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PIT_PIT [208]
2 years ago
6

Sunland Company thinks machine hours is the best activity base for its manufacturing overhead. The estimate of annual overhead c

osts for its jobs was $1850000. The company used 1000 hours of processing on Job No. B12 during the period and incurred overhead costs totaling $1900000. The budgeted machine hours for the year totaled 20000. How much overhead should be applied to Job No. B12
Business
1 answer:
ankoles [38]2 years ago
5 0

Answer:

Allocated MOH= $92,500

Explanation:

<u>First, we need to calculate the predetermined overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 1,850,000 / 20,000

Predetermined manufacturing overhead rate= $92.5 per hour

<u>Now, we can allocate overhead to Job B12:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 92.5*1,000

Allocated MOH= $92,500

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5 0
2 years ago
Druganaut company buys a $21,000 van on credit. the transaction will affect the
Debora [2.8K]

Balance sheet.

The balance sheet shows assets, liabilities, and stockholder's equity. Buying the van on credit would be a liability.

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3 years ago
To conduct an experiment, a movie theater increased movie ticket prices from $9 to $10 and measured the change in ticket sales.
AleksandrR [38]

Answer:

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Explanation:

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7 0
3 years ago
A firm in a perfectly competitive market: a.must reduce its price if it wants to sell a larger quantity. b.must be large relativ
mr Goodwill [35]

A firm in a perfectly competitive market: d. must take the price that is determined in the market.

<h3>What is a perfectly competitive market?</h3>

A perfectly competitive market can be defined as a type of market in which there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

This ultimately implies that, all business firms in a perfectly competitive market must be willing to take the price that is determined in the market.

Read more on price here: brainly.com/question/11898489

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4 0
2 years ago
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siniylev [52]

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4 0
3 years ago
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