Answer:
Under applied = - 40000
Explanation:
Given the estimated manufacturing overhead = $1200000
The direct labor hour = 50000
Direct labor wage rate = $12 per hour
Actual overhead value = $1340000
Now first find the pre-determined overhead rate.
Pre-determined Overhead Rate = 1200000/50000 = 24
Now find the applied overhead.
Now the Applied Overhead = 650000/12 × 24 = 1300000
Given Actual Overhead = 1340000
Under applied = 1300000 - 1340000 =- 40000
Answer: Option (A) is correct.
Explanation:
The statement in the question best describe the economic concept of real cost of some activity that is foregone to get the satisfaction from the other activity.
There is one more economic concept that is opportunity cost. Opportunity cost refers to the cost or benefit that must be give up by choosing some other alternative.
In our case, you have to decide whether you want to join accounting club or economics club and timings of both the clubs are same. Therefore, you have to choose one club and give up the other one. The cost of giving up is the opportunity cost.
Answer:
It does not appeal to me lol.
Explanation:
If it does appeal then it will probably be the free icecreams. Plus you can have whatever toppings and designs you want!