A _ is used to apply for jobs or even to collage

Primera Company produces two products and uses a predetermined overhead rate to apply overhead. Primera currently applies overhe

pychu [463]

Answer:

Primera Company

1. Plantwide predetermined overhead rate:

= $1,536,000/768,000

= $2.00 per direct labor hour

Overhead assigned to each product:

Product 1 Product 2

Direct labor hours 480,000 147,200

Predetermined overhead

rate = $2 per direct labor hour

Total overhead = $960,000 $294,400

2. Predetermined departmental overhead rates:

Department 1:

Direct labor hours $2 ($1,536,000/768,000)

Department 2

Machine hours = $7.385 ($1,536,000/208,000)

Overhead assigned:

Product 1 = $960,000 (480,000 * $2)

Product 2 = $70,896 (9,600 * $7.385)

3. The applied overhead for the year:

Department 1 = $1,254,400 (627,200 * $2)

Department 2 = $1,512,448 (204,800 * $7.385)

Total = $2,766,848

Overapplied overhead for the firm = $1,134,848 ($2,766,848 - $1,632,000)

4. Debit Manufacturing overhead $1,134,848

Credit Cost of goods sold $1,134,848

To transfer the overapplied overhead to cost of goods sold.

Additional information needed if the variance is material is to determine the percentages to allocated to Work in process, Finished Goods, and Cost of Goods Sold.

Explanation:

a) Data and Calculations:

Estimates:

Department 1 Department 2 Total

Direct labor hours 640,000 128,000 768,000

Machine hours 16,000 192,000 208,000

Overhead cost $384,000 $1,152,000 $1,536,000

Actual results:

Department 1 Department 2 Total

Direct labor hours 627,200 134,400 761,600

Machine hours 17,600 204,800 222,400

Overhead cost $400,000 $1,232,000 $1,632,000

Product 1 Product 2 Total

Direct labor hours:

Department 1 480,000 147,200 627,200

Department 2 96,000 38,400 134,400

Machine hours:

Department 1 8,000 9,600 17,600

Department 2 24,800 180,000 204,800

3 0

2 years ago

The four traits of constructive criticism are _______.

Dmitrij [34]

Answer:

The answer to this question is given below in the explanation section.

Explanation:

Constructive criticism is the process to offer valid and well-reasoned reponed or opinion about other works, it includes both positive and negative comments in a friendly way rather than an oppositional one.

There are four traits of constructive critisim.

So, the correct answer to this question is given below:

D: Positivity, Solution-Oriented, Specific, and private.

While other options are not correct because the four traits of constructive criticism are starting from positivity, solution-oriented, specific, and private.

8 0

2 years ago

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There are some 200 economic integration agreements around the world today, far more than a few years ago.NAFTA, EU, Asean etc. V

kicyunya [14]

Answer:

Economic integration agreement is when countries within a particular geographical area decide to remove or relax tariff or non-tariff barriers to trade between themselves and also to coordinate and harmonize their fiscal and economic policies. Free trade area is the simplest form of an economic integration; it is when governments of member countries agree to remove trade restriction between each other and when member countries are given the freedom to determine their own external trade policies towards non-members.

Supporters of free trade area argue that it is beneficial to the country based on the trade creation argument. Trade creation is where high-cost domestic production is replaced by more efficiently produced imports from within the group; that is, more expensive domestic products are replaced by lower priced imports from countries within the group. The trade creation argument is hinged on the fact that a free trade area ensures that trade is generated over and above what would otherwise have happened if there was no integration. Further, the removal of tariffs allows members to specialize in those products for which they have a comparative advantage leading to a variety of cheap imports for domestic consumers, thereby increasing living standards or welfare gains. Trade creation also creates an incentive for high cost domestic producers to cut cost so as to remain competitive thereby enhancing efficiency.

On the other hand, a free trade area is criticized on the basis of trade diversion. This is where trade with a low-cost country outside the group is influenced by higher–cost products supplied from within the group; this results in a less efficient allocation of resources as trade from outside the group is replaced by trade from within the group. Trade diversion could mean that local consumers would have to buy products at less competitive prices. Another argument would be that a free trade area would lead to a removal of tariff between member countries thereby resulting in a cessation of government revenue from tariffs. As opposed to a free trade area, free trade would increase world output and employment, raise quality and lower prices of goods as firms have access to factor inputs; it will also increase world living standards or enhances welfare gains. A free trade agreement only restricts these potential advantages to a particular geographical space.

Explanation:

8 0

2 years ago

What type of skills requires defining problems and selecting the best course of action to take

Paha777 [63]

Problem Solving Skills

Hope that helped you!

8 0

3 years ago

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A customer has signed a Letter of Intent to buy at least $50,000 of a mutual fund in return for getting a lowered sales charge.

likoan [24]

Answer:

c. The capital gain would be automatically re-invested at NAV if not taken in cash while the purchase of the shares would occur at POP including a sales charge.

Explanation:

An Asset appreciation doesn't in any way complete a breakpoint for a client. The client agreed to buy $50,000 of fund shares under a Letter of Intent to get a lower sales charge. If the customer doesn't deposit the full $50,000, then the sales charge is calculated to a higher percentage, which is based on the customer's purchase. The customer must deposit another $10,000 to complete the breakpoint.

If the customer were to take the capital gains distribution as cash and use that money to buy additional shares to complete the breakpoint, the customer would then have to pay a sales charge, which would be lower because the breakpoint is being completed. The customer must know that if the capital gains distribution were reinvested, it would occur at NAV and there would be no sales charge increase in sales charge. Whether the capital gain is taken as cash or it is reinvested, it is taxable.

3 0

2 years ago