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Lerok [7]
1 year ago
7

Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams est

imated total overhead of $396,000; materials of $410,000 and direct labor of $220,000. During the year Adams incurred $418,000 in materials costs, $413,200 in overhead costs and $224,000 in direct labor costs. Compute the overhead application rate.
Business
1 answer:
alexira [117]1 year ago
7 0

Answer:

The overhead application rate is 1.8

Explanation:

In the question both the estimated and actual overhead cost , material and labor cost are provided -

                                     ESTIMATED                 ACTUAL

Overhead cost             $396,000                     $418,000

Material cost                $410,000                      $413,200

Direct cost                    $220,000                    $224,000

Overhead application rate can be calculated by dividing the total budgeted overhead cost by direct labor cost.

= Budgeted overhead cost / direct labor cost

= $396,000 / $220,000

= 1.8

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Black_prince [1.1K]

Answer:

No there was no contract, there was at best an agreement to agree (an agreement based on understanding that a future arrangement can be made).

Nina said she was still thinking about her son's proposal and had not decided yet, so there was no contract.

Oral contracts is a spoken agreement between two parties that may be legally binding.

Breach of oral contract can be hard to prove since it is not written down.

An oral agreement between family members is not enough to be considered a contract.

Explanation:

5 0
2 years ago
Why has the HRM function increased in stature and influence in many organization and How has increased globalization influenced
kari74 [83]

Explanation:

Globalization at the organizational level can be understood as the integration of all systems that make up a company, including the macro environment.

Understanding the concept of globalization in business makes it possible to understand that the company to be successful in a foreign market must align its strategy in order to conquer the local market, it is important to carry out research and development to understand what the target audience of certain region wants to consume, in addition to respecting the culture, behavior and values ​​of each region.

Currently, in globalized companies, the focus of HRM is to ensure that the company receives new employees and that existing employees have a global posture that prioritizes respect, ethics, company identity, culture and is flexible and open to work in a company that adopts global management, where there are important interactions with other countries for the success of the business.

7 0
1 year ago
In 2019, Carson is claimed as a dependent on his parents' tax return. Carson's parents provided most of his support. What is Car
lana [24]

The tax laibility as calculated is $1036.

<u>Explanation:</u>

a.)  Carson earnings  $14000

Less: the Standard deduction  $12000

Taxable income  $2000  

Tax liability  $200

b.)  Carson earnings  $14000

Qualified dividend income  $5000

Gross income  $19000

less: Standard deduction  $12000

Taxable income  $7000

Taxable income taxed at carson rate  $2000

($7000 minus $5000)  

           Ordinary Tax  $200

Kiddie Tax is calculated as follows:  

Gross unearned income  

unearned income                             $5000

Kiddie tax up to 2600                          $260

Kiddie tax for over and above 2600  $576

                                                                     $836  

Total tax liability ($200 plus $836)           $1036

 

7 0
2 years ago
The City of Mayville had total fund balance in its General Fund of $200,000 on December 31, 2019. The City of Maysville's Genera
Svetradugi [14.3K]

Answer:

$38,000

Explanation:

Based on the information given we were told that the City General Fund balance sheet for the month of December 31, 2019 shows that inventory had the amount of $28,000 while prepaid rent has the amount of $10,000 which means that the amount of money that city will report as NOSPENDABLE fund balance in their general fund on December 31,2019 will be $38,000 calculated as ($28,000+$10,000).

4 0
2 years ago
On april 1, griffith publishing company received $1,548 from santa fe, inc. for 36-month subscriptions to several different maga
Lilit [14]

On December 31st Griffen Publishing Company should debit Unearned Fees, - $1,161 and credit Fees Earned $1,161.

To solve for the first year = (total amount received/number of months) x accrued number of months

($1,546/36 months) x 9 months = $387

$387 dollars was earned the first year from the subscription.

To solve for the second year, subtract the total amount of $1,546 by the first years total of $387 and the amount that is left is from year two.

($1,546 - $387) = $1,546

6 0
1 year ago
Read 2 more answers
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