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Sloan [31]
3 years ago
14

Terrence Industries charges manufacturing overhead to products by using a predetermined application rate, computed on the basis

of labor hours. The following data pertain to the current year:
Budgeted manufacturing overhead $1,800,000
Actual manufacturing overhead 1,810,000
Budgeted labor hours 60,000
Actual labor hours 61,500

What is the correct status of manufacturing overhead at year-end?
Business
1 answer:
puteri [66]3 years ago
5 0

Answer:

See below

Explanation:

First, we need to get the predetermined rate

Predetermined rate = Cost of manufacturing overhead / Cost driver

= $1,800,000/60,000

= $30

We will now calculate the application.

Actual labor hours × rate

= 61,500 × $30

= $1,845,000

We will now compare actual with overhead cost

= Applied Overhead cost - Actual manufacturing overhead

= $1,845,000 - $1,810,000

= $35,000

The above is an over application of overhead cost because the cost applied exceed the actual cost.

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What is the primary difference between goods and services?
Pani-rosa [81]

Answer:

A

Explanation:

usually goods are physical product created to satisfy the needs and wants of costumers while services are not physical product but actions that people do to assist other people.

6 0
4 years ago
Marked out of 1.00
Tom [10]

Answer:

The correct answer is True.

Explanation:

As mentioned, it is necessary to know that the employee who enters a new company does so under a series of basic skills and knowledge that must be improved and increased over time, so a system based on knowledge and skills must recognize the effort of workers to specialize in their tasks effectively, performing their duties in a committed, fast and quality manner.

4 0
4 years ago
In Equal Employment Opportunity Commission v. Consolidated Service System, the defendant was a janitorial firm owned by a Korean
Harman [31]

Answer:

B. INTENTIONAL DISCRIMINATION

Explanation:

Word of mouth recruiting occurs when company employees narrates the merit of joining their company to their friends or acquaintances. This was the technique in which the Janitorial firm used in getting employees. Due to the company's worker majorly Korean, they were accused by equal employment opportunities commission for employment discrimination.

The court ruled in the in the favour of the firm because of the method of recruitment used and were not guilty of intentional discrimination.

4 0
4 years ago
Savings Mart is a national retail chain. To entice the company to open a mega store in its jurisdiction, the city of Populationv
vazorg [7]

Answer:

$300,000

Explanation:

As per the Internal service revenue (IRS) and Generally accepted accounting principles (GAAP), when the entity who is profit making received any fixed asset as a donation than the same assets should be recorded at the fair value amount

Here the purchase price is $250,000 and the appraisal value i.e. fair value is $300,000

So the amount of donating the land should be recorded at $300,000

3 0
4 years ago
A in the expected future exchange rate ______ the demand for u.s. dollars. in the u.s. demand for imports _______ the demand for
KIM [24]

A in the expected future exchange rate increases the demand for u.s. dollars. in the u.s. demand for imports does not change the demand for u.s. dollars.

In economics, demand is the number of goods that consumers are willing to purchase at various prices in a particular location and during a particular period of time. [1] The relationship between price and quantity demanded is also called the demand curve. Demand for a particular item is a function of perceived need, price, perceived quality, convenience, available alternatives, disposable income, buyer preferences, and many other options.

Demand refers to the consumer's willingness to buy and pay for goods and services without hesitation. Simply put, demand is the number of items that customers are willing to purchase at various prices over a period of time.

Learn more about demand here

brainly.com/question/1288364

#SPJ4

8 0
2 years ago
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