Answer:
$1,524 underapplied
Explanation:
Predetermined overhead rate = Estimated Manufacturing Overhead ÷ Estimated Activity.
= $560,324 ÷ 22,060
= $25.40
Applied Overheads = Predetermined overhead rate × Actual Activity
= $25.40 × 22,000
= $558,800
<em>Where,</em>
Actual Overheads are $560,324 (given)
<em>Conditions :</em>
If Actual Overheads > Applied Overheads, we say overheads are under-applied and if Actual Overheads < Applied Overheads, we say that overheads are over-applied.
<em>Therefore ,</em>
In our case, Actual Overheads : $560,324 > Applied Overheads : $558,800. Overheads have been under-applied by $1,524 ($560,324 - $558,800).
Answer: business proposal
Explanation:
Business proposal shows the benefits of embarking on a particular project, the plans needed to execute the project, the breakdown of materials needed to achieve the aim of the project, time frame, and the budget or total cost breakdown to successfully complete the project.
In summary, business proposal is written in other to convince investors to invest in a particular project.
Answer:
Find attached
Explanation:
Horizontal or trend analysis involves is a financial statement analysis technique that shows the percentage change or dollar change in a corresponding financial statement's item.
For example, the change in the fixed assets by a way of increase or decrease compared to last year's financial statements.
Formula:
change in a particular line item=(current year amount/previous year)-1
Answer:
Total production for the current period is expected to be 7420 units.
Explanation:
The current production should be enough to meet the required units needed for the desired ending inventory and the units needed to meet the current sales after adjusting for the opening inventory of units that is available. Thu,s the current production requirement will be,
Production = Closing Inventory + Sales - Opening Inventory
Production = 263 + 7500 - 343
Production = 7420 units
Answer Choices:
A. is staffed by accountants, economists, tax lawyers
B. keeps Congress well informed on international affairs
C. was created by Article III of the Constitution
D. consents to treaties and trade agreements negotiated by the President
Answer:
A.
