Mikan Company’s standard predetermined overhead rate is $9 per direct labor hour. For the month of June, 26,000 actual hours were worked, and 27,000 standard hours were allowed. How much overhead was applied? Overhead applied

Answers

Answer 1

Answer:

Allocated MOH= $234,000

Explanation:

Giving the following information:

Predetermined overhead rate= $9 per direct labor hour.

Actual direct labor hours= 26,000

To allocate manufacturing overhead, we need to use the following formula:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 9*26,000

Allocated MOH= $234,000


Related Questions

You are considering the following two mutually exclusive projects that will not be repeated. The required rate of return is 11.25% for project A and 10.75% for project B. Which project should you accept and why?
a. project A; because its NPV is about $335 more than the NPV of project B.
b. project A; because it has the higher required rate of return.
c. project B; because it has the largest total cash inflow.
d. project B; because it returns all its cash flows within two years.
e. project B; because it is the largest sized project.

Answers

Answer:

a. project A; because its NPV is about $335 more than the NPV of project B.

Explanation:

As in the question it is mentioned that the required rate of return for project A and project B is 11.25% and 10.75% respectively.

Here we have to determined the net present value for both projects having different required rate of return

So based on the net present value the first option is correct as the project A is more than the project B

Therefore the first option should be accepted

Which of the following financial institutions is a not-for-profit organization?

Commercial Bank
Commercial Bank

Credit Union
Credit Union

Savings and Loan
Savings and Loan

All of the these are correct since financial institutions do not make profits

Answers

Answer:

Credit Union

Explanation:

A not for profit organization means the organization whose main goal is not to make the profit. Here the main goal is to provide the services for a particular services or to give the benefit to the people.

Like the financial services give to the members of the credit union

Therefore as per the given options, the second option is correct

Credit Union is a financial institution that is not for profit organization.

Credit union functions to serve the members by offering the products at affordable rates and fees. The credit union changes the interest fees into products it offers in this way the credit union is not for profit organization. Other financial institutions like commercial bank, savings and loan, banks give these profits to its shareholders.

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On average most companies aim for? Inventory turns per year.

Answers

Answer:

Most companies aim for a turnover ratio between six and 12, according to BusinessKnowHow. Turning inventory too many times means a company misses out on potential sales because it does not keep enough product in stock

Answer:

I'm reading all about it and in the book, it says Most companies aim for 5 or 6 inventory turns per year.

Explanation:

You plan to save $390 per month starting today for the next 48 years “Just to start the month off right." You feel that you can earn an interest rate of 9.5 percent compounded monthly. How much will there be in the account 48 years from today?

Answers

The amount that would be in the account in 48 years would be $4,585,341.86.

What would be in the account in 48 years?

An annuity is a series of payment that is made over a specific period of time. In this question, the annuity is monthly which lasts for 48 years. An ordinary annuity is when the payments are made at the end of the period. An annuity due is when the payment is made at the beginning of the period.

Your deposited amount increases by the amount you put in it every month and by the interest rate the account accrues. When an account is compounded monthly, it means that both the amount invested and the interest already earned increases every month over the investment period.

The formula that can be used to determine the future value of the account in 48 years is:

Monthly deposit x annuity factor

Annuity factor = {[(1+r)^n] - 1} / r

Where:

r = interest rate = 9.5/12 =0.79%n = number of periods = 12 x 48 = 576

$390 x [{(1.0079)^576 - 1} / 0.0079] = $4,585,341.86

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Sarbanes-Oxley Act was enacted to ensure the integrity of: SQL. public companies' financial statements. Entity-Relationship Diagrams. private companies' shareholders meetings.

Answers

Answer:

B) public companies' financial statements.

Explanation:

The Sarbanes-Oxley Act can be regarded as one of federal law in U.S which is an Act of 2002, that gives protection to investors through the enforcement of reliability and accuracy on corporate disclosures. It should be noted that Sarbanes-Oxley Act was enacted to ensure the integrity of public companies' financial statements.

Increased traffic on the highway is an ________
associated with purchasing a new vehicle.

external cost
internal benefit
external benefit
internal cost

Answers

It is external cost

Why is protection of private property important to free enterprise?
1. In free enterprise, businesses loan money in the hope of making a profit. Businesses create products, services, and jobs in the pursuit of profit. A business may decide not to invest money if the government has the power to take it away.
2. In free enterprise, businesses invest money in the hope of making a profit. Businesses create products, services, and jobs in the pursuit of profit. A business may decide to invest money if the government has the power to take it away.
3. In free enterprise, businesses invest money in the hope of making a profit. Businesses create products, services, and jobs in the pursuit of profit. A business may decide not to invest money if the government has the power to take it away.
4. In free enterprise, businesses invest money in the hope of breaking even. Businesses create products, services, and jobs in the pursuit of profit. A business may decide not to invest money if the government has the power to take it away.

100 points to the brainliest answer

Answers

Answer:

In a pure free enterprise system, all property is owned by private citizens and businesses. ... Since private property allows ownership to be spread among a large number of people, power is also widely distributed. This reduces the danger of too much power being controlled by a few.

Explanation:

Hope it helps

Match the type of entrepreneurship to the description that best fits

Answers

Answer:

4. life style entrepreneur

3. serial entrepreneur

2. social entrepreneur

1.business entrepreneur

Your mangers wants everyone to make setting up seasonal aisle displays their top priority. You notice that an associate has been focusing on other tasks instead. What would you be most and least likely to do

Answers

see if the employee continues to do it or eventually changes tasks. if they are purposely doing it, then maybe politely suggest for them to set up the seasonal aisle displays or ask them to do it with you.

The manager should apply

Subordination of individual interest to general interest.

what is Subordination of individual interest to general interest.?it is one of the 14 principles of managementit states that the interest of organization must supersede the interest of individuals.the organization interest must overlap the individual interest,the goal of organization must not be scarified because of individual  interest

hence, Subordination of individual interest to general interest should be used by the manager.

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When the Fed increases the money supply to lower the federal funds rate, will the cost of capital to U.S. companies be reduced? Explain how the segmented markets theory regarding the term structure of interest rates (as explained in Chapter 3) could influence the degree to which the Fed’s monetary policy affects long-term interest rates.

Answers

Answer:

The federal funds rate is basically is used to control the supply of funds available in the economy. If the federal funds rate is increase by the Fed, its becomes expensive to borrow in the short term medium. Thus, the federal funds rate lower down the supply of available money which increase the short term interest rate.

Which of the following do you NOT need to take into account when you retire?
O your monthly expenses
O the cost of living in your city and state
Ohow much money you have saved in your retirement fund
Owhether your money comes from active or passive income

Answers

From the following, you do not need to take into account when you retire is that, "how much money you have saved in your retirement fund."

When you retire, the retirement planning should include determining time horizons,  calculating required after-tax returns, estimating expenses, and doing estate planning. Retirement is the time of life when one chooses to permanently leave the workforce behind.

When you retire, there are few things to take into account and few things which should not be taken into account, thta is, your monthly expenses, the cost of living, and how much money you have saved in your retirement fund.

Hence, option C is correct.

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The new pump will reduce variable costs by $14,000 per year over its four-year life. The costs not relevant to the decision of whether or not to replace the pump are:________.

Answers

Answer: D) $24,000.

Explanation:

When it comes to making decisions that will bring about a future benefit to the company, only costs to be incurred are included in the decision making analysis.

Costs that are already incurred are known as sunk costs and are not considered. The cost that it already incurred here is the old machine's book value of $24,000. It will therefore not be considered in the decision to buy a new pump.

Which statement best describes why a government’s actions are important in macroeconomics? Check all that apply. Government controls industry through policy. Government is both a consumer and a producer. Government can prevent changes and challenges. Government can use policy to influence the economy. Government can accurately predict economic trends.

Answers

Answer:

Government controls industry through policyGovernment is both a consumer and a producerGovernment can use policy to influence the economy.

Explanation:

The government can use fiscal policy to influence the economy. It adjusts taxes and spending to direct the economy in the desired direction.

As an institution, the government is a big spender in any economy. Government spending determines the level of production and consumption, which are key macroeconomic indicators.  

The government influences the monetary policies in place. By directing the monetary policies, the government controls the borrowing and expansion of businesses and industries.

Answer:

Government controls industry through policy

Government is both a consumer and a producer

Government can use policy to influence the economy.

It costs Crane Company $28 of variable costs and $15 of allocated fixed costs to produce an industrial trash can that sells for $76. A buyer in Mexico offers to purchase 3000 units at $30 each. Crane Company has excess capacity and can handle the additional production. What effect will acceptance of the offer have on net income

Answers

Answer:

Effect on income= $6,000 increase

Explanation:

Giving the following information:

Unitary variable cost= $28

Selling price= $30

Number of units= 3,000

Because it is a special offer and there is unused capacity, we will not take into account the allocated fixed costs.

Effect on income= 3,000*(30 - 28)

Effect on income= $6,000 increase

for what price would you need to sell your stock in one year in order to earn your required rate of return

Answers

Answer: a. $58

Explanation:

Your required return in dollars is;

= 16% * 52

= $8.32

Return = Dividend + Capital appreciation.

8.32 = 2.40 + Capital appreciation

Capital appreciation = 8.32 - 2.40

= $5.92

The stock would have to increase by $5.92 to get your required return;

= 52 + 5.92

= $57.92

= $58

Glebe Company accepted a credit card account receivable in exchange for $1,100 of services provided to a customer. The credit card company charges a 5% service charge. The collection of cash from the credit card company when it settles the account receivable balance will act to:

Answers

Answer:

Account receivable balance = $1,100 - ($1,100* 5%)

Account receivable balance =$1,100 - $55

Account receivable balance = $1,045

Date    Account Title        Debit       Credit

           Cash Account      $1,045

                 To Accounts receivable  $1,045

Explain the role the product life cycle, competition, and perceptions of quality plays in Ski Butternut pricing.

Answers

Answer:

product life cycle, competition, and perceptions of quality are all determinants of pricing in the Ski Butternut business to bring other businesses to the mountain in order to maximize profit.

Explanation:

The product life cycle is the prices of a product or service from its birth to death. The prices are influenced by the demand and supply of the product at each season of its life.

Pricing is influenced by competition between companies offering similar products or services. The Ski Butternut is able to attract more customers and businesses than their competitors, still maintaining the profit margin. The price of the Ski Butternut is increased or high to depict its quality to high-end customers.

Describe the three objectives that guide pricing strategies. Which of these objectives is associated with a (1) skimming pricing policy and (2) penetration policy

Answers

Answer:

The answer is below

Explanation:

The three objectives that guide pricing strategies for business owners are:

1. Ensuring the product is accepted

2. maintaining market share as the competition grows

3. Reaping profits.

Among these three objectives, the one that is associated with a

1. slSkimming pricing policy is "Reaping Profits." This is because skimming pricing policy is means of charging higher prices on the commodities at an early stage, and then reduce the prices later in the production life.

2) Penetration policy is "Ensuring the product is accepted." This is because Penetration policy is a means of charging lower prices on the commodities at the early stage of production, and then increase the prices later in the production life.

Select all the correct answers.
Which two tasks would be completed by an emergency and relief worker?

Clean and sterilize equipment and machinery to use with patients.

Gather resources and equipment to disperse within a community.

Describe city attractions and the history behind them.

Use laboratory equipment to study the causes of diseases.

Meet with local law enforcement and community leaders.

Answers

Answer:

Clean and sterilize equipment and machinery to use with patients.

Explanation:

The task that could be finished by an emergency and the relief worker would be that the equipment should be clean that is used for the patients. It should be free from any infection that caused by bacteria. Also it should be sure that this would be taken care and at the same time the patients would not suffered from any infection or any injury that could caused by non-clean of the equipment

Therefore the option A is correct

2. Gather resources and equipment to disperse within a community.

5. Meet with local law enforcement and community leaders.

Samantha is interested in setting up her own accounting firm and wants to speciallze in the area ofaccounting that has experlenced the most
significant growth in recent years. Which area of accounting should she choose as her specialty?


Samantha should choose_______as her specialty.

Fill in the blank

Answers

Answer:

Samantha should choose Financial Accounting

Explanation:

Financial Accounting is the area of accounting that has experienced the most growth in recent years. This is because of the large size and complexity of financial markets, and the increasing importance that they have in the overall economy.

Financial Accounting specializes in the recording and analysis of financial transactions. Financial transactions are those that a firm uses to obtain funds in order to invest in new projects, pay off other obligations, or simply capitalize the firm.

Which professional source provides entrepreneurs with expertise and knowledge about buying an existing business in return for commission?

_________ demand a certain amount of commission for providing an entrepreneur professional advice and expertise about buying an existing business that suits the entrepreneur’s requirements.

Answers

There are different kinds of business. The professional source that provides entrepreneurs with expertise and knowledge about buying an existing business in return for commission are Business brokers.

They also demand some amount of commission for giving an entrepreneur professional advice and expertise about buying an existing business that suits the entrepreneur’s requirements.

They also have a standard commission rate. Business broker commission fees  varies sometimes. There is no rule or regulation that sets it  pricing.  

Most business brokers often charge a 10% commission which is commonly  called a “success fee” on the value of the business and others charge 6% on any other form of real estate.

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Michelle, a professional counselor, is asked to talk to an ex-employee of GearTech Corp. about his performance issues. Michelle talks to this ex-employee about his grief and fear, as well as some strategies for finding a new job. Which role is Michelle performing?
A. CEO of GearTech Corp.
B. Arbitrator.
C. Volunteer at GearTech Corp.'s employee assistance program.
D. Mediator.
E. Outplacement counselor.

Answers

Answer:

Gear Tech Corp.

Michelle is performing the role of a:

E. Outplacement counselor.

Explanation:

Outplacement counseling is provided to ex-employees to transition them from Gear Tech Corp. to other jobs outside this particular company because they have been laid off from their jobs.  It is a kind of an employee benefit, which some companies provide because they are interested in ensuring that their ex-employees do not remain unemployed for long.  A company like Gear Tech Corp. believes strongly that if ex-employees are not useful in the company, they can be more useful in other companies.  For this purpose, the company can organize counseling programs for their relieved staff to set them on a smooth transition to outside roles that may be more appropriate for them.

Suppose people with 15 years of schooling average earnings of $60,000 while people with 16 years of education average $66,000.
a. What is the annual rate of return associated with the 16th year of education?
b. It is typically thought that this type of calculation of the returns to schooling is biased, because it doesn't take into account innate ability or innate motivation. If this criticism is true, is the actual return to the 16th year of schooling more than or less than your answer in part (a)?

Answers

Answer:

a. The annual rate of return associated with the 16th year of education is:

9.1%

b. The actual return of return to the 16th year of schooling is more than 9.1%.

Explanation:

a) Data and Calculations:

Average income for people with 15 years of schooling = $60,000

Average income for people with 16 years of schooling = $66,000

Income associated with the 16th year of education = $6,000 (66,000 - 60,000)

Annual rate of return with the 16th year of education = $6,000/$66,000 * 100 = 9.1%

think about how human resources are handled at the company you work for, or one you have worked for in the past. in the discussion thread, comment on the following questions: 1. what steps of the human resources cycle does the company handled well? why? 2. what steps of the human resources cycle are handled poorly? why? 3. how is culture impacted by the human resources department?​

Answers

Human Resources teams must keep an eye on employees once they are hired to constantly improve.

What is the Human Resources department?

The human resources department is an internal organization that exists in companies with the specific objective of hiring new employees and keeping an eye on the well-being and efficiency of the company's employees.

What process did our old company do well?

The human resources department of my old company had a good selection method to properly select all its employees so that they were the most suitable for each position.

What process was our old company doing wrong?

The human resources department of my old company, despite carrying out several processes effectively, had a flaw in the continuous improvement process because once they hired an employee of theirs, they forgot about their performance and did not constantly evaluate their performance. Nor did they organize improvement plans for the employees.

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COMPLETE ANSWER
THE ANSWER TO THE QUESTION IS I'M GOING TO VOTE BRAINLIEST

YOU NEED TO PROVE YOUR ANSWER

Direction: Read each statement carefully. Write True in the blank if the statement is right and False if it is wrong and prove it.

1. Internal Forces refers to set of elements which affects organization's or firm's behavior.

2. External Forces is unpredictable and uncontrollable.

3. Poor corporate image is a strength of the firm.

4. Money is the lifeblood of every business.

5. Customers are the king of the market.

6. Demographic aspects are the characteristics of the people in which the organization can be found.

7. Macro and micro environment are types of internal environment.

8. Technological includes the use of robots and online commerce.

9. Improper plans and policies help the firm to accomplish its objectives.

10. Socio-cultural are the characteristics of the population of a certain place. ​​ ​

Answers

The given statement 1,2,3,6,7 and 9 are false statement and 4,5,8 and 10 are true statement.

What is called an organization?

An organization is consists group of people who work together, like an association, a charity, a union, or a corporation.

1. Internal Forces refers to set of elements which affects organization's or firm's behavior. It is false statement because today's organizational behavior is influenced by a complicated mix of major influences. People, Structure, Technology, and Environment are the four categories of important factors. People, structure, and technology interact, and these factors are impacted by the environment.

2. External Forces is unpredictable and uncontrollable. It is false statement because it is possible to predict economic trends using forecasted data.

3. Poor corporate image is a strength of the firm. It is false because when the corporate image is weak or poor, it affects the customers perception of not just the company but it's products as well. Hence, deflecting demand for their goods an services.

4. Money is the lifeblood of every business. It is True  statement

5. Customers are the king of the market. It is true statement.

6. Demographic aspects are the characteristics of the people in which the organization can be found. It is false statement because demography is the scientific survey of populations, particularly human populations. Demographic analysis may be used to entire societies or groupings based on factors such as education, nationality, religion, and ethnicity.

7. Macro and micro environment are types of internal environment. it is false because Macro relates to external while micro relates to internal.

8. Technological includes the use of robots and online commerce, it is true.

9. Improper plans and policies help the firm to accomplish its objectives it is false because a bad plan cannot possibly lead to a good plan. Hence, improper plans and policies can not help the firm to accomplish its objectives.

10. Socio-cultural are the characteristics of the population of a certain place.​ It is the true statement.

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If Martha tells employees to "do a better job of selling" in the month of December, then employees might fall to accomplish this goal. why do you think workers might fall short?

Answers

Answer: The workers fail to accomplish the task because the goal is not specific or measurable.

Explanation:

The per-unit standards for direct materials are 2 gallons at $4 per gallon. Last month, 11300 gallons of direct materials that actually cost $41810 were used to produce 6800 units of product. The direct materials quantity variance for last month was

Answers

Answer:

9,200 favourable

Explanation:

Calculation for direct materials quantity variance for last month

First step is to calculate the Standard quantity

Standard quantity = 6,800 units × 2 gallons

Standard quantity = 13,600gallons

Now let Calculate direct materials quantity variance for last month Using this formula

Direct materials quantity variance = Standard Price × (Standard Quantity - Actual Quantity)

Let plug in the formula

Direct materials quantity variance = $4 × (13,600 gallons - 11,300gallons)

Direct materials quantity variance = $4 × 2,300 gallons

Direct materials quantity variance = $9,200 favorable

Therefore The direct materials quantity variance for last month was $9,200 favourable

What can people do better to make a better place in this earth

Answers

Answer:

not be so selfish and quit worrying about materialistic things and worry about the better being of others but be kind n respectful to your self at the same time

We can always recycle ♻️. A clean environment can help animals.

If the covariance of returns between a stock and the market equals zero, then what does the beta of the stock equal

Answers

Answer:

a) Zero

Explanation:

As we know that

beta = Covariance (Stock return , Market return) ÷ market return variance

Now in the case when the covariance of return that lies between the stock and the market equivalent to zero so the beta of the stock would be zero

As if you divide by zero so the result would be zero

Therefore as per the given option, the option A is correct

At Bell’s Furniture, assemblers are paid according to the following differential piece rate scale: 1−20 dressers in a week, $7 each; 21−30 dressers, $9.50 each; and $14 each for every dresser over 30. Liz Henderson assembled 47 dressers in one week. Find her gross pay

Answers

Answer:

$658

Explanation:

Henderson assembled 47 dressers in the week.  

Her applicable pay rate is $14 per piece since she assembled over  30 dressers in one week.

her gross pay for the week

=$14 x 47

=$658

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in a linear regression model, the variable (or variables) used for predicting or explaining values of the response variable are known as the . it(they) is(are) denoted by x. a. dependent variable b. residual variable c. regression variable d. independent variable X+1 , 2x+3 and X+7 are the second, third and fourth terms of an arithmetic series. Find the value of X and hence calculate the common difference. 1. Rick deposits $3 into his bank account. The following week, he deposits 3 times that amount. Each week after that, he deposits 3 times the amount he did the previous week.How much does he deposit in all during the first 3 weeks?2. How much does Rick deposit in all in the first 3 weeks? Show your work. Simplify: -3(6+8q)+2(-3q+7) PLEASE HELP QUICK!!!!! WILL GIVE BRAINIEST!!!!!!! HELP ASP!!!!!!!!!!!!!!!! solve the equation 9x= 108 x= What is the importance of studying criminology in the social science how many electrons are in krypton CHECK ALL OF THE ONES THAT APPLY AS CORRECT ANSWERS!!! NOT JUST ONE!!!Four points are graphed in the diagram. Which correctly describe the distances between the points in the graph? Check all that apply. A coordinate plane with 4 points graphed. Point P is negative 2, 3. Point Q is 4, eleven. Point R is twelve, 3. Point S is 9, negative 1.( ) PQ = 8( ) PQ = 10( ) QS = 12( ) QS = 13( ) SR = 5( ) SR = 6 which organelle builds proteins How long is a distance of 8km if measured on a map with a scale of 1;50,000 What is the product of -5 and 8?-40-131340 Can soil be transported? PLEASE HELP MARKNG PEOPLE AS BRAINLIST ALL DAY 22. True or False? A long chain of glucose molecules would be called a polysaccharide. Please help ASAP its due in a few minutes. What happened to the revolutionary leaders? solve the right angle trig problem. round to the nearest tenth. Valerie bought a 9 ft piece of ribbon from which she wants to cut into 2/3 ft pieces. How many 2/3 ft pieces canValerie cut? In The Diary of Anne Frank, why do Anne and her family go into hiding? A. to join a group fighting against the Nazis B. to join a family they were friendly with C. to avoid being captured by the Nazis D. to avoid being forced to fight in the war