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kompoz [17]
3 years ago
7

The Cavy Company estimates that the factory overhead for the following year will be $250,000. The company calculated its Predete

rmined Overhead Rate to be $31.25 per machine hour for the year. The machine hours incurred for the month of April for all of the jobs were 4,780. If the actual factory overhead totaled $141,800, determine the over- or underapplied amount for the month.
Business
1 answer:
notsponge [240]3 years ago
5 0

Answer:

Overapplied overhead= $7,575 overapplied

Explanation:

<u>First, we need to allocate overhead costs based on actual hours: </u>

<u></u>

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

Allocated MOH= 31.25*4,780

Allocated MOH= $149,375

<u>Now, the over/under allocation:</u>

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 141,800 - 149,375

Overapplied overhead= $7,575 overapplied

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Which of the following statements is FALSE? There is no need to evaluate mutual fund investments because investment companies hi
Anna35 [415]

Answer: Statement that “There is no need to evaluate mutual fund investments because investment companies hire the best professional managers they can to manage their funds “ is FALSE

 A mutual fund is a pool of stocks, bonds or other funds where an investor purchase his shares. He gets one to meet his investment goals so evaluating a mutual fund's performance is needed and must involve thorough research to lessen risk.  

 Professional fund managers do make mistakes, so it is a must that investors continually evaluate their mutual fund investments. 

8 0
3 years ago
Read 2 more answers
The marginal benefit of another T-shirt this month to Mary is $15. If the $10 price of a T-shirt reflects its marginal cost to M
DaniilM [7]

Answer:

The correct answer is option d.

Explanation:

The marginal benefit of another T-shirt is $15. The price of the T-shirt is $10.  

The marginal cost is equal to the price, so it is also $10.  

The marginal benefit earned from the T-shirt is greater than the marginal cost incurred on a T-shirt.  

According to economic reasoning, it is profitable to buy another T-shirt. So, Mary will buy another T-shirt this month.

5 0
3 years ago
What is the amount of Justin and Jenna's earned income tax credit reported in the payments section on page 2 of their tax return
MissTica
<span>The amount of Justin and Jenna's Earned Income Tax Credit which was reported in the payment section on page two of their return was $836. The Earned Income Credit, or EIC, is a tax credit that is refunded to low to moderate income earners who are working weather individual or couples. Generally, this is given to those who have children. The amount of the credit depends on the income and number of children.</span>
6 0
3 years ago
A business formed by two or more individuals who each have unlimited liability for all of the firm's business debts is called a:
AlexFokin [52]

Answer:

4. general partnership. 

Explanation:

A general partnership is when at least two people come together to form a business. These partners would have unlimited liabilities.

A sole proprietorship is A form of business owned by one person who has unlimited liabilities.

A corporation is a a form of business owned by many people known as the shareholders. The shareholders have limited liability.

A limited liability company is owned by at least two partners that have a limited liability.

A limited partnership is a type of partnership with two types of partners- the limited partner and the general partner. The limited partner has limited liability and he is not involved in the daily running of the business while a general partner has unlimited liabilities and she is involved in the daily running of the business.

I hope my answer helps you

6 0
3 years ago
The Bradshaw Company's most recent dividend was $6.75. The historical dividend payment by the company shows a constant growth ra
Paha777 [63]

Answer:

$236.25

Explanation:

Given that,

Recently dividend paid, D0 = $6.75

Growth rate of dividend, g = 5 percent per year

Required rate of return, rr = 8 percent

Therefore, the stock price is calculated as follows:

= [D0 × (1 + g)] ÷ (rr - g)

= [6.75 × (1+5%)] ÷ (8% - 5%)

= $236.25

Hence, the maximum you would be willing to pay for a share of its common stock if your required rate of return is 8 percent is $236.25.

3 0
3 years ago
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