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DaniilM [7]
3 years ago
7

Cavy Company estimates that the factory overhead for the following year will be $1,470,000. The company has decided that the bas

is for applying factory overhead should be machine hours, which is estimated to be 40,000 hours. The machine hours for the month of April for all of the jobs were 4,780.
Required:
Prepare the journal entry to apply factory overhead.
Business
1 answer:
timofeeve [1]3 years ago
7 0

Answer and Explanation:

The journal entry to record the factory overhead is given below:

Predetermined Overhead rate is

= Estimated overhead ÷ Estimated machine hours

= $1,470,000 ÷ 40,000

= $36.75 per mh

Now journal entry is  

Work in Process $175,665  

     To Factory Overhead $175,665   (4780 × 36.75)

(Being the factory overhead applied is recorded)

Here work in process is debited as it increased the assets and credited the factory overhead as it decreased the expense

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Answer:

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Explanation:

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Here we use the differentiation LRAC to zero

\frac{\partial LRATC}{\partial Q}=-10+0.2Q=0\\\\ 0.2Q=10\\\\ Q=50

From above calculation it can be concluded that the each firm would be produced the quantity of long run equilibrium for 50

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Accumulated Depreciation and Depreciation Expense are classified, respectively, as _____. (A) asset, contra liability (B) expens
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(D) contra asset, expense

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Revising for Conciseness - Eliminating Flabby Expressions,Limiting Long Lead-Ins, and Dropping Unnecessary FillersTime is money
kvv77 [185]

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Explanation:

Flabby expression is extra words that make your writing seems unclear, weak, rambling, and unstructured. It often contains overused words which seem meaningless to the reader.

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Flabby

Concise

As a general rule

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At a later date

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At this point in time

Now, presently

Despite the fact that

Although

Due to the fact that

Because

b. Limiting Long Lead-Ins

This means you need to delete unnecessary introductory words.

For example:

Instead of saying “I am sending you this e-mail to announce that we have hired a new manager”, you can say “We have hired a new manager”.

Dropping unnecessary there is/ are and it is/ was fillers

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Redundancies are expressions with repeating meaning or including unnecessary words (redundant. For example, the word unexpected surprise can be changed into surprise because unexpected carries the same meaning as surprise. Here are the examples of redundant and concise words.

. Purging empty words

Empty words and phrases: case, degree, the fact, factor, instance, nature and quality.

Because of the degree of active participation by our sales reps, profit soared.

It sounds better when we remove them.

Avoid saying the obvious.

If it comes, omit it.

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Clauses begin with that, which and who can often be shortened without loss of clarity.

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Slang is informal words with changeable meanings. For example, you write “gr8” instead of “great”.

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b. Understanding Margins and Text Alignment

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c. Choosing Appropriate Typefaces

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For less formal message or decorative effects :

Happy, Creative script/ funny (Comic Sans, Brush script, Gigi, Jokerman, Kristen)

Assertive, Bold, Modern Display (Britannic Bold, Broadway, Elephant, Impact, showcard)

Plain Monospaced (Courier, Letter Gothic, Prestige Elite)

d. Capitalizing on Type Fonts and Sizes

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e. Adding Headings for Visual Impact

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