal interest rate will decrease.

Case 2: The purchasing power of money will increase, prices will decrease and nominal interest rate will increase.

Case 3: The purchasing power of money will increase, prices will decrease and nominal interest rate will increase.

Case 4: The purchasing power of money will decrease, prices will increase and nominal interest rate will decrease.

Explanation:

Case 1: The purchasing power of money will decrease, prices will increase and nominal interest rate will decrease.

Case 2: The purchasing power of money will increase, prices will decrease and nominal interest rate will increase.

Case 3: The purchasing power of money will increase, prices will decrease and nominal interest rate will increase.

Case 4: The purchasing power of money will decrease, prices will increase and nominal interest rate will decrease.

3 0
2 years ago
Which of the following is a duty of a personal finance manager?
Eva8 [605]

Answer:

Filling rax return is a duty of a personal finance manager

4 0
3 years ago
Buchholz Corporation follows a moderate current asset investment policy, but it is now considering a change, perhaps to a restri
omeli [17]

Answer:

6.56%

Explanation:

1. Restricted policy where current assets are 15% of sales.

Sales = $400,000

Current assets = 0.15 * 400000 = $60,000

Total assets = Fix assets + Current assets = 100,000 + 60,000 = $160,000

Debt accounts for 50% of capital structure. Therefore 50% assets will be financed through debt.

Debt = 0.5 *160,000 = $80,000

Equity = Assets - Debt =$80,000

Interest on Debt = 10% * $80,000 = $8,000

EBIT = $35,000

Profit before tax = 35000 - 8000 = 27000

Tax = 25% of 27,000 = $6,750

PAT = $27,000-$6,750

= $20,250

ROE = 20,250/ 80000 = 25.31%

2. Calculations for relaxed policy where current assets are 25% of sales.

Sales = $400,000

Current assets = 0.25 * 400000 = $100,000

Total assets = Fix assets + Current assets = 100,000 + 100,000 = $200,000

Debt accounts for 50% of capital structure. Therefore 50% assets will be financed through debt.

Debt = 0.5 *200,000 = $100,000

Equity = Assets - Debt =$100,000

Interest on Debt = 10% * $100,000 = $10,000

EBIT = $35,000

Profit before tax = 35000 - 10000 = 25000

Tax = 25% of 25,000 = $6,250

PAT = 25000 - 6,250 = $18,750

ROE = 18750/ 100000 = 18.75%

The difference between the 2 ROEs = 25.31% - 18.75% = 6.56%

Therefore the difference in the projected ROEs between the restricted and relaxed policies is 6.56%

3 0
2 years ago
Completing Form 1040EZ
nordsb [41]

Answer:

plz mark as brainliest plz

4 0
2 years ago
Read 2 more answers
Other questions:
  • Which type of account typically has very high liquidity, low or no interest, and low minimum balance?
    13·1 answer
  • Who is the home inspector's most important source of business leads? A. Engineering firms B. Architects C. Real estate agents D.
    13·1 answer
  • How is it that people working in their own self-interest produce goods, services, and wealth for others?
    7·1 answer
  • Suppose the required reserve ratio is 8% and the fed purchases $100 million worth of treasury bills from wells fargo. by how muc
    9·1 answer
  • 1 . Perpetuities Perpetuities are also called annuities with an extended or unlimited life. Based on your understanding of perpe
    10·1 answer
  • What it means to you to communicate as a professional in a business context​
    13·1 answer
  • What were the impacts of the fur trade on society in terms of economics, culture, technology, nature, and the government? Did Ro
    12·1 answer
  • Gross Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2013. Its inventory at that date w
    8·1 answer
  • Which of the following statements about the importance of each competitive factors (but especially such highly influential facto
    8·1 answer
  • Businesses that apply the marketing concept will fail if each company involved in
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!