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AVprozaik [17]
3 years ago
12

The Winston Company estimates that the factory overhead for the following year will be $868,000. The company has decided that th

e basis for applying factory overhead should be machine hours, which is estimated to be 28,000 hours. The total machine hours for the year were 54,800 hours. The actual factory overhead for the year was $1,723,00.
Required:
a. Determine the total factory overhead amount applied.
b. Calculate the overapplied or underapplied amount for the year.
c. Prepare the journal entry to close Factory Overhead into Cost of Goods Sold.
Business
1 answer:
BabaBlast [244]3 years ago
4 0

Answer:

I just learn Logic Of ABi Nandan...Then after That I understand every thing...

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Which of the following examples is the best demonstration of a qualification profile?​
Ksju [112]

The correct answer is C. Highly motivated IT, college graduate, with software design internship. Experience with Java, XML, and HTML. Logical and systematic problem-solver; capable of independently troubleshooting and performing complex coding tasks.

Explanation:

Qualification profiles should mention the qualifications of a candidate for a specific job or position. This includes information about the education, skills, and even experiences of the individual. Moreover, a qualification profile should be brief and should be written using the third person.

All of these requirements are met only in option C because this includes information about education "IT college graduate", experience "experience with Java, XML..." and relevant skills for this job "problem-solver, capable of independently troubleshooting...". Also, this is brief but still includes more information about qualifications than other options. Finally, this is written using the third person as the author avoids the use of words such as "I".

6 0
3 years ago
Read 2 more answers
The vice president of human resources for a national electronics retailer is meeting with employees of several stores to present
steposvetlana [31]
<span>One part of a disseminator role would be for the vice president of human resources for a national electronics retailer is meeting with employees of several stores to present information to workers that their stores are closing and how the company will help employees in the future. A person in a disseminator role distributes information to his subordinates and superiors alike, by sending circulars, holding meetings, and making phone calls.</span>
3 0
3 years ago
Supply is more elastic over long periods than over short periods because:_____.
Vikki [24]

Answer:

A

Explanation:

Price elasticity of supply measures the responsiveness of quantity supplied to changes in price of the good.

Price elasticity of supply = percentage change in quantity supplied / percentage change in price

If the absolute value of price elasticity is greater than one, it means supply is elastic. Elastic supply means that quantity supplied is sensitive to price changes.  

Supply is inelastic if a small change in price has little or no effect on quantity supplied. The absolute value of elasticity would be less than one

The short run is a period where all  factors of production are fixed. In the short run, a firm would continue to produce if price is above average variable cost. If this is not the case, it would shut down

The long run is a period where all factors of production are varied. It is known as the planning time for a company

Supply is more elastic in the long run than in the short run because the producer can make adjustments in the long run

3 0
3 years ago
A Consumer Expenditure Survey in the city of Firestorm shows that people buy only firecrackers and bandages. A Consumer Expendit
azamat

Solution :

Base year : 2019

Expenditure on crackers : $44

Expenditure on bandages : $12

Price of a firecracker : $1

Price of bandages : ​$3 per pack

Number of crackers bought = $\frac{44}{1}$

                                              = 44

Number of bandages bought = $\frac{12}{3}$

                                                 = 4

Total expenditure in 2019 = $44 + $12

                                           = $56

Year 2020

Price of a firecracker = $6

Price of a bandage = $3

Expenditure on the crackers = $ 6 x 44

                                                = $ 264

Expenditure on the bandages = $ 3 x 4

                                                = $ 12

Total expenditure in 2020 = $ 264 + $ 12

                                            = $ 276

CPI in the year 2020 (base year 2019) = $\frac{276}{56}\times 100$

                                                                 = 492.8

Inflation in 2020 (2019 base year = 100) = $\frac{492.8-100}{100 \times 100}$

                                                                   = 0.039

                                                                   = 3.9%

So, CPI = 492.8

      Inflation rate = 3.9%

7 0
3 years ago
Felix Incorporated has just exchanged 1,250 shares of $65 par-value preferred stock for a parcel of land advertised for a price
Anna11 [10]

Answer:

Dr Land account 90,000

Cr Preferred Stock account 81,250

Cr Paid-in Capital in Excess of Par Value - Preferred Stock account 8,750

Explanation:

When preferred stock is sold, the transaction must be recorded at par value in the preferred stock account. Any amount of money received over par value, must be recorded in the paid-in capital in excess of par value - preferred stock account.

7 0
4 years ago
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