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kodGreya [7K]
3 years ago
10

Precision Corporation used a predetermined overhead rate last year of $3 per direct labor-hour, based on an estimate of 24,000 d

irect labor-hours to be worked during the year. Actual costs and activity during the year were: Actual manufacturing overhead cost incurred $84,000 Actual direct labor-hours worked 27,000 The overapplied or underapplied manufacturing overhead for the year was:
Business
1 answer:
miskamm [114]3 years ago
3 0

Answer:

$12,000 Overhead Underapplied

Explanation:

Calculation to determine what The overapplied or underapplied manufacturing overhead for the year was:

Total pre-determined manufacturing overhead $72,000

($3*24,000)

Less Actual manufacturing overhead cost incurred ($84,000)

Overhead Underapplied $12,000

Therefore The overapplied or underapplied manufacturing overhead for the year was:$12,000 Overhead Underapplied

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Answer:

Explanation:

Inventories are part of investment and therefore included in GDP because firms produce goods and these goods may be unsold at the time GDP is computed

The value added method of calculating GDP recognizes inventory. Value added from raw materials to work in process and to finished goods are part of what goes into the computation of GDP

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Answer:

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4 years ago
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Gre4nikov [31]

Answer:

Consider the following explanation

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Because of the unlimited liability of all partners, a general partnership most
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