Answer:
The Actual overhead in finished goods is $ 113,400
Explanation:
In order to calculate the ACTUAL OVERHEAD IN FINISHED GOODS we would have to use the following formula:
Actual overhead in finished goods= overheads allocated to job 18 and 19 + underapplied overheads allocated finished inventory
Actual overhead in finished goods=(($9,750+$13,650)/($11,700+$9,750+$13,650+$3,900)*$168,000) + ($23,400/$39,000* ($189,000 - ($39,000*$168,000/$35,000))
= $112,320 + $1,080
= $ 113,400
The Actual overhead in finished goods is $ 113,400
Answer:
Paticipative budgets
Explanation:
A budget can be defined as a financial plan which gives an estimate of income and expenditures. A budget is a tool that is utilized by different organisations to manage their resources inorder to achieve their various objectives and goals.
A budget shows the different costs incurred by the organisation within a particular period of time.
Participative budgets is a type of budget in which the low level management of an organization are involved in the preparation of budget. It helps to prevent top managers from unruly behaviours.
Participative budget enables the top level and low level managers to share information that will lead to the growth of the organisation.
Answer: $100 million
Explanation:
National Income (GDP) for a close nation is calculated as:
= Consumption + Investment + Government spending
Making investment the subject would give us:
Investment = GDP - Consumption - Government spending
= 400 - 150 - 150
= $100 million
Answer:
Product cost refers to the costs incurred to create a product. These costs include direct labor, direct materials, consumable production supplies, and factory overhead. Product cost can also be considered the cost of the labor required to deliver a service to a customer.
Examples of product costs are direct materials, direct labor, and allocated factory overhead which are directly attributable to the product.
period cost is any cost that cannot be capitalized into prepaid expenses, inventory, or fixed assets. A period cost is more closely associated with the passage of time than with a transnational event. ... Instead, it is typically included within the selling and administrative expenses section of the income statement.
Examples of period costs are general and administrative expenses, such as rent, office depreciation, office supplies, and utilities. Period costs are sometimes broken out into additional subcategories for selling activities and administrative activities
