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irina [24]
3 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]3 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).

You might be interested in
How is the measure of occupational prestige determined? a. Employers are asked how prestigious they believe their businesses are
Readme [11.4K]

Answer:

The measure of occupational prestige is determined through the process in which a nationwide sample of people is asked to evaluate a series of different jobs.

Explanation:

Occupational prestige is also known as job prestige. It is a way used by sociologists to define the social position or standing of people based on their occupation. Rather than using the personal attributes of individuals, it ranks people according to their profession or occupation. The ranks lie from 0 to 100, with 0 being lowest score and 100 the highest. These ranks are alloted to different professions by conducting nationwide surveys.

7 0
3 years ago
The market risk premium is 9.0%, and the risk-free rate is 5.0%. If the expected return on a bond is 9.5%, what is its beta?
leva [86]

Answer:

The beta is 1

Explanation:

The computation of beta using the CAPM model is shown below:

As we know that

Expected rate of return = Risk free rate of return + Beta × Market risk premium

9.5% = 5% + Beta × 9.0%

9.5% - 5% = Beta × 9.0%

9.0% = Beta × 9.0%

So, the beta is 1

We simply applied the above formula so that the correct value could come

And, the same is to be considered  

4 0
3 years ago
In general, you will receive higher rates of interest on your certificate of deposit the ____ the maturity and the ____ the doll
ladessa [460]

Answer:

The answer is:

In general, you will receive higher rates of interest on your certificate of deposit the longer the maturity and the higher the dollar amount invested.

Explanation:

Interest rates are returns that an investor receive from their investment (under this situation - investment in certificate of deposit (CD)).

The higher the risk, the higher the return is required to compensate for the risk-taking of investor.

As long time commitment, that is long maturity, gives the investor higher exposure to risk and higher invested amount resulting to higher loss given default; investors will require higher return, that is - interest rate on CD, to compensate for their risk-taking.

Thus, longer and higher should be the correct choice to fill in the blank.

7 0
3 years ago
Sally purchased a log-splitter five years ago. This year, she purchases some new parts, gasoline, oil, and spends 2 hours repair
kompoz [17]

Answer:

C

Explanation:

The GDP or gross domestic product measures the market value of all goods and services produced in country in a specific period of time. This year GDP should not include the log-splitter because Sally purchased it five years ago. We should include this year purchases: new parts, gasoline, oil. Also, we should include the market value of the 2 hours she spent repairing the log-splitter if she paid someone to do it or if someone paid her to do it, because this is a service. But the problem suggests that she repaired her own log-splitter, then we should not include it this year GDP.  

6 0
3 years ago
Assume that Jane’s company does not have the $50 million in cash to purchase the building. The company mortgage with the bank. T
bogdanovich [222]

Answer:

The agreement among the Jane and bank personally is the Guaranty

Explanation:

As Jane want to take a loan of $50 from bank in order to purchase a building but bank is worried regarding the financial health of the company so in order to grant the loan or mortgage, both bank and Jane entered into an agreement which states that the Jane would be personally liable for the payment if company defaults. So, the agreement in which they agreed is the guaranty given by Jane to bank.

6 0
3 years ago
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