PLEASE HELP ASAP!!!! CORRECT ANSWERS ONLY PLEASE!!!!

Sales revenue is $725,700; allocated manufacturing overhead is $95,100; actual manufacturing overhead is $120,500; and cost o

yKpoI14uk [10]

Answer:

$320,000

Explanation:

if allocated overhead was $95,100 and actual overhead was $120,500, then overhead costs were under allocated by $25,400 (= $120,500 - $95,100) and that must be added to cost of goods sold in order to determine the actual gross profit.

total sales revenue = $725,700

total COGS = $380,300 + $25,400 = ($405,700)

gross profit = $320,000

8 0

4 years ago

How did the Great Depression affect economists’ beliefs about the macroeconomy?

ziro4ka [17]

The Great Depression affected economists' beliefs about the macroeconomy because it made them realize that the U.S. economy actually depends on the economies of countries around the world. Prior to this, the thought was that our economy was solely dependent on actions within the U.S.

7 0

3 years ago

Read 2 more answers

A local college is deciding whether to conduct a campus beautification initiative that would involve various projects, such as p

Lunna [17]

Answer:

non rival, non excludable

$5040

greater

will

a. Students believe that if the initiative does not happen, the funds for the initiative Will not be spent elsewhere.

Explanation:

A public good is a good that is non excludable and non rivalrous.

Because a student is enjoying the visual appearance of the campus, another student is not prevented from enjoying the visual appearance of the campus. This means that the beautification initiative is non rivalrous

There is no way to prevent any student from viewing the initiative. This means it is non excludable

Benefit can be calculated using the willingness to pay of student

the price a student is willing to pay would be dependent on the amount of benefit she expects to derive from the project

benefit = 420 x $12 = $5040

The beautification initiative generates a positive externality

A good or initiative has positive externality if the benefits to third parties not involved in production is greater than the cost

Because the good generates positive externality, the initiative should be carried out

If . Students believe that if the initiative does not happen, the funds for the initiative Will not be spent elsewhere, they would quote a lower willingess to pay

3 0

3 years ago

In late April, the Acme Construction Co. submitted a $1,200,000 progress billing on a construction contract.On May 2, the bill w

patriot [66]

Construction expenditures should be debited when D. The bill is approved for payment.

Explanation:

In the above scenario, Acme Construction Co. submitted bill amount of $1,200,000 on a construction contract. The payment of the bill was approved on May 2. According to the contract, 10% was subject to retention.

This construction expenditure is debited when the bill is approved for payment. Contract includes all the details regarding payment and terms and conditions between the companies or parties.

Once the bill submitted by company is approved, then the retention amount will be automatically debited.

8 0

3 years ago

Early supplier involvement (ESI) involves:

ICE Princess25 [194]

Early supplier involvement involves in the collaboration with the suppliers and the manufacturers of the products they suggest new ideas and share their ideas in the early stage of the product

Explanation:

Early supplier involvement is much important because it plays a major role in bringing the suppliers and the manufactures in line and they discuss about the product and the new ideas.

Project delivery will be more easy when the developers and the owners discuss upon the ideas and the investments in the products and it is always wiser to involve the early supplier investment so that the product will be better known to both sides.

3 0

3 years ago