Yarra Fabrication estimates that its manufacturing overhead will be $2,348,800 in year 1. It further estimates that direct material costs will amount to $1,468,000. During July, Yarra worked on four jobs with actual direct materials costs of $77,000 for Job 0701, $108,000 for Job 0702, $140,000 for Job 0703, and $69,000 for Job 0704. Actual manufacturing overhead costs for the year were $2,485,000. Actual direct materials costs were $1,635,000. Manufacturing overhead is applied to jobs based on direct materials cost using predetermined rates. Required: A. How much overhead was applied to each of the four jobs, 0701, 0702, 0703, and 0704?B. What was the over- or underapplied manufacturing overhead for year 1?
Answers
Answer:
predetermined overhead rate = $2,348,800 / $1,468,000 = 160% of direct materials
a) applied overhead rate to:
Job 0701 = $77,000 x 1.6 = $123,200Job 0702 = $108,000 x 1.6 = $172,800Job 0703 = $140,000 x 1.6 = $224,000Job 0704 = $69,000 x 1.6 = $110,400b) actual overhead rate = $2,485,000 / $1,635,000 = 152%
overhead cost that should have been applied:
Job 0701 = $77,000 x 1.52 = $07,040Job 0702 = $108,000 x 1.52 = $164,160Job 0703 = $140,000 x 1.52 = $212,800Job 0704 = $69,000 x 1.52 = $104,880Overhead costs were overapplied since real overhead was lower. The actual overhead rate was 1.52, while the predetermined rate was 1.6, so overhead costs were overapplied by 0.08 or 8%. Since total materials costs were $1,635,000, then overhead costs were overapplied by $1,635,000 x 0.08 = $130,800
Related Questions
At what stage does an advertiser decide how the message and appeal of an ad can be creatively translated into words, pictures, colors, and/or music
Answers
Answer:
Creation stage
Explanation:
The first step in conducting an STP analysis is
A)
dividing the marketplace into subgroups.
B)
repositioning existing segments.
C)
generating a sum of segments.
D)
targeting potential segments.
Answers
Conducting an STP begins with segmenting the market into subgroups. To categorize your clients into groups of people with similar traits and wants, utilize market segmentation. As a result, choice (A) is the right response.
What is STP?A marketing strategy known as segmentation, targeting, and positioning (STP) rethinks how and to whom you should advertise your goods. It improves the emphasis, relevance, and personalization of your marketing communications for your target audience.
When designing marketing communications plans, the STP model is helpful since it enables marketers to prioritize ideas before developing and delivering individualized and pertinent messages to engage with various audiences. Market segmentation, market targeting, and positioning strategy make up the three steps of the funnel.
Hence, Option (A) is accurate.
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Most financial advisors believe that money should be invested only after which following financial goals have been met? (Select all that apply)
Answers
Answer:Question 2 options:
When you open a checking account.
When a financial reserve has been saved up, in case of emergencies.
When a plan and budget has been made for obvious financial needs such as housing and education.
Explanation:
5. The cash in bank account for DX Co. on May 31 of the current year indicated a balance of $13,215.80 after both the cash receipts journal and the check register for May had been posted. The bank statement indicated a balance of $19,513.90 on May 31. Comparison of the bank statement and the accompanying cancelled checks and memorandums with the records revealed the following reconciling items. A.Checks outstanding totaled $7,070.10. B.A deposit of $3,915.20, representing receipts of May 31, had been made too late to appear on the bank statement. C. The bank had collected $3,120 on an interest bearing note left for collection. The face of the note was $3,000. D.A check for $69 returned with the statement had been recorded erroneously in the check register as $96. The check was for payment of an obligation to YX Co. for the purchase of supplies on account. E.A check drawn for $42 had been erroneously charged by the bank as $24. F.Bank service charges for May amounted to $21.80. Instructions: i.Prepare bank reconciliation. ii. Record the necessary entries in general journal form. iii. What is the amount of cash in bank that should appear on the balance sheet as of May 31?
Answers
i) The preparation of the bank reconciliation statement is as follows:
Bank Reconciliation Statement:Balance as per bank statement $19,513.90
Less outstanding checks (7,070.10)
Less understated check (18.00)
Add Outstanding Deposits 3,915.20
Balance as per adjusted cash a/c $16,341.00
ii) The recording of the necessary journal entries is as follows:
General journal:Debit Cash $3,120
Credit Notes Receivable $3,000
Credit Interest Revenue $120
Debit Cash $27
Credit Accounts Payable $27
Debit Bank Charges $21.80
Credit Cash $21.80
iii) The amount of cash in bank that should appear on the balance sheet as of May 31 is $16,341.00.
What is the bank reconciliation statement?The bank reconciliation statement is an accounting tool to agree the balance as per the cash book with the bank statement balance.
During the process of bank reconciliation, accounting errors are identified and corrected, and discrepancies are reconciled, making the two balances agree.
Transaction Analysis:Cash in bank balance = $13,215.80
Bank statement balance = $19,513.90
Outstanding Checks = $7,070.10
Outstanding Deposits = $3,915.20
Understated check $18 ($42 - $24)
Cash $3,120 Notes Receivable $3,000 Interest Revenue $120
Cash $27 Accounts Payable $27
Bank Charges $21.80 Cash $21.80
Cash in Bank Account (Adjusted)Ending balance $13,215.80
Note Receivable 3,000.00
Interest Revenue 120.00
Accounts Payable 27.00
Bank charges (21.80)
Adjusted cash balance $16,341.00
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I. A clinic encourages its customers to have their bond checked with the claim that one out
of four 60-year-old men need to be supplemented with glucosamine. If this is true, what is
the probability of the following events:
a. Two out of the next eight 60 year-old men need to be supplemented with glucosamine
b. Three out of the next 12 60 year-old men need to be supplemented with glucosamine
Answers
A clinic encourages its customers to have their bond checked with the claim that one out of four 60-year-old men need to be supplemented with glucosamine. If this is true, then the probability of the following events is Two out of the next eight 60 year old men need to be supplemented with glucosamine.
Glucosamine is a naturally occurring compound in the body. It is required for the formation and repair of cartilage as well as other body tissues.
Because glucosamine production slows in age, some people take glucosamine supplements to help them fight aging-related health issues like osteoarthritis. The majority of supplements are made from the shells of marine life, such as prawns and crabs.
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Keep track of everything you purchase for an entire day this week. Make a list of your purchases, price, and total cost of all purchases for that day. Discuss whether the amount surprised you or not.
Answers
Answer:
Explanation:
While making purchases for a day I have to make sure that the things that should be bought must be within the money in my hand.If Iam not able to purchase the preferred things that I like buying with the money in hand, then the best possible solution is to buy the most necessitate things rather than buying things that I wish for.Survival is important than preference.Then I would not be surprised by my budget for the day.
Beverly Mills has decided to lease a hybrid car to save on gasoline expenses and to do her part to help keep the environment clean. The car she selected is available from only one dealer in the local area, but that dealer has several leasing options to accom-modate a variety of driving patterns. All the leases are for 3 years and require no money at the time of signing the lease. The first option has a monthly cost of $330, a total mileage allowance of 36,000 miles (an average of 12,000 miles per year), and a cost of $0.35 per mile for any miles over 36,000. The following table summarizes each of the three lease
options:
(See photos below)
Answers
Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.
Beverly Mills decided to lease a hybrid car to save on gasoline expenses and to do her part to help keep the environment clean. The car she selected is available from only one dealer in the local area, but that dealer has several leasing options to accommodate a variety of driving patterns.All the leases are for 3 years and require no money at the time of signing the lease.
The three lease options available to Beverly Mills are as follows:
Option 1:Monthly cost: $330Total mileage allowance: 36,000 miles (an average of 12,000 miles per year)Cost for any miles over 36,000: $0.35 per mile
Option 2:Monthly cost: $460Total mileage allowance: 45,000 miles (an average of 15,000 miles per year)Cost for any miles over 45,000: $0.45 per mile
Option 3:Monthly cost: $540Total mileage allowance: 60,000 miles (an average of 20,000 miles per year)Cost for any miles over 60,000: $0.55 per mile
Therefore, Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.
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When individuals are looking for jobs but are unable to find work, they are said to be
Answers
Answer:
When individuals are looking for jobs but are unable to find work, they are said to be unemployed.
Explanation:
Unemployed people are people who don't have jobs, are finding one, and are available to work.
Hope this helps :)
Discuss the types of financial statements and their purpose.
Answers
Answer:
They are: (1) balance sheets; (2) income statements; (3) cash flow statements; and (4) statements of shareholders' equity. Balance sheets show what a company owns and what it owes at a fixed point in time. Income statements show how much money a company made and spent over a period of time.
Explanation:
Entrepreneurship is when someone:
a.) does not work for hourly pay, but instead pays themself.
b.) goes into a business partnership with a co-founder.
c.) sets up, founds, or develops a unique business.
d.) looks for ways to make money in unique ways.
Answers
Entrepreneurship is when someone sets up, founds, or develops a unique business. option C is the answer
Who is an Entrepreneur?
An entrepreneur is an individual with a unique idea that s aimed as problem solving.
The person identifies a problem and then create a lasting solution that will bring about opportunities and satisfaction to the people.
An entrepreneur bears the risk that comes from starting or establishing a new business and create opportunity around it.
Therefore, someone who sets up, founds, or develops a unique business is an entrepreneur.
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Workers in Transportation and Logistics careers who believe in the benefits of a union are most likely to work for
local, state, or federal governments.
nonprofit organizations that use unions.
companies that use self-employed contractors.
private companies and businesses.
HELP PLEASE
Answers
Answer:
A.) local, state, or federal governments.
Explanation:
Workers in Transportation and Logistics careers who believe in the benefits of a union are most likely to work for local, state, or federal governments. Thus, option A is correct.
What is Transportation?Transportation, the development of merchandise and people from one spot to another, and the different means by which such development is achieved.
Laborers in Transportation and Logistics vocations who have confidence in the advantages of an association are probably going to work for it. not-for-profit associations that utilize associations.
Laborers in operations vocations who put stock in the advantages of an association are probably going to work for neighborhood, state, or central legislatures.
Union have better work well-being securities and preferred paid leave over non-association laborers, and are safer practicing their freedoms in the workplace.
Therefore, option A is correct.
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Haya operates a car dealership, and she has been working to come up with ways to overcome the incredibly high competition her business faces. There are six other dealerships within a one-mile radius. So far, Haya has thought of doing a car giveaway event, adding extended warranties on every new car that is sold, or running advertisements through the mail. Haya is at which stage of the decision-making process?
Answers
Haya, who operates a car dealership with six other dealerships within a one-mile radius and is thinking of doing a car giveaway event, adding extending warranties, or running advertisements, is at the D. thinking up alternative solutions stage of the decision-making process.
What are the decision-making stages?The decision-making process in which a selection is made from alternative courses of action has about seven stages.
The stages of the decision-making process include:
Identifying the decision issueGathering relevant informationIdentifying the alternativesWeighing the evidence for each alternativeChoosing among the alternativesImplementation of choiceReviewing decision.Answer Options:A. evaluating the solution
B. identifying the problem
C. implementing the solution
D. thinking up alternative solutions
Thus, Haya, who operates a car dealership with six other dealerships within a one-mile radius and is thinking of doing a car giveaway event, adding extending warranties, or running advertisements, is at the D. thinking up alternative solutions stage of the decision-making process.
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Assignment: Create a Marketing Plan
Answers
Your targeted marketing and advertising actions are outlined in a marketing plan for a set time period, often the following 12 months.
The purpose of a marketing planA marketing strategy can assist you in identifying your target market and the advantages your product or service can provide for it. determine how you might entice new clients. Encourage your current clients to keep using your product or service.
What are the five marketing strategies?The five marketing Ps—Product, Pricing, Promotion, Place, and People—serve as a framework for marketing initiatives and help keep marketers focused where they should be.
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leaders/wells-fargo-ceoblames-broken-culture-on-consumer-abuses-during-capitol-hill-testimony. Based on the case, before Scharf took over at Wells Fargo, decision making at the bank was more
Answers
Before Scharf, decision-making at Wells Fargo was characterized by a toxic sales culture, lack of oversight, and a failure to prioritize customer well-being.
Before Charles Scharf took over as CEO of Wells Fargo, decision-making at the bank was characterized by a lack of proper oversight, accountability, and a toxic sales culture that prioritized aggressive cross-selling and meeting sales targets at the expense of customer well-being.
The bank faced a series of scandals and consumer abuses, including the opening of unauthorized accounts and the imposition of unnecessary fees on customers.
Under previous leadership, there was a failure to establish a strong ethical framework and ensure that employees were adequately trained and supervised.
There was a lack of emphasis on compliance and risk management, which allowed unethical practices to go unchecked. Additionally, the bank's decentralized structure contributed to a lack of cohesive oversight and control.
The broken culture at Wells Fargo resulted in severe reputational damage, significant financial penalties, and loss of customer trust.
Scharf, upon assuming the role of CEO, has acknowledged these issues and has been working to address them by implementing measures to change the bank's culture, enhance compliance, and improve risk management.
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fittings for GH$1,000. The useful life of the trademark is estimated to be 100 years. (1 point) ABC Ltd commenced business on 1 September, 2011. He keeps accounts to 31 December each year. The basis period for ABC Ltd for 2013 year of assessment is.. A. GH$4,500 B. GHC6,000 C. GHÇ3,000 )D. GHC3,500 E. 1/9/12 - 31/8/13 F. 1/1/13 - 31/12/13 G. 1/7/12 - 30/6/13 H. 1/6/12 - 31/5/13
Answers
The basis period for ABC Ltd, which commenced business on September 1, 2011, but keeps accounts to December 31 of each year, for the year 2013 year of assessment is F. 1/1/13 - 31/12/13.
What is the basis period?The basis period is the financial year for which a business is assessed for tax.
The basis period of a business follows the normal accounting period of the entity instead of the fiscal year of the taxation authority or the government.
For a business that commenced in 2011, but keeps accounts to December 31, the basis period for the later years agree with the accounting period ending on December 31.
Thus, we can conclude that the correct basis period is Option F.
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Which of these is not an example of good practice when differentiating phonological awareness instruction?
a.
Increasing the intensity of instruction by teaching in smaller group sizes.
b.
Expecting all children to be able to produce rhyming words at the same time of the year.
c.
Increasing the intensity of instruction by giving individual children more opportunities to respond.
d.
Supporting children's understanding of an activity by using visual supports.
Answers
The option that is not an example of good practice when differentiating phonological awareness instruction is (b) Expecting all children to be able to produce rhyming words at the same time of the year.
What is good practice?Recognizing that children learn at various speeds and have varied degrees of preparedness is a key component of good practice in differentiating phonological awareness training. It is unrealistic to anticipate that all kids will develop at the same rate.
Each child's unique requirements and talents are taken into account while differentiating instruction. Therefore, it is inconsistent with the ideas of differentiation to expect all kids to be able to come up with rhymes at the same time of the year.
Therefore the correct option is b.
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Apply any five factors that should be considered when Pick n Pay chooses locations for its Boxer stores in South Africa.
Answers
Five factors that should be considered when Pick n Pay chooses locations are:
population density,income levels,competition,accessibility,infrastructure development.What is the important factors to consider when selecting locations?When selecting locations for Boxer stores in South Africa, Pick n Pay should consider the population density in a particular area. Higher population density typically translates to more potential customers and a larger customer base for the store.
The income levels play a crucial role in determining the purchasing power of the local residents. Areas with higher income levels may be more attractive for Boxer stores as they are likely to have customers who can afford to shop regularly.
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_____ are products that are bought from one country for use in another just as the U.S. buys wood pulp and timber from Canada.
Exports
Tariffs
Tangibles
Countertrades
Imports
Answers
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Arianna is setting up an entertainment system. At this particular home, she needs to hold up a receiver while moving
wires around and reaching for tools. Arianna is using
physical strength and dexterity.
O problem-solving skills.
accuracy and attention to detail.
planning and organization skills.
оооо
Answers
Answer: Physical Strength and Dexterity
Explanation:
I just took the test
Answer:
A. physical strength and dexterity.
Explanation:
You have a credit card bill from ABC Credit for a total of $3,754. Please group the transactions within the appropriate T-Accounts based on the chart of accounts in your resources section. Within that balance the following transactions are listed:
$420 Office Supplies
$334 Auto (company van payment)
$1500 123 Computers to Go
$250 Electric Company
$100 Water
$150 Good Steak House (company luncheon)
$250 ABC Office Supplies
$100 Fuel Stop
$650 Furniture
Answers
Credit card bill from ABC credit have listed a number of expenses made, these needs to be posted according to the relevant accounting heads.
What is Accounting?Accounting is the calculation of cash, in other terms it is the study of debit and credit. The accounting teaches the treatment of different transactions, the transactions are divided in different heads, asset, expense, income, liability and capital.
T Accounts should be made as follows.
Assets
DR $1500 Computers
DR $650 Furniture
DR $334 Van Payment
Expenses
DR $420 Office Supplies
DR $250 Electric Company
DR $100 Water
DR $250 Office Supplies
Petty Expenses
DR $150 Steak House
DR $100 Fuel Stop
The expenses are distributed among the heads that they are relevant to, petty expenses only contains the payment for expenses that are immaterial in nature and amount, Asset account have the payments made for assets.
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"One of the best methods of developing an economy is to expand local
markets so that the local community has access to all the markets.'
Based on the statement above, explain what local govemment needs to do to
expand local markets,
(2/2) (4
Answers
Answer:
This kinda hard
Explanation:
I can’t do it
Which factor would influence the premiums of health insurance?
Building size
Deductible
Elimination period
Profession
Answers
Answer:
Deductible
Explanation
The correct option is B. Plan category, the plan covers dependents, and deductibility is the factor that influences the premiums of health insurance.
What is Health Insurance?Medical and health-related costs are covered by a specific type of insurance called health insurance. Routine care, emergency care, and treatment for long-term illnesses are all partially or fully covered by health insurance.
Thus, there are many other factors that influence the health insurance premiums such as age, smoking status, region, type of plan, and if dependents are covered by the policy.
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Provide a brief outline of how you contrast the perception of Dr Ajiri and Dr Oputa concerning what constitutes a better management or leadership approach. (10 marks)
Answers
When compared to Dr. Oputa, Dr. Ajiri is seen as having The way in which managers exert their authority and see to it that their goals are met in the workplace is known as their management or leadership style.
Which of management and leadership differs most significantly?Controlling a team or a collection of people or things helps management achieve its objectives. In order for an organization to succeed, a person must have the ability to motivate, influence, and inspire others. This is known as leadership. Power and control do not distinguish between leaders and managers; rather, influence and inspiration do.
Which two leadership philosophies predominate?The study of leadership has three main methods or schools of thought. The psychological or trait approach, the contextual or contingency approach, and behavioral approach come next.
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Unrealized holding gains and losses on debt securities classified as available-for-sale would have the following effects on accumulated other comprehensive income: Gains Losses a. Increase Increase b. Decrease Decrease c. Decrease Increase d. Increase Decrease
Answers
Answer: d. Increase Decrease
Explanation:
Available - For - Sale securities are accounted for in the Equity section of the balance sheet under Other Comprehensive income (OCI). As the gains cannot be realised until the security is sold, it is accounted for here to show an increase or a decrease in value. When the security gains in value over what it cost, this will increase OCI and when it losses value below what it cost, this will reduce the OCI.
money is what money does discuss
Answers
Answer:
Money is a concept which we all understand but which is difficult to define in exact terms. Money is anything serving as a medium of exchange. Most definitions of money take 'functions of money' as their starting point. 'Money is that which money does.
Money is what money does" is just a misnomer phrase
Money is legal tender and anything generally acceptable as medium of exchange.
Suppose you are the manager of a company and must decide whether to outsource your Human Resources department.
Based on the information above, please outline arguments supporting and opposing a decision to outsource this function of your business. Use the IRAC method to outline your argument
Answers
IRAC method is used in outsource the human resource department for the company, as it helps the company to understand the types of employees they needs with the issue, rule, analyze and go to conclusion with the hiring the human resource department.
What is meant by human resource department?Human resource department is the department in the organization that facilitates the company to employee the best and suitable candidate for the vacancy.
They take the interview before finalizing the candidate and check the capability of the candidate and evaluate the skills according to the demand of company.
Thus,IRAC method is used in outsource the human resource department for the company.
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NEED HELP ASAP 100 pts What is represented by the point where P1 and Q1 intersect?
Production point where total costs are maximized
Production point where total costs are minimized
Profit-maximizing price and output levels
Profit-minimizing price and output levels
Answers
Profit-maximizing price and output levels are represented by the point where P1 and Q1 intersect.
According, to the question, the point P1 represents the total Cost Curve and Q2 represents total revenue curve.
At the intersection of its total cost curve and total revenue curve, a perfectly competitive business maximizes its earnings.
Hence, the answer is option C. Profit-maximizing price and output levels.
greatest way to define business?A company or inventive entity engaging in commercial, industrial, or professional activity is referred to as a business. Companies can be for-profit or nonprofit enterprises. Limited liability companies, sole proprietorships, corporations, and partnerships are all different sorts of businesses.
"Business definition idea" mean?Business is an economic activity that involves the exchange, acquisition, sale, or creation of products and services with the goal of making a profit and meeting client demands. Companies can be for-profit or nonprofit entities that work to make money or advance a social cause.
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Sean is a wholesaler who buys goods in bulk from a manufacturer. The manufacturer offers Sean a discount on these purchases. What likely prompted the manufacturer to give Sean this discount? A. to promote goodwill B. to encourage early payment C. to advertise a product D. to reduce transportation expenses E. to establish tax benefits
Answers
Answer:
A. to promote goodwill.
Explanation:
The most likely reason for the manufacturer to give Sean a discount on bulk purchases is to promote goodwill. By offering discounts, the manufacturer aims to establish a positive relationship with Sean as a loyal customer and encourage future business transactions. This practice helps maintain customer satisfaction and loyalty, which can benefit both parties in the long run.
Therefore, the correct answer is A. to promote goodwill.
Karrie would like to draw attention to some short statements in her document.
What is the best way to draw the readers deeper into the text?
insert pull quotes
change the text color
use a large font
highlight the text
THE CORRECT ANSWER IS A: INSERT PULL QUOTES
Answers
Karrie wants to call attention to a few brief assertions in her document. The best way to draw the readers deeper into the text is by inserting pull quotes. Hence, Option A is correct.
What are pull quotes?Pull quotes are composed of text that is taken from the original text, reproduced, and presented as a visually arresting feature on the page.
Pull quotes are condensed passages from the text that is being read. They are employed to interrupt the reader's flow and give a text passage a more prominent place in the post or article.
Therefore, Option A is correct.
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Jacqul makes $35 an hour working as an accounting assistant. She works 40 hours each month.
Answers
Answer:
35x40=1,400
Explanation:
jacqul will make 1,400 dollars per month or 16,800 a year
Answer:
9800
Explanation:
35x40=1400
1400x7=9800