Answer:
D) $14,250
Explanation:
In order to determine the total warranty liability that Fox must report in its December 31, 2014, balance sheet, we must multiply the total sales for both 2013 and 2014 by the estimated warranty expenses and then subtract the incurred warranty expenses:
-
total sales during 2013 and 2014 = $150,000 + $250,000 = $400,000
- estimated warranty expenses = 2% + 4% = 6%
- incurred warranty expenses = $2,250 + $7,500 = $9,750
warranty liability = ($400,000 x 6%) - $9,750 = $24,000 - $9,750 = $14,250
Answer:
D.$400 over allocated
Explanation:
For computing the over-allocated or under-allocated amount, first, we have to determine the predetermined overhead rate which is shown below:
Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)
= $371,000 ÷ 180,000 hours
= $2.06
Now we have to find the actual overhead which equals to
= Actual direct labor-hours × predetermined overhead rate
= 190,000 hours × $2.06
= $391,400
So, the ending overhead equals to
= Actual manufacturing overhead - actual overhead
= $391,000 - $391,400
= $400 over - applied
Answer:
Martina
Javier :
Kama
Explanation:
The people that would participate in the market are those whose willingness to pay is higher than the market price for the grill.
The willingness to pay is the highest amount a person would be willing to pay for a good
Martina : $400 > $300 would participate
Javier : $350 > $300 would participate
Kama : $320 > $300 would participate
Lina : $200 < $300 would not participate
A producer supplies an income-type rent at the same time as an independent leasing business enterprise gives an instantaneous.
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