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Answer:
$303,072 - The Question is altered by the Students, so the options given are not correct.
Explanation:
In relevant cost the only cost relevant is the variable cost not the fixed costs. So differential cost would be the difference of the cost of purchasing and the cost of making the product at home, excludin the fixed cost.
Differential cost = Cost of purchasing Less Cost of making at home
Cost of purchasing one unit is $17 which is variable cost. Likewise the cost of making the part at home is $9 which is also 100% variable cost. So by putting values, we have:
Differential cost = 37,884 Units * $17 - 37,884 Units * $9 = $303,072
Answer:
C)The claims of creditors are reported as liabilities while the claims of investors are recorded as stockholders' equity.
Explanation:
In a businesses balance sheet, Creditors claims are shown as liabilities. Liabilities show the amount of financing that creditors provided which could be in the form of debts or obligation. Debtors owe creditors an obligation, and this obligation is to pay back. Investors claim are recorded as stockholders equity
Answer: Chunking
Explanation:
In psychology, the strategy of chunking is referred to as or known as a process under which a individual piece of information set is broken down into pieces and later grouped together. Chunking is also referred to as the collection of familiar unit that are grouped together and also stored in an individual's memory in order to recall later. Chunks are also easily retrieved because of their coherent familiarity and similarity.
Answer:
$6,000 underapplied
Explanation:
The computation of the amount overapplied or under applied is shown below:-
Amount applied = Applied manufacturing overhead - (Indirect materials + Indirect labor + other OH costs incurred
)
= $218,000 - {($84,000 - $72,000) + ($108,000 - $105,000) + $197,000 }
= $218,000 $12,000 + $3,000 + $197,000
= $218,000 - $212,000
= $6,000
Therefore for computing the amount under applied we simply applied the above formula.