There are different kinds of rules. Underapplied or overapplied overhead occurs because overhead is applied to jobs using a predetermined rate is a true statement.
<h3>What is Underapplied overhead?</h3>
This is known too be when the amount of a specific OH applied is said to be less than full amount of actual MOH for that specific period.
Overapplied overhead is known to be when the amount of OH applied is said to be more than full amount of actual MOH for that specific period.
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The correct answer would be option A, computer,desk,legal/incorporation fees,roof.
She also paid $6000 in legal/incorporation fees and spent $12000 for a new roof for the office building she owns. Computer, desk, legal/incorporation fees, roof, purchases she can expense in 2018 without limitations.
Explanation:
Wendy is a financial planner who began his business in 2018. She purchased computers, desks, paid legal/incorporation fees, and also spent money for a new roof for the office building.
All these purchases are already paid by him in the running year. So he does not have to worry about their limitation at least in 2018. These are mostly one time purchases that would need only maintenance in years, or he might have to pay only for the renewal of the legal/incorporation. Otherwise there would be no limitation on him in 2018 at least.
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Answer:
$1,050
Explanation:
The owners of a corporation are the shareholders of the company. The primary goal of the corporate management team is to maximize the shareholder wealth by maximizing the company stock price over the long run
The computation of the total wealth is shown below:
= Number of shares bought × current stock price
= 35 shares × $30
= $1,050
This is the answer but the same is not provided in the given options
Answer:
Option (d) 7 times
Explanation:
Data provided in the question:
Net income = $250,000
Dividends paid to common stockholders = $50,000
Common stock outstanding = 50,000
Selling price of the common stocks = $35
Now,
The price-earnings ratio is calculated as:
⇒ ( Stock price ) ÷ ( Earnings per share )
also,
Earnings per share = ( Net income ) ÷ ( common stock outstanding )
= $250,000 ÷ 50,000
= $5
or
Price-earnings ratio = $35 ÷ $5
or
Price-earnings ratio = 7 times
Option (d) 7 times
Answer:
all manufacturing costs except direct labor and direct materials
Explanation:
Manufacturing or production/Factory costs are usually classified as direct or indirect.
Direct cost are those costs incurred that are directly linked to production.
This includes direct labour, direct material, etc.
Manufacturing overheads or indirect costs are costs incurred in the production process that may not be linked directly to the production of goods and services.