Abbur Company's manufacturing overhead is 25% of its total conversion costs. If direct laboris $126.000 and it direct materials are $29.900, the manufacturing overhead is:______.
Answers
The manufacturing overhead is $31,500.
Direct labor cost = $126,000
Direct materials cost = $29,900
Manufacturing overhead is 25% of the total conversion costs. Total conversion costs include direct labor and manufacturing overhead.
To find the manufacturing overhead, we can use the following formula:
Manufacturing overhead = Total conversion costs * Overhead rate
The overhead rate is given as 25% or 0.25.
Total conversion costs = Direct labor cost + Manufacturing overhead
Substituting the given values:
Total conversion costs = $126,000 + Manufacturing overhead
Manufacturing overhead = Total conversion costs * Overhead rate
Manufacturing overhead = ($126,000 + Manufacturing overhead) * 0.25
Solving the equation for manufacturing overhead:
Manufacturing overhead = $31,500
The manufacturing overhead is $31,500.
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Related Questions
the tech hotel purchased a computer for $3,500. the retail value of the computer per the salesperson is $3,999; however, it is projected that the computer will have a market value of only $2,500 one year from now. the cost principle dictates that the computer purchase be recorded on the date of purchase for:.
Answers
$3,500 is the price of the purchase to be recorded according to the cost principle.
What is the cost Principle?The cost principle is a rule that stipulates that financial transactions should be recorded in accounting records according to their value at the time of the initial transaction (i.e., the price paid to purchase the asset), rather than their fair market value. In other words, regardless of future changes in the value of the associated assets, the cost principle mandates that transactions and financial values be presented in accordance with actual costs or returns.
The Construction Co. has purchased land for developing houses in the amount of $180,000. With the booming real estate market, the market value has increased to $235,000 four years later. How should this transaction be listed on the balance sheet by the company's bookkeeper?
Even though the cost of the land has increased significantly, an asset with a cost of $180,000 would still have the same value in the accounting records.
Thus, according to the cost principle, $3500 is to be recorded as the purchase amount.
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Complete question:
Error in amortization schedule 乌ி LO14-3 Nakano Food Products, Inc., acquired a packaging machine from Lawrence Specialists Corporation. - Lawrence completed construction of the machine on January 1, 2022. - In payment for the machine Nakano issued a threeyear installment note to be paid in three equal payments at the end of each year. - The payments include interest at the rate of 10%. - Lawrence made a conceptual error in preparing the amortization schedule, which Nakano failed to discover until 2024. - The error had caused Nakano to understate interest expense by $45,000 in 2022 and $40,000 in 2023. Required: I. Determine which accounts are incorrect as a result of these errors at January 1. 2024, before any adjustments. Explain your answer. (Ignore income taxes.) 2. Prepare a journal entry to correct the error. 3. What other step(s) would be taken in connection with the error?
Answers
1. Accounts affected by the errors at January 1, 2024, before any adjustments need to be determined.(2.) A journal entry should be prepared to correct the error.(3.) Additional steps may be required to address the error.
1. Accounts affected by the errors: The errors in the amortization schedule caused Nakano to understate interest expense by $45,000 in 2022 and $40,000 in 2023. As a result, the interest expense account for both years would be understated. The notes payable account would also be affected because the correct amount of interest expense should have been included in the note payable balance. Therefore, at January 1, 2024, before any adjustments, the interest expense and notes payable accounts would be incorrect due to the errors.
2. Journal entry to correct the error: To rectify the errors, a correcting journal entry needs to be made. The entry would involve increasing the interest expense account by $45,000 for 2022 and $40,000 for 2023, as these amounts were previously understated. Additionally, the notes payable account should be adjusted by the same amounts to reflect the correct balances. The journal entry would debit the interest expense account and credit the notes payable account.
3. Other steps in connection with the error: Apart from the journal entry, further steps may be taken to address the error. This may include notifying external parties, such as auditors or stakeholders, about the correction made to the financial statements. It is important to ensure that the corrected financial statements are properly communicated and any necessary disclosures or adjustments are made to prevent future misstatements. Internal controls and review processes may also be evaluated or strengthened to minimize the chances of similar errors occurring in the future.
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which of the following is NOT on a credit report
Late medical payments
Repayment history
Buying habits
Public records
Answers
Answer: The correct answer to the question is option C
BUYING HABITS.
To effectively answer the question,let's look at the definition of credit report and the options given..
A credit report is simply a record that is reported by one's lenders and creditors to the credit agency.they contains one's personal information, public records, credit enquires and credit account history.
LATE MEDICAL PAYMENT, REPAYMENT HISTORY AND PUBLIC RECORDS all has to do with credit
bureaus while buying habit doesn't have anything to do with credit bureaus rather it is when an individual or consumer purchases a particular type or brand of product concurrently without a change in another brand of the same product.it is mostly as a result of the satisfaction the individual gets from that brand of product.
How does APR make borrowing money a more transparent process?
Answers
The interest rate on a credit card is known as the APR. It is the annual percentage rate of interest that you will be charged if you carry a balance, and it frequently changes from card to card.
What is APR stand for?The Accreditation in Public Relations (APR) accreditation distinguishes you from your colleagues and positions you as a leader and mentor in the cutthroat public relations industry by vouching for your ambition, professionalism, and ethical standards.
Is the accuracy of loan comparisons improved by APR?The cost of borrowing money is determined by the interest rate, but because the APR also accounts for additional fees related to getting a loan, notably a mortgage, it provides a more accurate picture of overall borrowing costs.
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the professionally managed global real estate investment market is shrinking because it is the most traditional market true false
Answers
Because it is the most established market, the professionally managed global real estate investment industry is declining. So this Statement is True.
Investment Market refers to organizations and individuals whose primary usage of the research material is to I make investment choices or (ii) make (or advise or persuade others to make) decisions on the use of investment banking services, such as corporate finance or M&A.
In the capital market, bonds, stocks, and other financial instruments are bought and sold by buyers and sellers. Participants in the trade include both individuals and institutions. Most securities traded on the capital market are long-term ones. So this Statement is True.
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an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Answers
Explain how k-NN model handles categorical and ordinalattributes.
Answers
The k-NN (k-Nearest Neighbors) model handles categorical and ordinal attributes.
1. Converting categorical attributes into numerical values: To process categorical attributes, the k-NN model usually converts them into numerical values using techniques like one-hot encoding or dummy variable encoding. This process creates new binary features for each category, making it easier for the model to work with the data.
2. Scaling ordinal attributes: For ordinal attributes, which have a natural order, the k-NN model often scales the values to a standard range, such as 0 to 1 or -1 to 1, to ensure equal weightage in the distance calculation. This can be done using techniques like min-max scaling or z-score normalization.
3. Calculating distance: After preprocessing the attributes, the k-NN model calculates the distance between data points using a distance metric suitable for mixed data types, such as Gower distance or Hamming distance. These metrics can handle both numerical and categorical attributes effectively.
4. Finding the nearest neighbors: Based on the calculated distances, the k-NN model identifies the k-nearest neighbors for each data point and uses them to make predictions or classifications.
In summary, the k-NN model handles categorical and ordinal attributes by converting them into numerical values, scaling ordinal values, using appropriate distance metrics, and identifying the nearest neighbors for prediction or classification purposes.
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Looking at your Personal Fact Sheet, do you see any areas that may need improvement? In which areas do you have the most room for growth? How could you bolster those areas?
(Careers Class)
Answers
A person fact sheet is a sheet that itemizes the facts about various areas of your life.
How do you evaluate your Personal Facts?Having looked at the various areas of your life as itemized in the Personal Fact Sheet, you can identify areas that need improvement. An example could be as follows:
Academic performanceQuality of Impact on societyQuality of Education.Having identified the areas that need improvement, you can look at the various ways of improving them such as:
Becoming more committed to your goalsReaching out for mentoringManaging your time more effectively.For more about personal fact sheets, see the link below:
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With regard to suppliers, just-in time typically require: Group of answer choices buyer inspection of all goods and materials. delivery of large lots at regular intervals. the lowest price possible. multiple sources from which to purchase. long-term relationships and commitments.
Answers
Answer: long-term relationships and commitments.
Explanation:
Just in time typically implies long-term relationships and commitment. It requires a good understanding of the supplier and the manufacturer in terms of the quantity and the swiftness with material delivery. When there is a misunderstanding between the manufacturer and the supplier, delivery cones to a halt. This is why there's a need for a long lasting relationship and commitment.
Read the statements below. Select "L" if the statement describes the Linux OS. Select "M" if the statement describes the Mac OS. Select "W" if the statement describes the Windows OS.
L - Linux
M - Mac
W - Windows
___code can be modified by users
____customer service provided by volunteers
___introduced the first GUI
___open source
____used by the majority of businesses
_____widely used in artistic fields
Answers
All the above statements describe Linux OS.
"Code can be modified by users" refers to the open-source nature of Linux."Customer service provided by volunteers" can be interpreted as a reference to the community-driven support for Linux."Introduced the first GUI" is not accurate, as the first GUI was actually introduced by Xerox PARC, but Linux certainly played a role in popularizing the use of GUIs in computing."Open source" refers to the fact that Linux's source code is freely available for users to view, modify, and distribute.
$34,100 at 4%for 3 years
Answers
Answer: $4,092
Explaination - .04 times 34,100 then multiply by 3
What information would you need to determine the minimum cost
strategy? Provide your answer along with a discussion on the
advantages and disadvantages of each strategy.
Answers
The minimum cost strategy requires information on cost of different strategies, their effectiveness, market conditions, and data on customers and competitors.
"What information is needed to determine the minimum cost strategy, and what are the advantages and disadvantages of different strategies?"
To determine the minimum cost strategy, you would need information such as the cost of different available strategies, their effectiveness, market conditions, and relevant data on customers and competitors.
Discussion on the advantages and disadvantages of each strategy can vary depending on the context and specific strategies being considered. However, in general, advantages of cost-focused strategies include potential cost savings, competitive pricing, and improved profit margins. Disadvantages may include potential compromises in quality, reduced differentiation, and potential negative customer perception.
On the other hand, advantages of differentiation-focused strategies include unique offerings, customer loyalty, and potential for higher profit margins. Disadvantages may include higher production or operational costs, increased complexity, and potential difficulty in sustaining differentiation over time.
It's important to note that the suitability and effectiveness of each strategy depend on various factors, including the specific industry, target market, competitive landscape, and the overall business objectives.
Thus, a comprehensive analysis and evaluation of these factors is necessary to determine the most suitable and cost-effective strategy.
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question content area part 1 scarcity part 2 a. can be overcome by discovering new resources. b. stems from the incompatibility between limited resources and unlimited wants. c. is a bigger problem in market economies than in socialist economies. d. can be eliminated by rationing products.
Answers
Scarcity stems from the incompatibility between limited resources and unlimited wants
Because the desires of economic agents, such as people, businesses, or the government, are limitless, scarcity is a fundamental economic problem that affects every civilization. The incompatibility of finite resources and countless wants is the root of the world's economic problems.
Resources are constrained in that there is only a certain amount of them, and they cannot be expanded to satisfy everyone's unending needs or those of society as a whole. People and society must therefore decide how to divide up these finite resources in order to best satisfy their needs and wants. All economic activity is fueled by scarcity, which is the reason people have to make decisions and trade-offs.
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select all that apply
Answers
Answer:
Go to your financial institution
Endorse the check and return it to whoever gave it to you
Select the correct answer.
Which is the first step that managers should take to resolve a conflict within a diverse team?
allow each individual to offer a solution
encourage each individual to propose a mediator
get each individual to state the problem from his or her viewpoint
a
approach senior management for a solution
Answers
Answer:
get each individual to state the problem from his or her viewpoint.
Explanation:
The first step that managers should take to resolve a conflict within a diverse team is to get each individual to state the problem from his or her viewpoint.
Answer:
get each individual to state the problem from his or her viewpoint
Explanation:
that is the correct answer and here is why the first step for resolving a conflict within a diverse team is to get each individual to state the problem from his or her viewpoint.
why is it important to be a good communicator for a successful future?
Answers
Answer:
Explanation:
Being an excellent communicator can help you land that first job in your new career and ensure a positive future. It can separate you from other applicants, help you be a more effective employee and serve as a stepping stone to leadership responsibilities and career advancement.
What is excitatory postsynaptic potential?
Answers
Excitatory postsynaptic potential (EPSP) is a type of electrical change that occurs in the membrane of a neuron following the arrival of an action potential at the synapse. It is called "excitatory" because it makes the neuron more likely to fire an action potential.
When an action potential reaches the synapse, it causes the release of neurotransmitters, which then bind to receptors on the postsynaptic neuron. This binding can cause a change in the electrical potential across the membrane of the postsynaptic neuron. Specifically, it causes an influx of positively charged ions (such as sodium or calcium) into the neuron, which results in a depolarization of the membrane potential.
If the depolarization is large enough, it can reach the threshold potential, and an action potential will be generated. This is known as an "excitatory" postsynaptic potential, because it increases the likelihood that an action potential will be generated.
EPSPs are one of the ways that information is transmitted between neurons in the nervous system. They are often mediated by neurotransmitters such as glutamate or aspartate and play a role in the communication between neurons, allowing them to integrate and process information and generate appropriate responses.
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Describe the role of the entrepreneur in the decision making process.
Outline the following roles of an entrepreneur in economic development:
a) collaborating;
b) providing goods and services to satisfy citizens;
c) creating jobs ; and,
d) contributing to nation building
Answers
The following roles of an entrepreneur in economic development is generally and actually providing goods and services to satisfy citizens Option(b) is correct.
What is Economic Development?In the economics investigation of the public area, economic and social development is the cycle by which the economic prosperity and personal satisfaction of a country, district, neighborhood local area.
The term has been utilized often in the twentieth and 21st hundreds of years, yet the idea has existed in the West for far longer. "Modernization", "Westernization", and particularly "industrialization" are different terms frequently utilized while talking about economic development.
Therefore Option(b) is correct By and large, economic development arrangements zeroed in on industrialization and foundation; since the 1960s, it has progressively centered around neediness decrease.
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Patel packaging systems purchased a new computer system in 2021 at a cost of $328,000. This system is in the 5-year macrs class, and has depreciation allowance percentages of 20, 32, 19. 2, 11. 52, 11. 52, and 5. 76. What is the maximum amount of depreciation the firm can claim on this system in the first year if it selects the bonus depreciation method?.
Answers
The most that the business may depreciate this system in the first year is depreciation claims in the first year equal the depreciation rate times the initial investment, or 20% times 328,000.
$65,600 is the depreciation claim amount. The term "depreciation" refers to an accounting method for disbursing a physical item's worth throughout the period of its useful life. Depreciation demonstrates the amount of money spent on an asset. It makes it possible for companies to profit from their assets.
By utilising purchases made over a specific time period, they have acquired what they already own.due to the fact that companies are not compelled to completely account for them throughout the year. When items are purchased, their value dramatically declines right away. Not accounting for depreciation can drastically increase Long-term assets can also be depreciated by businesses for both tax and accounting reasons.
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ceteris paribus, which country relies less on foreign trade as a percentage of their economic activity?
Answers
Ceteris paribus refers to the phrase "all other things being equal." It's a Latin phrase that economists use to indicate that they're analyzing the impact of one variable while holding all other variables constant. With that said, among the given countries, the country that relies less on foreign trade as a percentage of their economic activity is India.
The economy of India is the seventh-largest in the world and the third-largest by purchasing power parity. The country has a mixed economy with services, agriculture, and manufacturing sectors contributing to the economy's growth. India is a relatively closed economy, with its exports accounting for only 12.5 percent of GDP in 2020, while its imports accounted for 21 percent of GDP.
India is less reliant on foreign trade than both China and Japan. China, on the other hand, is the world's second-largest economy and the largest exporter of goods. Its exports account for 17.7 percent of GDP, while its imports account for 17.3 percent of GDP. Japan, the world's third-largest economy, is also a highly export-dependent country.
Its exports account for 18.6 percent of GDP, while its imports account for 16.7 percent of GDP. Therefore, among the given countries, India relies less on foreign trade as a percentage of their economic activity.
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15 POINTS
Describe the steps of the check clearing process.
Answers
difference between associative and commutative property
Answers
Answer:
The associative property of addition states that you can group the addends in different ways without changing the outcome. The commutative property of addition states that you can reorder the addends without changing the outcome.
Explanation:
Jumbo transport, an air-cargo company, expects to have earnings per share of $2. 00 in the coming year. It decides to retain 10% of these earnings in order to lease new aircraft. The return on this investment will be 25%. If its equity cost of capital is 11%, what is the expected share price of jumbo transport?.
Answers
$21.18 is the expected share price of Jumbo Transport.
Given,
r, equity cost of capital = 11%
g, investment = 25%
b, power back rate = 10%
EPS = $2.00
Growth = ROI × Retention Percentage
D1 = EPS × (1 - b)
D1 = $2.00 × (1 - 0.1)
D1 = $1.8;g
D1 = 0.1 × 0.25
D1 = 0.025 ;
Using the formula,
Expected Stock Price = Current Dividend ÷ (Cost of Capital−Growth Rate)
P0 = D1 ÷ (r-g)
P0 = $1.8 ÷ (0.11 - 0.025 )
P0 = $21.18
Therefore, Jumbo Transport's expected share price is $21.18.
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A company used straight-line depreciation for an item of equipment that cost $20,300, had a salvage value of $5,600 and a six-year useful life. After depreciating the asset for three complete years, the salvage value was reduced to $2,030 but its total useful life remained the same. Determine the amount of depreciation to be charged against the equipment during each of the remaining years of its useful life: a-$1,470. b-$7,957. c-$5,600. d-$3,640. e-$5,040.
Answers
The amount of depreciation to be charged against the equipment during each of the remaining years of its useful life is $6,090.
To determine the amount of depreciation to be charged against the equipment during each of the remaining years of its useful life, we first calculate the depreciable cost of the equipment.
Depreciable cost = Cost of equipment - Salvage value
Depreciable cost = $20,300 - $5,600
Depreciable cost = $14,700
Since the salvage value was reduced to $2,030, the new depreciable cost becomes:
New depreciable cost = Cost of equipment - New salvage value
New depreciable cost = $20,300 - $2,030
New depreciable cost = $18,270
The remaining useful life of the equipment is 6 - 3 = 3 years.
Depreciation per year = New depreciable cost / Remaining useful life
Depreciation per year = $18,270 / 3
Depreciation per year = $6,090
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Question 2(Multiple Choice Worth 5 points)
(02.06 MC)
In general, what kind of people earn the most money?
O People with skills that are in high demand and high in supply
O People with skills that are in high demand but low in supply
O People with skills that are in low demand and low in supply
People with skills that are in low demand but high in supply
Answers
They earn the most money since skills also follow the law of supply and demand, so consumers are willing to pay more due to low supply
A new school building was recently built in the area. The entire cost of the project was $20,000,000. The city has put the project on a 20-year loan with an APR of 2.7%. There are 21,000 families that will be responsible for making monthly payments towards the loan. Determine the total amount that each family should be required to pay each year to cover the cost of the new school building. Round your answer to the nearest cent, if necessary.
Answers
Each family should be required to pay approximately $25.71 per year to cover the cost of the new school building.
To determine the total amount that each family should be required to pay each year to cover the cost of the new school building, we can follow these steps:
Calculate the total loan amount.
The loan amount is the cost of the project, which is $20,000,000.
Calculate the annual interest payment.
The annual interest payment can be calculated using the formula:
Annual Interest Payment = Loan Amount * Annual Interest Rate
Annual Interest Rate = APR / 100
In this case, the annual interest rate is 2.7% or 0.027.
Annual Interest Payment = $20,000,000 * 0.027 = $540,000
Determine the number of families responsible for payments.
There are 21,000 families responsible for making monthly payments.
Calculate the total amount each family should pay each year.
Total Amount per Family = Annual Interest Payment / Number of Families
Total Amount per Family = $540,000 / 21,000
Rounding the result to the nearest cent, each family should be required to pay approximately $25.71 per year to cover the cost of the new school building.
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In the Gond culture of India, death is believed to be caused by
A) natural forces.
B) an angry supreme being.
C) the ill will of others in the community.
D) magic and demons.
Answers
In the Gond culture of India, death is believed to be caused by D) magic and demons.
Gonds believe that everything in the universe is connected and that there are invisible forces that govern the world. Death is seen as a part of the natural cycle of life and is believed to be caused by a person's time running out. However, if a person dies unexpectedly or in a tragic way, it is often believed that the death was caused by the influence of magic and demons. The Gonds believe that these negative forces can be kept at bay through rituals and ceremonies designed to protect individuals and the community as a whole. These rituals often involve the use of charms, amulets, and other talismans to ward off evil spirits. Overall, the Gond culture has a deep reverence for the natural world and a belief in the interconnectedness of all things, which informs their understanding of death and its causes.Thus correct option is D) magic and demons.
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Justin has hired someone to handle all of the financial issues for his small business. He hired a:
Answers
Accountant is the right answer hope this help
Answer:
accountant
Explanation:
I just took the quiz:)
Explain the importance of denists and physiotherapists
Answers
Explanation:
physiotherapists help people affected by injury, illness or disability through movement and exercise, manual therapy, education and advice. They maintain health for people of all ages, helping patients to manage pain and prevent disease.
dentistry is important to maintaining the health of your smile as well as your overall health. Unaddressed tooth decay or gum disease can lead to infections and other conditions that can put your entire body at risk for health issues.
if my answer helps you than mark me as brainliest
Answer:
The physiotherapist is important because they can revive the disfunctional human organs through regular therapy.
Dentist is important because they deal with diverse dental problems and diseases and human teeth are very important organ.
Explanation:
I hope my answer helped you:)
50. 6 mL of a gas is collected over water at 18. 0 °C and 755. 5 mmHg pressure. What is the volume of dry gas at STP?
Answers
V2 = (755.5 * 50.6 * 273.15) / (760 * 291.15) mL
V2 = 46.44 mL
The volume of the dry gas at STP is approximately 46.44 mL.
To determine the volume of the dry gas at STP (Standard Temperature and Pressure), we need to consider the effects of water vapor and adjust the volume accordingly. At STP, the temperature is 0 °C (273.15 K) and the pressure is 1 atmosphere (760 mmHg).
To calculate the volume of the dry gas at STP, we can use the combined gas law, which states that the initial pressure times the initial volume divided by the initial temperature is equal to the final pressure times the final volume divided by the final temperature.
Using the combined gas law, we can set up the equation as follows:
(P1 * V1) / T1 = (P2 * V2) / T2
Plugging in the given values, we can solve for V2:
(755.5 mmHg * 50.6 mL) / 291.15 K = (760 mmHg * V2) / 273.15 K
Simplifying and solving for V2:
V2 = (755.5 mmHg * 50.6 mL * 273.15 K) / (760 mmHg * 291.15 K)
Calculating this expression will give us the volume of the dry gas at STP.
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