Answer:
Underapplied overhead= $20,000
Explanation:
Giving the following information:
Estimated Actual
Direct Labor Hours: 600,000 550,000
Manufacturing Overhead Estimated $720,000 $680,000
I assume that we need to calculate the over/under applied overhead.
First, we need to determine the predetermined overhead rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 720,000/600,000
Predetermined manufacturing overhead rate= $1.2 per direct labor hour
Now, we apply overhead based on actual hours:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 1.2*550,000
Allocated MOH= $660,000
Finally, the under/over applied overhead:
Under/over applied overhead= real overhead - allocated overhead
Under/over applied overhead= 680,000 - 660,000
Underapplied overhead= $20,000
Answer:
maximum profit = 10500
Explanation:
The newsvendor model is a statistical model used to manage inventory and determine the appropriate amount of inventory. So first of all we determine the optimal inventory level then we use it to find maximum profit. In order to determine optimal inventory level we first have to find possible variability in demand, for that we use the critical fractile formula which is as follows:
f= cu/cu+co
cu= underage cost = price - cost = $25 -$10 = $15
co= overage cost = cost - salvage value = $10 -$5 = $5
f= 15/15+5
f= 0.75
If we look at the standard normal cumulative distribution table 0.75 is equal to z= 0.67.
Q = Mean+ (z* standard deviation)
Optimal inventory = 500 + (0.67* 300)
Optimal inventory = 701 units
WE ROUND OFF THE UNITS TO 700.
Now we calculate maximum profit as follows:
maximum profit = contribution * Q
maximum profit = ($25 - $10) * 700
maximum profit = 10500
Answer:
6
Explanation:
Find the percentage for 24% of 25.
That's how I did mine.
Answer:
UR FACE
Explanation:
magic
Answer:
Explanation:
Bank Reconciliation: The bank reconciliation deals with the bank statement balance and the cash statement balance. The motive is to compare these two statements so that the organization can run in the smoothly manner.
There are various transactions due to which the bank statement balance and the cash statement balance do not match. To match these statements, we adjust the transactions accordingly.
The outstanding deposits is computed below:
= Company cash receipts - bank deposited
= $74,640 - $71,375
= $3,265
And, the outstanding checks is computed below:
= Company written checks - Processed by bank
= $72,515 - $71,270
= $1,245
The preparation of the bank reconciliation statement on October 31, 2015 for Damon Company's is presented in the spreadsheet. Kindly find the attachment below:
Answer:
$2069
Explanation:
Given
Applied overhead costs of Goods sold = $59,300
Applied overhead cost of finished goods = $38,000
Overhead Balance = $97,300
Overhead Cost = $92,000
Overapplied Overhead = Overhead Balance - Overhead Cost
Overapplied Overhead = $97,300 - $92,000
Overapplied Overhead = $5,300
Allocated Amount = (Applied Overhead * Finished Goods /(Overapplied Overhead)
Allocated Amount = ($5,300 * $38,000) ($59,300 + $38,000)
Allocated Amount = ($5,300 * 38,000) (97,300)
Allocated Amount = $2069
Answer:
The over applied overhead which is allocated to finished goods inventory is $ 1,488.54
Explanation:
Determination of over or under applied overhead
Applied Manufacturing overhead $ 97,300
Actual factory overhead incurred $ 92,000
Overapplied manufacturing overhead $ 5,300
Allocation of over applied overhead is on basis of values in Cost of goods sold and Finished goods inventory.
Cost of goods Sold $ 59,300
Finished Goods inventory $ 38,000
Sum of COGS and Inventory $ 97.300
Over applied Overhead $ 5,300
Allocation Finished Goods inventory
$38,000/ $ 97,300 * $ 5,300 = $ 1,488,54
Allocation Cost of Goods sold
$ 59.300/ $ 97,300 * $ 5,300 = $ 3.811.46
Desired inventory (units), August 31 9,000
Expected sales volume (units), August 75,000
For each unit produced, the direct materials requirements are as follows:
Material A ($5 per lb.) 3.0 lbs.
Material B ($18 per lb.) 0.5 lb.
The total direct materials purchases (assuming no beginning or ending inventory of material) of Materials A and B required for August production is ______.
a.$1,170,000 for A; $702,000 for B
b.$1,080,000 for A; $1,296,000 for B
c.$1,080,000 for A; $648,000 for B
d.$1,125,000 for A; $675,000 for B
Answer:
c.$1,080,000 for A; $648,000 for B
Explanation:
For computing the total direct material purchase first we have to find out the production units which are shown below:
As we know that
Production units = Ending inventory units + sales units - beginning inventory units
= 9,000 units + 75,000 units - 12,000 units
= 72,000 units
Now the total direct material purchase for Material A and Material B is
For Material A
= 72,000 units × 3 lbs × $5 per lb
= $1,080,000
For Material B
= 72,000 units × 0.5 lbs × $18 per lb
= $648,000
Therefore, the third option is correct
B. Write quickly without over thinking
C. Write in phrases, not in sentences
D. Look for mistakes in subject-verb agreement
Write quickly without over thinking is the most important thing to remember when writing a draft.
Thus, the correct option is B.
An initial version of a piece of writing or written document that is frequently reviewed before verification is referred to as a "draft."
A written order of payment from one party (the drawer) to another (the drawee) instructing them to pay a specific amount to a third party (the payee) on or before a specific date is an example.
You can rethink and rewrite your thoughts after you draft them by putting them on paper. You will be able to determine where further information and supporting proof are needed by doing this.
It will also help you determine whether the concepts you are providing appear logical and whether your argument is clear.
The full paper will be sent along with the final draft. Your writing ought to appear polished by the time you complete the final draft. Grammar and spelling mistakes, fragmented sentences, weak or nonexistent paragraph transitions, and other first draft flaws should all be eliminated.
Learn more about draft, here
#SPJ2
Answer:
B. Write quickly without over thinking
Explanation:
(APEX)
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