Gitano Products operates a job-order costing system and applies overhead cost to jobs on the basis of direct materials used in production (not on the basis of raw materials purchased). All materials are classified as direct materials. In computing a predetermined overhead rate at the beginning of the year, the company's estimates were: manufacturing overhead cost, 800,000 ; and direct materials to be used in production, 500,000 . The company has provided the following data in the form of an Excel worksheet:
(a) (i). Compute the predetermined overhead rate for the year. (ii). Compute the amount of underapplied or overapplied overhead for the year.

Answers

Answer 1

(a) Predetermined overhead rate = Estimated total manufacturing overhead cost/ Estimated total amount of the allocation base    

=$8,00,000/$5,00,000 = 160%  

(b) Computation of  the amount of underapplied or overapplied overhead for the year has been attached as an image with the solution.

What is  Predetermined overhead rate?

An allocation rate called a predefined overhead rate is used to apply a projected manufacturing overhead cost to either products or job orders.At the beginning of an accounting period, this rate is often determined by dividing the cost of manufacturing overhead by the activity driver, also known as the activity base or allocation base.Machine hours, direct materials, or direct labour hours are typical illustrations of activity drivers.

(a) Predetermined overhead rate = Estimated total manufacturing overhead cost/ Estimated total amount of the allocation base    

=$8,00,000/$5,00,000 = 160%  

(b) Computation of  the amount of underapplied or overapplied overhead for the year has been attached as an image with the solution

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Gitano Products Operates A Job-order Costing System And Applies Overhead Cost To Jobs On The Basis Of

Related Questions

In which column of the cash payments journal are the amounts that are posted individually to the accounts payable ledger?

Answers

The amounts that are individually submitted to the accounts payable ledger are shown in the cash payments journal's Accounts Payable Debit column. The Accounts Payable Debit column is seen on an account's left side.

in the economic The broad definition of a debit balance in a payable account is that the firm owes money, whereas a credit balance denotes that the company is owed money. Accounts payable often have a negative balance, indicating that the firm is due money. The business's accounts payable includes any unpaid debts that must be paid soon.

Cash reception posting to a specific customer account equals a subsidiary ledge for accounts receivable.

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Opportunity, profit, independence, and challenge are some reasons people are willing to take the risks of being a(n)

Answers

Answer: entrepreneur

Explanation:

Dota inc stock has a 25% chance of producing a 30% return, a 50% chance of producing a 12% return and a 25% chance producing a 18%. What is the firm expected rate return?

Answers

The question is incomplete. Here is the complete question.

Dota inc stock has a 25% chance of producing a 30% return, a 50% chance of producing a 12% return and a 25% chance producing a -18%. What is the firm expected rate return?

Answer:

9%

Explanation:

Dora incorporation stock has a 25% chance of producing a 30% return

50% chance of producing a 12% return

25% chance of producing a -18% return

Therefore the firm's expected rate of return can be calculated as follows

= 25/100(30) + 50/100(12) + 25/100(-18)

= 0.25(30) + 0.50(12) + 0.25(-18)

= 7.5% + 6% - 4.5%

= 9%

Hence the firm's expected rate of return is 9%

you start a small beekeeping business. your initial costs are $500 for equipment and bees. you estimate it will cost $1.25 per pound to collect, clean, bottle, and label the honey. how many pounds of honey must you produce before your average cost per pound is $1.79?

Answers

The beekeeper must produce approximately 926 pounds of honey before the average cost per pound is $1.79.

Let's assume that the average cost per pound is the total cost divided by the number of pounds produced.

Let `x` be the number of pounds of honey produced.

The total cost is given by:

`Total Cost = Fixed Cost + Variable Cost`

The fixed cost is the initial cost of $500 and the variable cost is the cost of collecting, cleaning, bottling, and labeling the honey, which is $1.25 per pound. Therefore, the total cost is:

`Total Cost = $500 + $1.25x`

The average cost per pound is:

`Average Cost = Total Cost / x`

We want the average cost per pound to be $1.79. Therefore, we can write:

`$1.79 = ($500 + $1.25x) / x`

Multiplying both sides by `x` gives:

`$1.79 x = $500 + $1.25x`

Simplifying this equation gives:

`$0.54 x = $500`

Dividing both sides by 0.54 gives:

`x = 925.93`

Therefore, the beekeeper must produce approximately 926 pounds of honey before the average cost per pound is $1.79.

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Property rights are important to a free enterprise system because they:
A. Allow businesses to freely take ideas from competing companies.
B. Protect businesses' freedom to buy and sell products.
C. Encourage businesses to keep prices as low as possible
D. Place regulations on businesses that make dangerous products.

Answers

Protect businesses' freedom to buy and sell products

Brainliest is appreciated :)

The following graphs show the respective sales data of two store branches, east and west. All profits are listed in
thousands of dollars. Which graph does not show the same data as the others?

The following graphs show the respective sales data of two store branches, east and west. All profits

Answers

Answer:

B. I just took the test and got it right!! I hope this helps!!!

Explanation:

Answer:

B

Explanation:

PLEASE ive been asking for days i need help with this i don't understand it

you can ignore #5-- i just don't understand #6

PLEASE ive been asking for days i need help with this i don't understand it you can ignore #5-- i just

Answers

Answer:

$47

Explanation:

Because she can afford the 144 bushel plan, in the long run it is cheaper per bushel so you would choose to market that one to her because it is cheaper in the long run for as well as she grows more bushels.

Why is it important to think about earning potential and employment growth rate when thinking
about a trade to pursue?

Answers

It is important to think about earning potential and employment growth rate when thinking about a trade to pursue because it gives you valuable insight into how easy it will be for you to get employed in that particular occupation. Say that you already know what career you want to pursue.

Total employment is projected to grow by 8.3 million jobs from 2021-31. Nearly a third of recent jobs are projected to be in tending and social assistance. Pandemic recovery could be a key driver of projected job growth in some sectors. The activity Outlook reference book options 2021-31. Jobs growth is measured within the U.S. by the number of workers other than nonfarm payrolls monthly, as reportable by the U.S. Bureau of Labor Statistics (BLS).

It's a key indicator of the pace of economic expansion. Nonfarm payrolls are a part of our state of affairs outline printed by the BLS, the widely followed applied mathematics release higher referred to as the monthly jobs report. Jobs growth refers to internet increases within the variety of nonfarm payrolls throughout the previous month. This number is widely followed as a result employment is crucial for economic performance.

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If I am convinced that my own neighborhood is safer than it used to be, but that the crime rate in my society is at an all-time high, I am falling victim to...
A) Probability neglect
B) Shifting the burden of proof fallacy
C) Presumptive pessimism

Answers

Answer:

A) Probability neglect

Explanation:

You probably have lived there so long that you neglect to see what the true crime is, and you honestly could care less if its at it all time high

Answer:

A) Probability neglect

Explanation:

its neglectful if you do this

For managers, the importance of Maslow's contribution is that he showed that workers Group of answer choices are interested only in compensation that helps them fulfill physiological needs. have needs beyond that of just earning a paycheck. are as complex as their organization. expect an employer to fulfill every level in their hierarchy of needs. have needs that cannot be understood by their employer.

Answers

Answer:

have needs beyond that of just earning a paycheck.

If an agency's qualifying new business premium is ____ than the set minimum in a given month or quarter in the prior year, that agent's baseline will be increased to the minimum baseline that month or quarter.

Answers

Answer:

lower

Explanation:

If the premium set is below the minimum threshold then agent baseline will be increased. This is because the commission of an agent is based on the percentage of the premium. If the premium amount is lower then the commission will also be lower resulting in the agent baseline to decrease.

1, xyz company cost function for the next four month is cost =500000+5Q A, find the BE dollar volume of sale is the selling price is birr 6/unit B, what would be the company cost is it decides to shutdown operation for the next four month

Answers

Answer:

Break Even point Q = 500000

Shut Down Point P < 5

Explanation:

Break Even point is where Total Revenue = Total Cost.

Total cost = 500000 + 5Q, price = 6 (Given) , Total revenue = Price x quantity  

So, TR = TC implies : 500000 + 5Q = 6Q → 500000 = 6Q - 5Q

Q = 500000

Shut Down Point is where firm's Price is < its Average Variable Cost .  

AVC is the variable cost on per unit output, is found out by average of variable component of cost function. C = 500000 + 5Q implies variable cost = 5Q , so AVC = 5Q / Q = 5

So, the firm would shut down if its price would go below AVC , ie if P < 5

Protecting intellectual property rights is important to a free enterprise system because:
A. it gives the government the ability to regulate businesses.
B. it allows entrepreneurs to profit from their ideas.
C. it ensures that businesses sell products at fair prices.
D. it makes more money available for starting new companies

Answers

Answer:

B. it allows entrepreneurs to profit from their ideas.

Explanation:

Intellectual properties are valuable ideas, innovations, and creations to a business. They are intangible assets that give a business its competitive advantage. Protecting intellectual properties ensure an individual or entity reaps the full benefits of the inventions and creations.

Protecting intellectual properties safeguards a company's ideas from being exploited by its competitors for commercial gains. It gives a business the right to exclusively profits from its innovations. Protecting intellectual properties encourages research and development as entrepreneurs are guaranteed to benefit from their creations.

How
a regulated firm could seek to implement an effective corporate
governance regime?

Answers

Corporate governance involves the method by which organizations are governed and controlled. The objective of corporate governance is to ensure that firms are run in a way that complies with the law, their articles of association, and the best interests of their shareholders.

A regulated firm can implement an effective corporate governance regime in the following ways:Independent board The board of directors should be independent of the company's management to ensure effective governance. Members of the board of directors should be able to make impartial choices and be able to act in the best interests of the company's stakeholders.

Board members should be well-informed about the company's activities, plans, and risks to be able to make informed decisions. The board of directors should also be responsible for approving the company's business strategies and assessing their success.

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Name some eco-friendly features you might look for while shopping for your first vehicle
Also, explain techniques you can use while driving any vehicle to increase fuel efficiency and reduce emissions it’s for my ed class

Answers

Answer

Some Eco friendly features you might look for may include a gas efficiency button to regulate between gas and electric motors thus decreasing emissions. another great pointer is LED lights instead of older bulb lights, Most pivotal idea in buying the most Eco friendly car would have to be the weight most definitely, the lighter the vehicle the less environmental impact.

if a company reports a net loss it means

Answers

Answer: Negative net profit

Explanation:

A net loss occurs when the sum total of expenses exceeds the total income or revenue generated by a business, project, transaction, or investment.

Answer: Negative net profit

Explanation:

The owner of the rapids river rafting company wants to advertise to a broader customer base as a way to increase revenue. Employees are a little resistant to his plan. What is one way he can persuade them that this is a good idea?

Answers

Answer:

Document ways diversity played a crucial role for business in the past

Explanation:

River rafting refers to the activity of moving quickly in a small boat along rivers

The owner of the rapids river rafting company wants to advertise to a broader customer base as a way to increase revenue.

But the employees are a little resistant to his plan.

For this document ways, diversity has played a crucial role in business in the past.

So, he can follow such ways.

The owner of Firewood To Go is considering buying a hydraulic wood splitter which sells for $50,000. He figures it will cost an additional $100 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $125. How many cords of wood would he have to split with this machine to break even

Answers

Answer:

The correct answer is "2000 units".

Explanation:

Given:

Fixed cost,

F = $50,000

Variable cost,

VC = $100 per unit

Price,

P = $125 per unit

Let the units to be sold be "x".

Throughout the case of breakeven,

⇒ \(Total \ revenue=Total \ cost\)

⇒                \(125x=50000+100x\)

On subtracting "100x" from both sides,

⇒    \(125x-100x=50000+100x-125x\)

⇒                  \(25x=50000\)

⇒                      \(x=\frac{50000}{25}\)

⇒                         \(=2000 \ units\)

If the trading desk is instructed to increase the federal funds rate, its traders _________ securities dealers, and those dealers’ bank account balances are __________.
a. sell treasury securities to; increased.
b. sell treasury securities to; reduced.
c. buy treasury securities from; reduced.
d. buy treasury securities from; increased.

Answers

If the trading desk is instructed to increase the federal funds rate, its traders sell treasury securities to securities dealers, and those dealers' bank account balances are reduced.

When the trading desk increases the federal funds rate, it means they want to tighten monetary policy and reduce the money supply in the banking system. To achieve this, the trading desk conducts open market operations by selling treasury securities to securities dealers, such as banks. These dealers purchase the treasury securities from the trading desk using their bank account balances. As a result, the bank account balances of the securities dealers are reduced because they are using those funds to buy the treasury securities. This action helps to decrease the money supply in the banking system and raise the federal funds rate.

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capital rationing. suppose you have the following investment opportunities, but only $90,000 available for investment. which projects should you take?

Answers

There are several investment opportunities available, but only $90,000 is available for investment. Therefore, you must decide which projects to take on based on their respective costs and expected returns.

Capital rationing is the process of limiting the amount of funds that are allocated to investment opportunities due to the limited availability of capital. This can be due to a variety of reasons, such as limited resources or budget constraints. To determine which projects to take, you should start by analyzing each investment opportunity. You should consider the initial investment required, the expected cash flows, and the estimated payback period. You should also consider any additional factors that may impact the investment, such as market conditions or the competitive landscape.

Once you have analyzed each investment opportunity, you should rank them in order of their expected returns. You can then allocate your available capital to the projects with the highest expected returns until you reach your budget of $90,000.

It is important to note that in some cases, it may be more beneficial to invest in one larger project rather than multiple smaller projects. This is because larger projects may offer a greater return on investment and may be less risky than smaller projects.

In summary, when faced with capital rationing, it is important to carefully analyze each investment opportunity and prioritize projects based on their expected returns. While it may be tempting to invest in multiple projects, it is important to remember that investing in one larger project may be more beneficial in the long run.

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Do purchases over 10000 get reported?.

Answers

If the purchase is exceed $10,000, then it will definitely get reported.

Purchase:

Purchases refers the acquisition of goods or services in exchange for a payment of some kind.

Given,

Here we need to find if  purchases over 10000 get reported.

As per the concept of accounting, Once the dealership receives cash exceeding $10,000, then the Form 8300 must be filed. Because, the deal not going through may in fact be an attempt to launder illegal funds.

Whereas If $10,000 or less was received by the dealer and the deal was cancelled, then the dealer may voluntarily file a Form 8300 if the transaction appears suspicious.

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Pleaseeeeeee help meeee

Pleaseeeeeee help meeee

Answers

Answer: A

Explanation:

She could have saved 75 if she bought the LG

Hopes this helps

Definition: The annual interest rate paid by a bond. It does not reflect the interest rate paid over the life
of the bond

Answers

Answer:

the answer is: Current yield

help please and thank youuuuuu

help please and thank youuuuuu

Answers

Answer:

B I'm pretty sure sorry if I get it wrong

Answer:

sales tax

Explanation:

sales tax is a tax a costumer pays for certain goods and services

which piano is the best for beginners? List 5 best pianoes.​

Answers

Answer:

1:Yamaha YPT-269

2:Casio PX-770

3:Korg EK-50

4:Roland

5:Go:keys

Answer:

1. Yamaha P-45

2. Yamaha YDP-S34

3. Casio PX-770

4. Korg B1SP

5. Roland RP102

Explanation:

do you think the government should help businesses like SJD? justify your answer​

Answers

Answer:

yes

Explanation:

coz we're not getting any help

What is the marginal revenue and marginal cost for this diagram?

What type of market is this? Explain your answer

What is the marginal revenue and marginal cost for this diagram?What type of market is this? Explain

Answers

Marginal revenue :

2060120200300420560

Marginal cost :

108210192640

It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.

Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.

Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.

Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.

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Foliate papillae are found ______.
a.
along the front of the tongue; they response to sour taste
b.
along the side of the tongue; they respond to all five basic tastes
c.
all over the tongue; they respond to umami tastes
d.
underneath the tongue; they respond to salty taste

Answers

We choose option B to complete the sentence as "Foliate papillae are found along the side of the tongue; they respond to all five basic tastes."

What is foliate papillae?

The foliate papillae, visible on the sides of the back part of the tongue, consist of several close-together rough folds. The primary function of the foliate papillae is to perceive taste.

It is worth noting that all regions of the tongue can sense all flavors, contrary to the misconception that different tongue regions are responsible for specific flavors. However, the foliate papillae on the sides of the tongue are generally more sensitive than the middle area, and the back of the tongue is particularly sensitive to bitter flavors.

That is why we believe option B to be right answer.

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Assume the demand for watermelons is downward sloping. a decrease in the market price from $3 per pound to $2 per pound:______. group of answer choices

Answers

Assuming the demand for watermelons is downward sloping, a decrease in the market price from $3 per pound to $2 per pound will likely lead to an increase in the quantity demanded of watermelons. This is because, according to the law of demand, as the price of a good decreases, the quantity demanded tends to increase.

The extent of the increase in quantity demanded will depend on the price elasticity of demand for watermelons. If the demand for watermelons is relatively elastic (responsive to price changes), the decrease in price may lead to a proportionally larger increase in quantity demanded.

On the other hand, if the demand is relatively inelastic (less responsive to price changes), the increase in quantity demanded may be relatively smaller.

Factors such as consumer preferences, income levels, availability of substitutes, and market conditions will also influence the magnitude of the change in quantity demanded in response to the price decrease.

Overall, the decrease in the market price of watermelons from $3 per pound to $2 per pound is expected to result in an increase in the quantity demanded, assuming a downward-sloping demand curve.

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Final answer:

Assuming the demand for watermelons is downward sloping, a decrease in the market price from $3 per pound to $2 per pound is likely to increase the quantity demanded but might decrease the quantity of watermelons supplied in the market. This situation follows the law of demand, and an imbalance in supply and demand can affect market dynamics.

Explanation:

Assuming the demand for watermelons is downward sloping, a decrease in the market price from $3 per pound to $2 per pound would increase the quantity demanded for watermelons. This concept is related to the law of demand, which states that, all other factors being equal, as the price of a product decreases, the quantity demanded increases. For instance, if we look at the example of gasoline provided in the context, when the price per gallon reduced to $1.20, the quantity demanded increased from 600 to 700 while the quantity supplied decreased from 600 to 550. Hence, similar would be the case with watermelons with a price decrease.

However, from a supplier’s perspective, this price decrease might affect the supply of watermelons. Similar to the gasoline scenario, if the new price falls below equilibrium, the incentive for producers to produce and sell their product drops, which might result in a decrease in the quantity of watermelons supplied on the market. So, it's crucial to understand that while a price decrease typically increases demand, it can simultaneously decrease supply.

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Compare the product life cycle to the business cycle. Include at least one similarity and one difference.

Answers

Explanation:

A product life cycle refers to the life of a product in the market, and the processes that it goes through in relation to the business costs, as well as the sales measures. The business life cycle is the progression of a business in phases over time and is most commonly divided into five stages: launch, growth, shake-out, maturity, and decline. One major similarity between the product and project life cycles is that both are comprised of different and several phases or stages. These phases are very vital because they ensure that the requirements of the cycles are provided for and that both the goals and the objectives of the cycles are achieved. For instance, while some of the phases of the product cycle include the growth and maturation stages, those of the project life cycle include the birth and closure phases. The aim of integrating the phases in the life cycles is to ensure that there is proper coordination of the activities that take place in the cycles. The two cycles are closely related to each other. In some cases, a product may consist of more than one project, where the projects act as the subset of the product. This makes it necessary for the bigger product view to be put into consideration when it comes to project management. The product and project life cycles face various challenges which demand the adoption of strategies in the cycle phases, with the aim of ensuring that the cycles give the desired results.

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100 points for correct answer and I'll give brainiest!!Identify the climax in The Interlopers and explain how the climax and the falling action reveal the central idea or theme of the short story. Use evidence from the text to support your response. Your response should be one to two complete paragraphs. A 2-cup serving of chicken noodle soup has 1.5 ounces of noodles.Use the description of the proportional relationship to complete the table.Enter the correct answers in the boxes.Cup of soup, x Ounces of noodles, y2 1.53 ?? 3 is sandy, silt, or clay loam better? and why? The following lines are parallel:y = 3x + 7y = - 1 / 3x - 1 when a partner receives property other than money and hot assets in a liquidating distribution and the partner's outside basis is greater than the inside bases of the distributed assets, the basis of the other property will be A store sells nuts in 8 ounce cans and 12 ounce cans. On Monday, the store sold 8 containers of each size of nuts. How many pounds of nuts did the store sell on Monday?A. 14 pounds B. 10 pounds C. 20 pounds D. 4 pounds Question 5 of 23Click to read the passages from "The Perils of Indifference" and "Nobel PrizeAcceptance Speech," by Elie Wiesel. Then answer the question.What concept does Wiesel address in both of these passages?A. He shares his opinions about the Middle Ages.B. He shares personal experience with human suffering andoppression.C. He describes the history of World War II.OD. He explains that people will forget him, but not the Holocaust.SUBMIT true/false: any arithmetic operation may be performed on pointers. help me please with this Pls help summer homework :D C: Pls help me.. I dont understand Two characteristics of an autocratic and democratic leadership style Simplify the expression9v^2(u^2+ uv -5v^2) The SAT is taken by high school students nationwide. In 2021, the mean score in South Carolina was 1036 with a standard deviation of 186. In 2021, North Carolina scores had a mean 1150 with a mean of 181. Samantha, a high school senior in South Carolina, scored 1100 on the SAT. Nick, a high school senior in North Carolina, scored 1200 on the SAT. Who has a better relative score? Why? a block of unknown material has a mass of 887.6 g. it measures 7.31 cm x 4.24 cm x 2.15 cm. what is the density of the block? give answer in units of g/cm3 and remember correct significant figures. if box a represents businesses or firms, b the resource market, and c households, and if flow (7) represents goods and services, then flow (6) would represent URGENT PLZ HELPWhich of the following statements is true?a. In an endothermic process heat is transferred from the surroundings to thesystem.b. In an exothermic process heat is transferred from the surroundings to thesystem.C. The surroundings will feel cooler in an exothermic process.d. The surroundings will feel warmer in an endothermic process. The part of the perception process known as _____ involves attending to just a narrow range of the full array of sensory information available and ignoring the remainder.a) selectionb) organizationc) interpretationd) reflection What protocol is used to discover the hardware address of a node with a certain IP address? the nurse is caring for a patient who will have a large abdominal bandage secured with an abdominal binder. which actions will the nurse take before applying the bandage and binder?