Answer:
Over/under allocation= $25,000 underallocated
Explanation:
Giving the following information:
Franklin Manufacturing uses machine-hours as the only overhead cost-allocation base.
The estimated manufacturing overhead costs are $ 340,000 and the estimated machine hours are 40,000. The actual manufacturing overhead costs are $ 450,000 and actual machine hours are 50,000.
First, we need to determine the MOH rate:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base= 340000/40000= $8.5 per machine hour
Now, we can calculate the allocated MOH:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base= 8.5* 50000= $425,000
Over/under allocation= real MOH - allocated MOH= 450,000 - 425,000= 25000 underallocated
Answer:
the correct answer is "opportunity cost".
the opportunity cost here means the cost of the next best opportunity lost because of spending time at work, this could be 8 hours, 10 hours at work, etc.
the underline point here is that when someone works for, lets say, 8 hours, he or she could have done something else that they enjoy and brings value to them and their family.
but since they are working, they can not engage in that activity. because of this, we call it the opportunity cost! simple right?
Explanation:
Answer:
1-Communication is important to express oneself.
2-Need for effective leadership.
3-Helps in proper planning.
4-Improve public Relationships.
5-Helps in providing the full information.
Explanation:
Good communication also improves relationships, and in your personal life with friends and family members. Listening carefully and offering quality feedback helps people to feel heard and understood. This, in turn, nurtures mutual respect. Communication is important to express oneself. It also satisfies one's needs. One should have effective communication for advancement in the career. In your personal life, effective communication skills can smooth your way and your relationships with others by helping you to understand others, and to be understood. Communication not only conveys information, but it encourages effort, modifies attitudes, and stimulates thinking
I hope it helps!
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Never stop believing In yourself, And never underestimate your ability As it takes time To be a master in anything.
You can do it!
You can achieve your goals!
Answer:
The company should borrow or buy the truck as it is less costly than leasing.
Explanation:
Detailed solution is given below
Answer:
Credit Treasury Stock $20,000
Explanation:
When the company reissued the shares, the Treasury Stock account is credited by the same price they were acquire. i.e. in this case we acquire the treasury stock at a price of $20.
Cash (1,000 * 12) 12,000
Additional Paid in Capital 8,000
Treasury Stock (1,000 * 20) 20,000