Answer:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Explanation:
Giving the following information:
Overhead is applied base on an estimated overhead rate of 80% of direct labor cost.
<u>We weren't provided with enough information to calculate the allocated overhead. But, I will give a numerical example as well as the formula:</u>
To allocate overhead, we need to use the following formula:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
For example:
Direct labor= $50,000
Allocated overhead= 0.8*50,000= $40,000
Answer:
The correct answer is the option B: Coordinating with others to assure steady progress on the task.
Explanation:
To begin with, a great manager may have many traits that allows him and the company to encourage to improve the performance of the employees to establish a better production or client service. However, when talking about a manager that must focus on the organization of the operations for example, then that person must know how to coordinate (organize) his entire team of employees and also of co-workers at the same level to make sure that a steady progress of the production, of every day task, is being carried properly or at least the best way as possible. Therefore that the correct answer is that a trait that is shared by managers who are adept in the organizing function is to coordinate with others to assure the steady progress on the task in order to make everything go as planned.
Answer:
The correct answer to the following question is true .
Explanation:
Double taxation refers to a tax principle , according to which income taxes are paid twice from the same source of income. This taxation occurs at both the personal and corporate level and also in the situations when international trade takes place , where income would be taxed twice in two different countries . The reason why double taxation occurs is because a corporation is considered as a separate legal entity from its shareholders.
Answer:
C)Unfavorable variances are more likely to occur.
Explanation:
From the question we are informed about an instance, whereby To maintain competitive prices, control of costs is critical. Management has considered moving production overseas, but so far they are committed to remaining in the U.S. Management has decided to permit their employees to participate in setting up a new standard cost system. In this case, Management likely expects the new standard cost system, along with the employee input, to provide all of the following benefits
✓ Employees who participate in setting standards may be more efficient.
✓Standard costs will help management in uncovering potential cost problems.
✓Standard costing permits management by exception, which should save some time.
Competitive pricing can be regarded as process involving selection of strategic price points so that advantage of a product/service can be take base on market relative to competition. Competitive pricing can be utilized in a case whereby price for a product/ service has gotten to level of equilibrium. Cost control can be regarded as practice which involves identification as well as reduction of business expenses so that profit can be increased usually begins as budgeting process.