Before the year began, Mitchell Manufacturing estimated that manufacturing overhead for the year would be $175,500 and that 13,000 direct labor hours would be worked. Actual results for the year included the following: Actual manufacturing overhead cost $184,000 Actual direct labor hours 14,500 The amount of manufacturing overhead allocated for the year based on direct labor hours would have been: a. $179,750. b. $195,750. c. $175,500. d. $184,000.
Answers
Answer:
B, 195750
Explanation:
Let's first figure out the manufacturing overhead per direct labor hour
175500/13000= 13.5
So we allocate 13.5 in manufacturing overhead per direct labor hour
Let's the mulitply this by the number of actual direct labor hours
14500*13.5=195750
Related Questions
What are some of the reasons why domestic policies change overtime?
Answers
Answer:
They changed as the USA entered the war.
Explanation:
American and domestic foreign policy during World
War 2 were linked in that once America entered the
war it had a significant impact on its economy.
When we say during World War 2 we must remember
that the USA did not enter the war until December
1941 after the attack on Pearl Harbour. Even then
there was no guarantee that they would become
involved in a war in Europe. It was Hitler who
declared war on the USA.
Prior to that American domestic politics
were dominated by the arguments between
interventionism and isolationism. President Roosevelt
had to tread a fine path in providing limited support to
the UK whilst being careful not to turn public opinion even more against involvement in a war thousands of miles away.
Japan's failure to deliver a knockout blow at Pearl Harbour meant that the US economy, on a war footing, was powerful enough to produce military hardware on a scale not seen before which would lead to victory in 1945 and the USA emerging as the most powerful country in the world.
Domestic policies change over time mainly due to changing societal values, economic conditions, and political influences. Society's evolving nature, economic developments, and shifts in political power greatly influence such changes.
Explanation:Domestic policies change over time due to a variety of reasons. The primary ones include changing societal values, economic conditions, and political influences. For instance, societal values evolve over time, which may either necessitate new policies or changes in existing ones to address contemporary issues. Economic conditions may influence policy changes for enhancing economic stability and growth. Changing political influences also play a significant role as different political parties with contrasting priorities and approaches to governance come to power.
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Revise the following sentences to avoid confusing jargon, slang, and wordings.
1. If you refer back to our five year plan, you will see that there are provisions for preventing blowing the budget.
Answers
The revised sentence is "If you review our five-year plan, you will notice that there are measures in place to prevent exceeding the budget.
Why is revision of sentences important?Sentence revision is important because it ensures clarity and effective communication.
By avoiding confusing jargon, slang, and wordings, revised sentences are easier to understand by a wider audience.
Clear and concise language helps convey ideas accurately and reduces the risk of misinterpretation or confusion.
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The Town of Quincy’s fiscal year ends on June 30. The following data relate to the property tax levy for the fiscal year ended June 30, 2012. Prepare journal entries for each of the dates as indicated.
a. The balance in deferred property tax revenue was $182,000 at the end of the previous year. This was recognized as revenue in the current year in a reversing journal entry.
b. On July 1, 2011, property taxes in the amount of $10,000,000 were levied. It was estimated that 3 percent would be uncollectible. The property taxes were intended to finance the expenditures for the year ended June 30, 2012.
c. October 31, $4,600,000 in property taxes were collected.
d. December 31, $4,800,000 in additional property taxes were collected.
e. Receivables totaling $12,000 were deemed to be uncollectible and written off.
f. On June 30, $175,000, was transferred from Revenues Control to Deferred Revenues, because it was not expected to be collected within 60 days.
Answers
The Town of Quincy’s fiscal year ends on June 30. Prepare journal entries for each of the dates as indicated.
a. Reversing entry to recognize deferred property tax revenue:
Deferred Property Tax Revenue $182,000
Property Tax Revenue $182,000
b. Entry to record property taxes levied:
Property Tax Receivable $9,700,000
Allowance for Uncollectible Taxes $300,000
Property Tax Revenue $10,000,000
c. Entry to record property taxes:
Cash $4,600,000
Property Tax Receivable $4,600,000
d. Entry to record property taxes collected on December 31:
Cash $4,800,000
Property Tax Receivable $4,800,000
e. Entry to write off uncollectible receivables:
Allowance for Uncollectible Taxes $12,000
Property Tax Receivable $12,000
f. Entry to transfer uncollected taxes to deferred revenues:
Revenues Control $175,000
Deferred Revenues $175,000
As a result, the significance of the Town of Quincy’s fiscal year ends on June 30 are the aforementioned.
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the economist a.w. phillips published a famous article in 1958 in which he showed a group of answer choices negative correlation between the rate of unemployment and the rate of interest. positive correlation between the rate of unemployment and the rate of interest negative correlation between the rate of unemployment and the rate of inflation. positive correlation between the rate of unemployment and the rate of inflation. next
Answers
The Economist A.W. Phillips published a famous article in 1958 in which he showed a negative correlation between the rate of unemployment and the rate of inflation.
The Phillips curve is considered to be an economic model, which is said to be named after William Phillips and it tends to hypothesize a correlation between reduction in unemployment and the rate of inflation.
The Phillips curve appears to have declined as there has been a controversy over the usefulness of the Phillips curve which is in predicting the inflation. Thus, here the negative correlation is shown.
Hence, the Phillips curve tend to remain as the primary framework for understanding and forecasting inflation.
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Producing goods and services and paying taxes are two ways that businesses:
Answers
Producing goods and services and paying taxes are two ways that business: benefit society.
What is taxation?Taxation can be defined as the involuntary fees that are levied on individuals or business firms by the government of a particular country, so as to generate revenues that can be used to fund public projects, institutions and activities.
The types of tax.In Economics, there are different types of tax levied on individuals or business firms by the government, and these include the following:
Sales taxProperty taxIncome taxIn this context, we can infer and logically deduce that the two ways through which business firms benefit society are by producing goods and services and paying taxes to the government.
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If you were Marshall’s manager how might you increase Marshall’s awareness of the negative impact he is having on his team?
Answers
As Marshall's manager, I would increase his awareness of the negative impact he is having on his team by providing specific and constructive feedback on his behavior and its consequences. This would involve having open and honest conversations with Marshall, highlighting examples of how his actions are affecting team morale, productivity, and collaboration.
In order to effectively address Marshall's negative impact on his team, it is important to approach the situation with clarity and professionalism. By providing specific examples of incidents where Marshall's behavior has caused harm, I can help him understand the direct consequences of his actions. This feedback should be delivered in a constructive manner, focusing on the behaviors rather than attacking his character.
By emphasizing the impact on team dynamics, performance, and overall work environment, Marshall can begin to see the need for change. Additionally, it would be beneficial to discuss alternative approaches and provide guidance on how he can improve his interactions with the team. Ongoing feedback and support from me as his manager can help Marshall recognize the negative impact he is having and encourage him to take steps towards positive change.
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When companies compete in a market economy, what is usually the result?
a)Consumers are able to buy goods for the best available price.
b)People pay much higher prices for goods.
c)There are frequent shortages of goods on the market.
d)Producers refuse to sell some of their products.
Answers
When companies compete in a market economy, consumers are able to buy goods for the best available price.
What is market economy?Market economy is a system of economy where supply and demand are involved in directing production.
These production includes goods and services and it is controlled by a central authority such as government agency.
Therefore, when companies compete in a market economy, consumers are able to buy goods for the best available price.
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It Isn't necessary to consider convenlence Issues when selecting a bank.
O True
O False
Answers
I need a an idea of followership introduction help me!
Answers
Followership refers to the role, behavior, and actions of individuals who are not in a leadership position, but rather, they support and collaborate with their leaders to achieve shared goals. Followership is an essential aspect of organizational success, as it complements leadership and fosters a harmonious work environment.
Effective followers exhibit characteristics such as being proactive, taking responsibility, and engaging in open communication with their leaders. They also possess the ability to think critically and provide valuable feedback for the betterment of the team. By embracing the principles of followership, individuals contribute positively to the overall performance and morale of the organization.
It is important to note that followership does not imply blind obedience or passivity. Instead, it involves active engagement and collaboration with leaders to achieve common objectives. In this dynamic relationship, leaders and followers must work together, learn from each other, and adapt to changing circumstances.
In conclusion, followership is a vital component of successful organizations and plays a significant role in accomplishing shared goals. By cultivating strong followership skills, individuals can effectively support their leaders, enhance team performance, and contribute to the growth and success of the organization.
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Case Study Questions
In your opinion, what role did the Independence Day declaration have on the motivation of the people working at ISRO? Would the prior admission of the ISRO chairman in 2008 of a Mars mission have had any effect?
Evaluate the SMARTness of the objectives for the Mars Orbiter Mission. Analyse the decision taken by the chairman of ISRO to use the PSLV instead of the GSLV, in the context of being attainable vs. being challenging.
Discuss the role of the preparatory studies conducted for the Mars mission. What role did the success of the prior mission Chandrayaan-I have on the execution and planning for this mission?
What peripheral political advantage could India have envisaged for Mangalyaan? Would the mission have been conceived had the prior ISRO chairman been at the helm? Why or why not?
Answers
The Mangalyaan mission was subject to quite a bit of criticism, among them being the previous ISRO chairman, Dr Nair, who was of the opinion that ISRO should have focused on GSLV which would allow India to put up a stronger mission to Mars, due to the higher payload capacity of the GSLV.
Further, this could have augmented future space efforts by India. Near the culmination of the project however, all critics were full of praise for the scientific community of India. E.V. Chitnis, a scientist on the team that launched India's first rocket, asserted that critics had not accounted for the strides made by the country's space program and the ensuing economic benefits by demonstrating interplanetary capability.
ISRO's commercial arm, Antrix, has been putting satellites into orbit profitably, and a demonstration of the capability for interplanetary programs can only augment this.
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You can earn 3% interest on a CD and 1.25% interest on a savings account.
How much more interest will the CD earn for one year if you make a deposit of
$1,650?
Financial Lit, please help!!
Answers
Answer:
The CD will earn $49.50 more interest than the savings account for one year if you make a deposit of $1,650.
You work in a company that has begun selling annual subscriptions to its new online magazine. During December, the company sold the first subscriptions, receiving $600,000, which represents one-fifth of its revenues from all sources for the year. The entire amount has been collected in cash. As the end of the the year approaches, you notice that the company recorded the entire $600,000 to revenue and there is no plan to make an adjusting entry.
Draft a memo around two paragraphs in length to your supervisor, which explains the following:
The accounting error that has been made
The effect this error will have on the financial statements dated at the end of December
The problems that might result
The importance of fixing the error and what needs to be done to fix the error
Make sure to include proper grammar, spelling, etc.
Answers
The memo will indicate the accounting error that has been made and its effect on the financial statements.
The amount of $600,000 collected from the sale of the annual subscription to the new online magazine is the amount that was collected for the upcoming period of 12 months which will start by December of the current year.
Only $50000 of the amount will be recorded for the year. The related services for the remaining eleven months will then be $550000 and this should be reported as the unearned revenue.
The effect of the error is that there'll be an overstating of the net income or the current period by an amount of $550000 and there'll also be an understatement of the current liabilities by $550000.
In conclusion, the error needs to be fixed by debiting the revenue by $550000 and then crediting the unearned revenue by $550000.
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What other information do i need to help me make a career decision?
Answers
Answer:
How to make a decision
Here are some steps you can take to help you make a decision that involves your career:
Identify and investigate the decision.
Set aside time to think.
Consider your options.
Remember your values.
Ask for a different perspective.
Evaluate your plan.
Explanation:
Two individuals A and B have to simultaneously decide how
much effort to exert in a partnership. If denotes the effort of A
and that of B, the value generated for each partner from the
partnership is. The cost of effort for A is and the cost of effort
for B is .
a) Write down the payoff functions for the two players and,
explaining your reasoning, derive their reaction functions.
Remember to include all your working and describe what a
reaction function is. Using words and mathematics, explain
whether this a game of positive or negative externalities.
Using words and mathematics, explain whether this game
exhibits strategic substitutes or strategic complements.
Answers
Answer:
a
Explanation:
it's answer a that's really the right answer
During civil lawsuit, proceedings regarding alcohol, service courts will try to determine if the
Answers
During civil lawsuit proceedings regarding alcohol service, courts will try to determine if the designated driver was present and remained sober.
How do courts determine the presence and sobriety?During civil lawsuit proceedings involving alcohol service, courts aim to establish whether a designated driver was present and this determination is crucial in cases where establishments or individuals are being held accountable for over-serving alcohol to a patron who later caused harm or injury due to impaired driving.
The court may consider various forms of evidence such as witness testimonies, surveillance footage, receipts indicating non-alcoholic purchases or the designated driver's own account of their sobriety. It court may evaluate the credibility and reliability of the designated driver's actions and statements throughout the relevant time period.
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If a nation's economy is based primarily on businesses that produce goods rather than services, what would you expect to be true about the goods you buy?
A. Imported goods may cost less than domestic goods.
B. Domestic goods may not have the same quality as imported goods.
C. Imported goods may cost more than domestic goods.
D. Domestic goods may be less expensive in foreign markets.
Answers
You expect to be true about goods you buy is imported goods may cost more than the domestic goods.
What are imported goods?Imported goods are products and services that are brought into a country from another country for the purpose of trade or consumption. These goods can include raw materials, finished goods, machinery, technology, and even skilled labor. The importation of goods is a critical aspect of international trade, as it enables countries to access products and services that may not be available locally or that may be available at a lower cost. In addition, imported goods often provide consumers with greater choice and variety, which can help to stimulate demand and competition in local markets. However, the importation of goods can also have negative effects on local industries and jobs, as imported goods may be cheaper and more competitive than locally-produced goods.
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Which of the following is true about non- profits
A. Owners keep the profit
B. No money is made
C. Profits are put back into the business
D. Profits go to the public
Answers
Knowing your audience: Find an example of when a company or business did not listen to its customers. Investigate the case and explain it.
Answers
Answer:
E.g., Nokia did...
Customers made it clear to them that neither Windows phone nor Symbian will get anywhere near Android or iOS.
They resisted, ignored. They just flat out wanted the customers to adapt to their OS rather the other way around due to the absolute authority in the mobile phone market share.
As with any business which doesn't evolve as per the customer demands, the end was inevitable, and it was just a matter of time.
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The production of 0d submarines and 0a hospitals..
A) Increases the available resources
b) is productively efficient given the available resources
c) is productively impossible given the available resources
d) is productively ineffient given the available resources.
Answers
The production of 0d submarines and 0a hospitals is productively in effient given the available resources. The answer is OPTION D.
When a company isn't producing at its lowest possible cost per unit, it exhibits inefficient production. The average cost of production, or unit cost, is calculated by dividing all production costs by the quantity of units produced. An economy might produce a lot of boots with low manufacturing costs.
If they were all for the left foot, it would be allocatively inefficient because no one would profit from this. When a different resource allocation may boost output of any good by even one unit while maintaining the same level of other products, that resource allocation may be deemed inefficient.
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Which part of the result block should you evaluate to determine the Needs Met rating for that result?
True False
You always need to evaluate both the block and the landing page.
True
False
For a Special Content Result Block, you only need to evaluate the content inside the block and nothing else.
O True
False
For a Web Search Result Block, in most cases you should evaluate just the content inside the block.
O True
False
For a Special Content Result Block, evaluate the content inside the block. You may also need to evaluate the landing page as well in some cases.
Answers
You always need to evaluate both the block and the landing page. It is False
For a Special Content Result Block, you only need to evaluate the content inside the block and nothing else. It is True
For a Web Search Result Block, in most cases you should evaluate just the content inside the block. It is True
For a Special Content Result Block, evaluate the content inside the block. You may also need to evaluate the landing page as well in some cases. It is True
How to Know if the Needs met for the resultThe answer is False because while it is important to evaluate both the block and the landing page in some cases, it is not always necessary to do so, depending on the type of search result and the specific evaluation criteria being used.
For a Special Content Result Block, there is always need to evaluate both the content inside the block and the landing page to know the Needs Met rating for that result, depending on the specific evaluation criteria being used.
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f I caught an employee stealing supplies worth any amount, I would report it to management. Not only is stealing morally wrong, but it's important to be able to trust the people you work with. An employee stealing is a sign of that person not being trust-worthy, and if I did not report it then not only would I be somewhat responsible, but also privy to whatever consequences come about when or if that person were to get caught and reprimanded.
I think there's a difference between a person intentionally stealing supplies versus accidentally taking something home with them. That being said, I don't think it would be worth the cost of training if the training were specifically geared toward low-cost theft. There are numerous trainings out there that cover theft, and they mention the low-cost items in them as well. This type of training would be more beneficial than a training specifically geared toward low-cost theft.
Answers
You answered your own quistion =-)
Conducting a search of the store is part of store closing duties.Why?
Answers
Searching for the store is one of the store closing duties so no work or the detailing of the extra work to be done is being overlooked.
What are the Store closing duties?Store closing duties are one of the most important duties which is a must and also needs to be followed the most important thing regarding the store closing duties are to in an organized manner to close down the hops and also to move on freely for over some time.
The Store closing duties include a lot of things including the most important and also the only way of carefully carrying out the most essential form of few steps that to look after the shops, the customers as well as the way a sho needs to close before anything else.
Store closing duties are also carried out very carefully and it is the most important responsibility of the store owners.
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an entrepreneur worked in a certain industry for 8 years to generate the business idea to start his own enterprise the entrepreneur used his own
Answers
An entrepreneur utilized his own experience to develop the business concept to launch his own company after working in a certain field for 8 years.
Contrary to an entrepreneur who establishes a business from scratch, who starts a business using an idea or concept that already exists?An entrepreneur is a person who creates a business from an existing idea and sells goods and services to customers. Entrepreneur is a term used to describe a person who starts a company with a fresh idea or concept and engages in commercial activities.
What actions would a business owner that is actively seeking new possibilities take?Entrepreneurship is the activity of a person who is continually looking for new things and converting those ideas into lucrative prospects by accepting risk and uncertainty in the business.
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The complete question is:
An entrepreneur worked in a certain industry for 8 years to generate the business idea to start his own enterprise the entrepreneur used his own _______
At December 31, MediMark Precision Instruments owes $ 56,000 on Accounts Payable, Salaries Payable of $ 18,000, and Income Tax Payable of $ 6,000. MediMark also has $ 290,000 of Bonds Payable that were issued at face value that require payment of a $ 40,000 installment next year and the remainder in later years. The bonds payable require an annual interest payment of $ 3,000, and MediMark still owes this interest for the current year. Report MediMark's liabilities on its classified balance sheet on December 31, 2018.
Answers
Answer:
Total Liabilities $ 373,000
Explanation:
MediMark Precision Instruments
Classified Balance Sheet
December 31, 2018
Liabilities:
Current Liabilities
Accounts Payable $ 56,000
Salaries Payable $ 18,000
Income Tax Payable $ 6,000
Bonds Payable $ 40,000
Interest Payable $ 3,000
Total Current Liabilities $ 123,000
Long term Liabilities
Long term Bonds Payable $ 250,000
Total Liabilities $ 373,000
Total Bonds Payable $ 290,000
Current Bonds Payable ( within a year) $ 40,000
Long term Bond Payable $ 250,000
Current liabilities are those which are payable within the current accounting period or a within a year.
Answer:
$373,000
Explanation:
MediMark Precision Instruments Balance Sheet (Partial)
31-Dec-18
Liabilities
Current liabilities:
Accounts payable $56,000
Salaries payable $18,000
Income tax payable $6,000
Current bonds payable $40,000
Interest payable $3,000
Total current liabilities $123,000
Long term debts:
Bonds payable (long term) $250,000
Total long term debts $250,000
Total Liabilities $373,000
($250,000 +$123,000)
Long term bonds payable
= Bonds payable - Current bonds payable
$290,000 - $40,000
= $250,000
This program consists of three lottery-funded scholarships for Florida high school graduates who demonstrate high academic achievement and enroll in eligible Florida public or private postsecondary institutions.
Financial Aid
Florida Pre-Paid College Plan
College Board
Bright Futures Scholarship
Answers
Answer: Bright Future Scholarship
Explanation:
since it’s for only Florida schools this can be the only answer.
Answer:
bright future
Explanation:
Took the test and got it right
PLEASE HELP!
Agnes and Sons had ordered 11,500 machine parts. The cost of the parts was $48,000.00. Find the cost
of each part to the nearest whole cent?
Answers
Answer:
$4.2 per part
Explanation:
11,500 machine parts were ordered
Total cost of the parts was $48,000.00
the cost per part will be total cost divided by the number of parts
i.e., cost per part = total costs/ number of parts
Cost per part =$48,000 / 11,500
Cost per part =$4.17
=$4.2 per part
On July 1, Hartford Construction purchases a bulldozer for $228,000. The equipment has a 9-year life with a residual value of $16,000. Hartford uses the units-of-output method depreciation, and the bulldozer is expected to yield 26,500 operating hours.
Required:
(a) Calculate the depreciation expense per hour of operation.
(b) The bulldozer is operated 1,250 hours in the first year, 2,755 hours in the second year, and 1,225 hours in the third year of operations. Journalize the depreciation expense for each year.
Answers
Answer:
a. Depreciation expense per hour:
= (Cost - salvage value) / Expected operating hours
= (228,000 - 16,000) / 26,500
= $8 per hour
b. First year depreciation: Second year depreciation:
= 1,250 * 8 = 2,755 * 8
= $10,000 = $22,040
Third year depreciation:
= 1,225 * 8
= $9,800
Journal entries
Date Account Title Debit Credit
June 30, Year 1 Depreciation $10,000
Accumulated Depreciation $10,000
Date Account Title Debit Credit
June 30, Year 2 Depreciation $22,040
Accumulated Depreciation $22,040
Date Account Title Debit Credit
June 30, Year 3 Depreciation $9,800
Accumulated Depreciation $9,800
What is the first thing people should do when creating a budget?
A. Record everything that they spend and what they spend it on
B. Cut spending in every category of expenditures drastically
OC. Put every extra dollar towards paying off their debts
D. Hire an accountant or financial planner to take care of it
it’s A
Answers
When creating a budget people should Record everything that they spend and what they spend it on. The appropriate response is option A.
What is a budget ?A budget is an estimate of income and expenditures for a given future period of time, and it is often created and updated on a regular basis. A individual, a group of people, a corporation, a government, or pretty much anything else that makes and spends money can all have budgets.
Budgeting is essential if you want to control your monthly spending, be ready for life's unforeseen events, not falling into debt. Monitoring your income and expenses is a crucial component of budgeting.
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Explain project teams
Answers
Answer:
A project team is a team whose members usually[quantify] belong to different groups, have different functions and are assigned by the project manager to activities for the same project. A team can be divided[by whom?] into sub-teams according to need. Usually project teams are only used[by whom?] for a defined period of time. They are disbanded[by whom?] after the project is deemed[by whom?] complete. Due to the nature of the specific formation and disbandment, project teams are usually in organizations.
Explanation:
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How does international business impact the U.S. economy?
Answers
Answer: International trade lowers the cost and increases the variety of U.S. consumer purchases, benefits U.S. workers who make exports and those who rely on imports as key inputs, and helps fuel innovation, competition, and economic growth. The United States is the world's largest economy and the largest exporter and importer of goods and services. Trade is critical to America's prosperity - fueling economic growth, supporting good jobs at home, raising living standards and helping Americans provide for their families with affordable goods and services. Countries that are open to international trade tend to grow faster, innovate, improve productivity and provide higher income and more opportunities to their people. Open trade also benefits lower-income households by offering consumers more affordable goods and services.