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vaieri [72.5K]
3 years ago
15

Sawyer Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead

to jobs. Last year, the Corporation worked 57,000 actual direct labor-hours and incurred $345,000 of actual manufacturing overhead cost. The Corporation had estimated that it would work 55,000 direct labor-hours during the year and incur $330,000 of manufacturing overhead cost. The Corporation's manufacturing overhead cost for the year was:
Business
1 answer:
Kryger [21]3 years ago
5 0

Answer:

Underapplied by $3,000

Explanation:

Calculation for what The Corporation's manufacturing overhead cost for the year was:

First step is to calculate the Predetermined Overhead rate

Predetermined Overhead rate=( $ 330,000/ 55,000)

Predetermined Overhead rate= $ 6 per labor hour

Now let calculate the Manufacturing overhead cost

Manufacturing overhead cost= (6 x 57 000)-$345,000

Manufacturing overhead cost=$342,000-$345,000

Manufacturing overhead cost=Underapplied by $3,000

Therefore The Corporation's manufacturing overhead cost for the year was:underapplied by $3,000

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Answer:

4. Bonds

Explanation:

Bonds are debt instruments used by corporates and governments to raise capital. Bonds are long-term sources of capital for a business and government and also an investment option to investors.

When the government or corporate issues bonds, they promise to pay the principal amount when the bond matures. Maturity ranges from 5 to 30 years. The bond issuer also commits to pay interest on regular intervals until the bonds mature. The interest to be paid is based on the coupon rate or interest rate as specified by the bond.

7 0
3 years ago
This chart represents different workplaces. Circles A, B, and C are particular to certain career pathways and D represents a typ
Zolol [24]

Answer:

its A

Explanation:

7 0
3 years ago
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Sarafiny Corporation is in the process of preparing its annual budget. The following beginning and ending inventory levels are p
PilotLPTM [1.2K]

Answer:

The number of units the company would have to manufacture during the year would be 780,000 units

Explanation:

To find out how much purchase is made, first we have to calculate the production level. The equation for production level is shown below:

Production level = Closing stock of finished goods + Sales - Opening stock of finished goods

= 76,000 + 730,000 - 26,000

= 780,000 units

Rest cost like opening and ending balance of raw material , required gram is irrelevant for computation part. Thus, it is not considered.

Hence, The number of units the company would have to manufacture during the year would be 780,000 units

8 0
4 years ago
In explaining hedge funds to an investor, a registered representative might correctly characterize them as utilizing:____.
Dimas [21]

In explaining hedge funds to an investor, a registered representative might correctly characterize them as utilizing common stockholders.

  • The potential for the greatest loss determines the riskiest situation.
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  • Common stockholders always bear the most risk because they are the last to be compensated in the event of business liquidation. However, if the company is successful, common stockholders could stand to gain the most from ownership.

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2 years ago
The generator is a popular youth hostel in london located near kings cross. The hostel provides a bed, showers, and breakfast in
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Answer:

The answer is $2000.

Explanation:

Total surplus = Consumer surplus + Producer surplus

                      = [ 0.5 (50-0) x ( 90 -45)] + [ 0.5(50-0) x (45 - 10)]

                      = [ 0.5 x 50 x 45] + [ 0.5 x 50 x 35]

                      = 1125 + 875

Total Surplus = $2000.

5 0
4 years ago
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