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Gre4nikov [31]
2 years ago
15

Acton Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its m

ost recent year of operations. Estimated manufacturing overhead $361,260 Estimated machine-hours 2,700 Actual manufacturing overhead $354,700 Actual machine-hours 2,660 The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the purpose of computing the company's predetermined overhead rate for the year. The overhead for the year was: Noreen 4e Recheck 2017-16-03a) $5,352 underappliedb) $5,352 overappliedc) $1,208 underappliedd) $1,208 overapplied
Business
1 answer:
STALIN [3.7K]2 years ago
6 0

Answer:

Acton Corporation

The overhead for the year was:

$1,208 overapplied

Explanation:

a) Data and Calculations:

Estimated manufacturing overhead $361,260

Estimated machine-hours 2,700

Predetermined overhead rate = $361,260/2,700 = $13.38

Actual manufacturing overhead $354,700

Actual machine-hours 2,660

Overhead applied = Actual machine hours * Predetermined overhead rate

= 2,660 * $13.38

= $355,908

Overapplied overhead = Overhead applied minus Actual overhead

= $355,908 - $354,700

= $1,208

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Josh is evaluating a new technology purchase for his company. The technology he buys cannot exceed the budgeted amount. For this
Verizon [17]

Answer:

<em><u>The answer is</u></em>: <u>Added features, Operating expenses, Training requirements</u>.

Explanation:

Josh, when planning a purchase of new technology, will have to take into account on the <u>one hand</u>: the characteristics of the new technology that he wants to add.

<u>On the other</u>: The expenses that will be the exploitation of this new technology.

<u>And also</u>: The necessary expenses to learn to operate with the new technology.

<em><u>The answer is</u></em>: <u>Added features, Operating expenses, Training requirements</u>.

3 0
1 year ago
The importance of flower farming is increasing day by day in nepal. Justify this statement. please write long ans​
devlian [24]

Answer:

Prior to 1990, there were a number of nurseries within the valley as well as a few outside that cultivated flowers, but the trend then was more towards producing potted plants, seeds, bulbs and suchlike. There was no large market for cut flowers of the variety available now, in part because there was very little demand due to a lack of market exposure to cut flowers. People in Kathmandu just did not use them on a regular basis. According to nursery owners, there was at that time only a small demand amongst the expatriate community and amongst the Indian community. On November 15 1992 however, the Floriculture Association of Nepal or FAN was formed, and this marked the beginning of the floriculture industry in Nepal.

FAN was formed by 11 nursery owners with the objective of promoting and enhancing the floriculture industry and the emergence of flowers in the Katmandu market can in fact be attributed to the training in flower arrangement that FAN conducted in 1993. Following this training, they initiated the opening of a wholesale market and the support FAN gave to the organization 'Women in Floriculture' project enabled several entrepreneurs to set up flower retail outlets. This supply driven demand resulted in flowers being made available in the market and the market responded by taking up this supply. Business has since improved as demonstrated by the change in demand from around 100 rose stems a day in 1992 to 3000 stems in 2003 and from 100 gladiolus stems  in 1992 to 6000 in 2003. Figures from FAN put the total sale of cut flowers at 10 million in 1992, which went up to 70.2 million in 2003.

The domestic market for cut flowers is in fact increasing according to Suresh Bhakta Shrestha of Standard Nursery in Bansbari. He says that in 1993 150 thousand Nepali Rupees was the total turnover for all the shops that sold flowers in Kathmandu. This figure is now around 80 to a 100 thousand Rupees per month per shop! Latest figures also suggest that there are there are currently around 300 nurseries and 40 retail shops within the Kathmandu valley. This information suggests that floriculture has grown very rapidly and that the flower culture here continues to grow.

Explanation:

6 0
1 year ago
When forecasting balance sheet financials, an unusually high forecasted cash balance suggests which of the following? A. Sales a
Inga [223]

Answer:

The correct option is E

Explanation:

If the business is forecasting the financials of the balance sheet and mostly the high forecasted balance of cash implies that the company or the firm could pay off the debt in the next or the following year.

The forecasted high cash balance most likely decrease the long term and the short term debt of the company in order to reduce the cash levels to a consistent level.

So, none of the above options provided is correct.

7 0
2 years ago
On November 1, 2021, Taylor signed a one-year contract to provide handyman services on an as-needed basis to King Associates, wi
Blizzard [7]

Answer:

Taylor should recognize revenue in 2021 in the amount of $0.00

Explanation:

IFRS 15 Requires entity to recognise revenue WHEN the transfer of control of goods and services is made to the customer.

It is important to note that Control is transferred on an as-needed basis to King Associates

Tylor has not yet transfered any handyman services during 2021. Therefore no revenue is recognised as transfer of control of goods and services is made to the customer does not exist.

Only when handyman services are provided then the revenue is recognised in the year the servises are provided.

3 0
1 year ago
Read 2 more answers
2) A firm sells two products. Product R sells for $20; its variable cost is $6. Product S sells for $50; its variable cost is $3
Tom [10]

Answer:

$6896551.7

Explanation:

Given the following :

Product R:

Selling price = $20

Variable cost = $6

Product S:

Selling price = $50

Variable cost = $30

Firm's fixed cost = $4, 000,000

Break-even point dollars = (Fixed cost /Contribution margin ratio)

Contribution margin : selling price - variable cost

Product R: $(20 - 6) = $14

Contribution margin ratio = ($14/$20) * 60% = 0.42

Product S: $(50 - 30) = $20

Contribution margin ratio = ($20/$50) * 40% = 0.16

Sum of contribution margin ratio for both products = (0.42 + 0.16) = 0.58

Break-even point dollars = (Fixed cost /sum of Contribution margin ratio)

= $4,000,000/0.58

= $6896551.7

3 0
2 years ago
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