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Ghella [55]
3 years ago
13

The Thomlin Company forecasts that total overhead for the current year will be $11,415,000 with 180,000 total machine hours. Yea

r to date, the actual overhead is $7,948,000 and the actual machine hours are 88,000 hours. If the Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time (year to date), the overhead is Round the factory overhead rate to the nearest dollar before multiplying by the number of hours.
a. $1,000,000 over
b. $1,000,000 under
c. $500,000 over
d. $500,000
Business
1 answer:
netineya [11]3 years ago
7 0

Answer:

Underapplied overhead = $2,367,040

Explanation:

Predetermined overhead rate = Estimated overhead / Estimated activity

Predetermined overhead rate = $11,415,000 / 180,000

Predetermined overhead rate = $63.42 per MH

Applied overhead = Actual activity * Overhead rate

Applied overhead = 88,000 * $63.42 per MH

Applied overhead = $5,580,960

Overapplied/ (underapplied) = Actual overhead - Applied overhead

Underapplied overhead = $7,948,000 - $5,580,960

Underapplied overhead = $2,367,040

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Rina8888 [55]

The economic principle of substitution says that when there are two houses in the same neighborhood with the same size, appeal, and utility, the lower-priced one will tend to sell first.

<h3>The economic principle of substitution</h3>
  • According to the principle of substitution, the cost of purchasing a substitute that is just as desired tends to establish the upper limit of value, assuming no inopportune delays.
  • A shrewd investor would not spend more on an asset that generates income than it would cost to construct or buy an asset of a similar nature.
  • According to this theory, the cost of acquiring a comparable substitute property with the same use, design, and revenue determine the maximum value of a property in most cases.
  • For instance, why would somebody pay $1,000,000 for a home when they could pay $750,000 for a different but as appealing home in the same neighborhood?

To learn more about the economic principle of substitution refer to:

brainly.com/question/9659517

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4 0
2 years ago
As assistant to the CFO of Boulder Inc., you must estimate the Year 1 cash flow for a project with the following data. What is t
dybincka [34]

Answer:

answer is a

Explanation:

7 0
3 years ago
Security markets provide liquidity:________
Keith_Richards [23]

Answer:

C. by allowing corporations to raise funds by selling new issues and by creating a market in which owners may easily turn an investment into cash through its sale

Explanation:

Naturally, a security market is seen to permit you do more with your actual savings within your saving periods. It is seen to aid over the counter trading which is seen to occur directly between the trader and the broker. In certain cases that can be termed marketable securities, it is seen to occur due to the maturities are seen to tend to be less than one year; and at such, the buyer/broker rates at which they can be bought or sold have little effect on prices.

5 0
3 years ago
Which two factors are important to consider when choosing a production method?
Hunter-Best [27]

Answer:

-The technology that is available for the market.

- The nature of the products

Explanation:

Latest technology often able to produce larger amount of products with significantly lower time. This will help reduce the overall cost of production in the long run.   Business owner need to consider this and calculate whether the initial investment that needed to be made to install the technology will worth the value in the long run.

Nature of the products consisted of all  the characteristics that our products process. For example food products tend to not have a long shelf life unlike fashion product. This difference in characteristics influence the type of production method that business owners could implement.

For example, It is impossible for business owners to mass produce produce food products with the expectation that it can maintain their quality in the warehouse, but producer of fashion products could make that expectation.

6 0
3 years ago
Balance this redox reaction<br>Br2+NaOH → NaBr02+NaBr + H2O​
nevsk [136]

Answer:

2Br₂ + 4NaOH → NaBrO₂ + 3NaBr + 2H₂O

Explanation:

<u>Step-1:</u>

Br₂ + NaOH → NaBrO₂ + NaBr + H₂O

<u>Step-2:</u>

Elements. LHS RHS

Br 2 2

Na 1 2

O 1 3

H 1 2

<u>Step-3:</u>

Elements L.H.S R.H.S

Br 2 × 2 4

Na 1 × 4 4

O 1 × 4 4

H 1 × 4 2 × 2

<u>Step-4:</u>

Elements L.H.S R.H.S

Br 4 4

Na 4. 4

O 4. 4

H 4 4

<u>Step-5:</u>

<u>2Br₂ + 4NaOH → NaBrO₂ + 3NaBr + 2H₂O</u>

<u>-TheUnknown</u><u>S</u><u>cientist</u>

5 0
3 years ago
Read 2 more answers
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