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
Sloan [31]
2 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]2 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.

You might be interested in
The file manager is a user blank.
uysha [10]

Answer:The file manager is a user (blank).

(blank) is an example of a file manager in Microsoft Windows

Explanation:

6 0
3 years ago
Jackson Manufacturing Company had a beginning inventory of $23,000. During the year, the company recorded inventory purchases of
harina [27]

Answer:

$82,000

Explanation:

Jackson manufacturing company has a beginning inventory of $23,000

The recorded inventory purchases is $125,000

The cost of goods sold is $66,000

Therefore the ending inventory can be calculated as follows

= $23,000+$125,000-$66,000

= $148,000-$66,000

= $82,000

3 0
3 years ago
French and German farmers wanting to buy equipment from an American manufacturer based in the U.S. will be: A) Demanding dollars
shepuryov [24]

Answer:

C) Supplying euros and demanding dollars in the foreign exchange market.

Explanation:

Foreign exchange market can be defined as type of market in which the currency of one country is converted into that of another country.

For example, the conversion of dollars of the United States of America can be converted into naira (Nigeria) at the foreign exchange market.

Hence, French and German farmers wanting to buy equipment from an American manufacturer based in the U.S. will be supplying euros and demanding dollars in the foreign exchange market because the medium of exchange (legal tender) in France and Germany is the "Euros" while it is "Dollars" in the United States of America.

6 0
2 years ago
Products, then producers make__
denpristay [2]
Mabye this will help you

5 0
3 years ago
Corporate managers who fail to give due consideration to the rights of employees and other concerned groups in the pursuit of pr
Julli [10]

Answer:

c.rights-based ethical framework  

Explanation:

because the managers should honor the rights of their employees

6 0
3 years ago
Other questions:
  • Since the 2008 global financial crisis, the B/L ("bill of lading") of container shipments from Asian factories to the United Sta
    10·1 answer
  • Conversion costs are:_______.
    8·1 answer
  • What the best way to remember to do homework?
    7·2 answers
  • You probably own several pairs of blue jeans. Further, it is highly likely you purchased those jeans at retail stores located in
    5·2 answers
  • _________________ means that each individual involved in incident operations will be assigned to only one supervisor.
    7·1 answer
  • Both petroleum and coal are made up of complex carbon-based molecules, and both originated with living creatures of some kind. B
    15·1 answer
  • In a roundabout, you should drive in
    11·1 answer
  • A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 worth of merchandise. On
    5·1 answer
  • On November 1, Alan Company signed a 120-day, 12% note payable, with a face value of $10,800. What is the maturity value of the
    12·1 answer
  • A firm issued 10,000 shares of $2 par-value common stock, receiving proceeds of $40 per share. The amount recorded for the paid-
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!