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irina [24]
2 years ago
10

Time Remaining 1 hour 8 minutes 42 seconds01:08:42 Item 5 Time Remaining 1 hour 8 minutes 42 seconds01:08:42 Crich Corporation u

ses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 22,020 hours and the total estimated manufacturing overhead was $550,500. At the end of the year, actual direct labor-hours for the year were 21,800 hours and the actual manufacturing overhead for the year was $550,500. Overhead at the end of the year was:
Business
1 answer:
emmasim [6.3K]2 years ago
5 0

Answer:

under-applied overheads is $1,340

Explanation:

Note : I have attached the full question/similar as an image below.

Actual Overheads   = $594,960

Applied Overheads = $594,960 / 22,200 x 22,150 = $593,620

Since,

Actual Overheads  > Applied Overheads, overheads have been under-applied.

Amount of under-applied overheads is $1,340 ($594,960 - $593,620).

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Presented below are certain account balances of Swifty Products Co. Rent revenue $6,980 Sales discounts $8,170 Interest expense
svetlana [45]

Answer and Explanation:

The computation is shown below:

a

Sales revenue $405,100

Add: Rent revenue $6,980

Add: Dividend revenue $71,430

Less: Sales returns and allowances $(12730)

Less: Sales discounts $(8170)

a  

Sales revenue 405100

Add: Rent revenue 6980

Add: Dividend revenue 71430

Less: Sales returns and allowances (12730)

Less: Sales discounts (8170)

Total net revenue $462,610

b  

Total net revenue $462,610

Less: Expenses  

Interest expense $13,320

Selling expenses $99,730

Income tax expense $27,776

Cost of goods sold $166,455

Administrative expenses $88,620

Total Expenses $395,901

Net income $66,709

c  

Net income $66,709

Less: Allocation to noncontrolling interest $17,320

Income attributable to controlling stockholders $49,389

5 0
2 years ago
Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations
DochEvi [55]

Answer:

c) $ 24,200

Explanation:

Computation of Total Period costs

Fixed selling and Administrative expenses                       $  8,800

Variable Selling and Administrative costs

$ 7 per unit * 2,200 units sold                                            <u>$ 15,400</u>

Total period costs                                                                $ 24,200    

The fixed manufacturing overhead is part of manufacturing costs so not considered.

The variable selling and administrative costs are based on units sold and not units produced.

5 0
3 years ago
When an economist says that the demand for a product has increased, this means that: consumers are now willing to purchase more
Yuliya22 [10]
It means that consumers are now willing to purchase more of this product at each possible price. 
8 0
3 years ago
Which process can you use to save an audio recording onto a recordable cd? select one:
Zepler [3.9K]
I think the correct answer would be A. The process that you can use to save an audio recording onto a recordable CD would be compressing. It is a process which allows us to share and to store files in systems. In order to compress audio files to a CD, a software or program should be used to be able to compress correctly depending on what type of files can be transferred to the CD.
5 0
3 years ago
A Joe and Jorge both graduated from an engineering college and decided to donate money to their college. They set up 10 engineer
AfilCa [17]

Answer:

Each scholarship will have an amount of $ 85,000.

Explanation:

Since Joe and Jorge both graduated from an engineering college and decided to donate money to their college, and they set up 10 engineering scholarships per year starting in 2046 for every year, if $ 50,000 is invested in the trust fund in the year 2021 and if it earns a very good rate of return of 12% per year, to determine what will the amount of each scholarship be starting in 2046 the following calculation must be performed:

(50,000 x 1.12 ^ (2046-2021)) / 10 = X

(50,000 x 1.12 ^ 25) / 10 = X

850,003.22 / 10 = X

85,000.32 = X

Therefore, each scholarship will have an amount of $ 85,000.

8 0
3 years ago
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