Information for each transaction recorded in a journal is called an Entry.
The correct option is (c).
Information for each transaction recorded in a journal is called an Entry. Recording both debit and credit parts of a transaction is called Double-Entry Accounting. A business paper from which information is obtained for a journal entry is called a Source Document. document is prepared for each transaction.
The bookkeeper increases the balance of the baking supplies account and decreases the cash account. Two journal entries show 1) an increase in the baking supplies account and 2) an equivalent decrease in the cash account (the bank account).
Hence, The correct option is (c).
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How do you apply formatting features from one piece of text to multiple pieces of text using the Format Painter?
It was the apply formatting features from one piece of text to multiple pieces of text using the Format Painter as select the text, select the format Painter, and they apply the formatting.
What is Format Painter?The term Format Painter was the apply the same formatting on such text in the multiple times. It was the font style, border style, multiple pieces of text, and the other things. It was the repetition of the method.
According to the case, was the using the Format Painter. Format Painter was to apply formatting features to work as one piece of text to multiple pieces of text.
Standard toolbar → double-click the Format Painter → select text → apply the formatting.
As a result, the significance of the apply formatting features are the aforementioned.
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the most common reason that systems fail is because the business requirements are either missing or incorrectly gathered during the analysis phase is
The given statement which is "the most common reason that systems fail is because the business requirements are either missing or incorrectly gathered during the analysis phase " is generally true.
One of the most common reasons that systems fail is due to problems with requirements gathering during the analysis phase. This is because the analysis phase is where the business requirements for the system are identified and documented, and if these requirements are not properly gathered or are incomplete, the resulting system may not meet the needs of the business. This can lead to a variety of problems, including system failures, inefficiencies, and lost productivity. Therefore, it is essential to conduct thorough requirements gathering and analysis to ensure the success of a system.
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The correct question could be
The most common reason that systems fail is because the business requirements are either missing or incorrectly gathered during the analysis phase. State True or False
Mozer Villa & Spa employs a seven-day workweek which begins on a Sunday and a December 31 year-end. Normal weekly wages amount to $76,000. If December 31 is a Tuesday, what is the appropriate journal entry on January 4, the next payday for Mozer Villa & Spa?
a. Debit Wages Expense $76,000
Credit Cash $76,000
b. Debit Wages Expense $43,429
Debit Wages Payable $32,571
Credit Cash $76,000
c. Debit Wages Payable $76,000
Credit Cash $76,000
d. Debit Wages Expense $32,571
Debit Wages Payable $43,429
Credit Cash $76,000
The appropriate journal entry on January 4, the next payday for Mozer Villa & Spa is b.
Debit Wages Expense $43,429Debit Wages Payable $32,571Credit Cash $76,000.What is the journal entry?The journal entry refers to the accounting record that recognizes a business transaction.
For an accrued expense, the appropriate journal entry that records the payment, called an adjusting entry, involves debiting the liability account and crediting the Cash account.
For a partly accrued expense, there is a need for apportionment of the total payment, based on the number of periods.
Transaction Analysis:Normal weekly wages = $76,000
Wages for 3 days from Sunday to Tuesday, December 31 = $32,571 ($76,000 x 3/7)
Wages for 4 days from Wednesday, January 1 to Saturday, January 4, = $43,429 ($76,000 x 4/7)
Thus, the correct journal entry for the accrued wages and payment is Option B.
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disney experienced ____ with the contingency approach with the development of the movie, frozen, because it was able to also use frozen as a theme at its theme parks and in product merchandising.
Disney experienced success with the contingency approach in the development of the movie Frozen because it was able to leverage the popularity of the film across multiple channels, including theme parks and product merchandising.
The contingency approach is a management strategy that involves adapting to changing circumstances and identifying opportunities for growth and expansion. In the case of Frozen, Disney was able to recognize the potential for the film to become a blockbuster hit and develop a comprehensive strategy for capitalizing on its success. By creating a Frozen-themed attraction at its theme parks and developing a wide range of merchandise, from clothing to toys to home goods, Disney was able to the extend the reach and profitability of the Frozen franchise. This is an example of successful contingency planning and execution in the entertainment Corporation industry.
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what is one of the tenets of individualism?
One of the tenets of individualism is the belief in the importance of individual liberty and autonomy.
Autonomy is the state of being independent, self-governing, and self-directed. It is the ability to make decisions and act on one's own, without external influence or control. Autonomy is a fundamental aspect of human development, as it allows individuals to take responsibility for their lives and achieve their goals.
Autonomy can be applied in various settings, including personal, professional, and social contexts. In the workplace, autonomy can empower employees to make decisions that lead to greater job satisfaction and productivity. In personal relationships, autonomy allows individuals to express their individuality and make choices that align with their values and beliefs. Autonomy is also important in the context of political and social systems, as it enables citizens to exercise their rights and participate in democratic processes.
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how would authorities use margin requirements during a recession
Authorities may use margin requirements during a recession as a way to reduce market volatility and prevent market crashes.
These regulations impose a minimum capital requirement on investors before they can make an investment.
Authorities may raise the margin requirements during a recession, which would force investors to put up more money in order to make an investment.
This lessens speculative activity and guards against losses for investors in a volatile market.
Moreover, raising margin requirements might aid in market stabilization and lessen the likelihood of a market crash.
Authorities can safeguard investors and keep the market stable during a recession by imposing margin rules.
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Secretary of the state John Hay's proposed foreign policy that would give all nations equal trading rights in China. It also urged foreigners in China to obey Chinese law and observe fair competition.
Open Door Policy
Each of these nations should have equal access to Chinese trade, according to the Open Door Policy, which was an agreement between China, the US, Japan, and many European powers.
When the Chinese civil war came to a conclusion in 1949, it had been established in 1899 by US Secretary of State John Hay. The US had just recently established itself in East Asia, and they were worried that they would be forced out of the Chinese market by nations that had been there longer than they had. As a result, they came up with the policy to assure that they would still be able to trade with China. How did the Open Door Policy come about? The US had lately established itself in East Asia, and they were concerned that the Chinese government would drive them out.
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Which do risk-takers prefer? a. dividend yield b. market price stock c. non-market price stock d. non-dividend yield
The correct option is D, risk-takers prefer non-dividend yield.
Non-dividend yield is a financial metric that measures the return on investment for a stock or asset that does not pay dividends. It is also known as price appreciation yield or capital gains yield. The non-dividend yield calculates the total return on investment by taking into account the price appreciation of the stock or asset over a specified period, without including the value of any dividends paid out during that period.
Investors may prefer non-dividend yielding stocks or assets if they believe the company has strong growth potential and will see an increase in the stock price over time. Non-dividend yielding stocks are typically found in industries such as technology, where companies reinvest their earnings back into the business for growth and expansion.
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The National Study of Millionaires revealed that millionaires are more likely to...A. Read one nonfiction book each month
B. Calling the hiring manager and introducing yourself
C. One dimensional
D. Learning new things
The National Study of Millionaires revealed that millionaires are more likely to learning new things.
According to the National Study of Millionaires, millionaires are more likely to read at least one nonfiction book per month. This is likely due to their desire to increase their knowledge and stay up-to-date with the current trends. Reading nonfiction books helps to strengthen the understanding of a subject, as well as provides new perspectives. Furthermore, the study suggests that they allocate time each day to stay abreast of the news, think through a problem, or plan their finances. Additionally, millionaires have been found to have a strong commitment to learning new things, which can include taking classes, reading books, attending seminars, joining professional organizations, and networking. By continuously learning and staying informed, millionaires are better able to make informed decisions that can lead to a successful financial future
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Question 12 master help!
The statement which best explains the importance of interest rates in saving money is D. A higher interest rate helps someone's money grow larger over time.
What is the importance of interest rates in saving ?Interest rates are the rates at which a borrower pays interest on a loan or at which a depositor earns interest on savings. When someone saves money in a bank account or other interest-bearing account, the interest rate determines how much their money will grow over time.
A higher interest rate means that a person's savings will earn more interest, and therefore, their money will grow larger over time.
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Which of these best describes a company's ability to provide products and services more effectively and efficiently than competitors
a. micro-organizational behavior
b. alienation
c. industrial competitiveness
d. organizational design
e. organizational processes
The correct answer is c. Industrial competitiveness best describes a company's ability to provide products and services more effectively and efficiently than competitors.
Industrial competition refers to the ability of a firm or an industry to produce goods or services at a lower cost or higher quality than its competitors. It is a key factor in determining the success of a firm or an industry in the market.
In economics, industrial competitiveness is often determined by the market structure, technology, and production efficiency of a firm or an industry. A firm or an industry that is highly competitive is able to produce goods or services that are more efficient and cost-effective than its competitors. This, in turn, leads to a higher market share, profitability, and economic growth.
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rosenberg and guy found that helped to predict a firm's beta. a. the firm's financial characteristics b. the firm's industry group c. firm size d. the firm's financial characteristics and the firm's industry group e. all of the options
Right choice E. A. B. C. all aided in predicting betas. By spreading investments over numerous derivative derivatives, industries, and other categories, diversification is an approach for lowering risk.
What does money actually mean?Money is any item or method in exchange that is accepted by people as payments for goods and amenities or as a way to pay back debt. The world is centred around money. Because it promotes financial expansion and allows for trade, money is crucial to economies.
What kind of financing is the most fundamental?Fundamental financial concepts are built on the foundation of both microeconomic and macroeconomic theories. The three main subfields of finance are personal banking, financial services, and public (public) finance. Consumers and businesses both use financial services to obtain financial products and achieve financial goals.
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how would a business’s computers be classified?
Computers vary in their data processing capabilities. They are categorized by purpose, data processing, and function.
Depending on its purpose, a computer can be either general purpose or special purpose. General purpose computers are designed to perform a wide variety/various of tasks.
Can store many programs, but lacks speed and efficiency. Special purpose computers are designed to solve specific problems or perform specific tasks. A set of instructions is built into the machine.
Depending on data processing, computers can be analog, digital, or hybrid. Analog computers work on the measuring principle in which the obtained measured values are converted into data.
Modern analog computers typically use electrical parameters such as voltage, resistance, and current to represent manipulated variables. Such computers do not process numbers directly. They measure continuous physical quantities.
A digital computer is a computer that processes numbers or other information represented in digital form. Such computers process data into digital values (0s and 1s).
Provides more accurate and faster results. A hybrid computer combines the measurement functions of an analog computer with the counting functions of a digital computer.
These computers use analog components for computation and digital memory for storage.
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what type of research should be used to answer the question: what are the age, gender, and income of our typical purchaser
To respond to the query: What are the age, gender, and income of our average customer? Descriptive research is to be used.
Descriptive research: What is it?The goal of descriptive research is to accurately and methodically describe a population, situation, or phenomenon. Questions like what, where, when, and how can all have answers, but why-related ones cannot. A descriptive research strategy allows for the investigation of one or more variables utilizing a variety of research methodologies.
In contrast to experimental research, the variables in this form of study are simply observed and measured. Descriptive research is the ideal choice when the aim of the study is to uncover features, frequencies, trends, and classifications. It is useful when there is minimal information available on the topic or issue. Prior to looking into why anything happens, it is vital to understand how, when, and where it happens.
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"Expenses directly tied to the level of business activity is the definition ofA. variable costs. B. expected value. C. marginal costs. D. fixed costs.
Expenses directly tied to the level of business activity are the definition of variable costs. Option A. is Correct.
Costs that are inversely correlated with the volume of economic activity are known as variable expenses. Depending on the business's degree of activity, these costs change.
Materials, labor, and shipping expenses are a few examples of variable costs since they change according to how many units are produced or how many services are provided.
In addition to advertising, commissions from sales, and other expenses that rise with revenue are examples of variable costs.
Because they are immediately impacted by the volume of production or the quality of services, variable expenses are crucial to take into account when assessing a company's profitability.
In order to effectively predict a company's long-term profitability, it's critical to keep track of variable costs.
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what is the key factor that determines how fast a population grows? group of answer choices total homeless rate total employment rate total economic rate total fertility rate total death rate
The key factor that determines how fast a population grows is total fertility rate. Thus option (e) is correct.
What is fertility?Fertility refers to the ability of an organism, usually a human or an animal, to produce offspring. It is the ability to conceive and carry a pregnancy to full term, resulting in the birth of a healthy baby.
In humans, fertility is influenced by a number of factors, including genetics, age, health, and lifestyle. Both men and women can experience fertility issues, which can be caused by a range of factors such as hormonal imbalances, medical conditions, or lifestyle choices.
The total fertility rate is a key factor that determines how fast a population grows.
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The ______ is a strategic branding premise, which sets the foundation brand essence and brand values, and makes the emotional connection with the audience.
The brand positioning statement is a strategic branding premise that sets the foundation for a brand's essence and values, and makes an emotional connection with the audience.
A brand's distinctive value proposition is described in a brand positioning statement in a way that sets it apart from its rivals. It highlights the target market for those benefits as well as the main advantages the brand delivers. The development of a brand's marketing strategy, from message and design to product creation and distribution, is aided by a carefully prepared brand positioning statement.
The following components might be included in a typical brand positioning statement:
a description of the intended market, a declaration of the brand's distinctive selling point or major advantages,a description of the character or voice of the brand,a description of the brand's unique selling proposition or competitive edge.
A brand may forge a powerful emotional bond with its audience by developing a clear and engaging brand positioning statement.
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Suppose the U.S. government imposes a tax on ice cream sellers of $0.50 per gallon of ice cream. If the market price of ice cream rises by $0.10 per gallon, we know that:
a. the demand for ice cream is more inelastic than the supply of ice cream.
b. the supply of ice cream is more inelastic than the demand for ice cream.
c. the demand for ice cream is unit elastic.
d. ice cream companies are being nice.
Option B is correct. If indeed the current value of ice cream begins to rise by $0.10 for every gallon, we understand that b. ice cream supply is much more inelastic than ice cream demand.
If supply is more strict than supply, the large percentage of a tax burden tends to fall on consumers. However, if stock is less stretchy than demand, sellers bear this same majority of the fiscal burden.
When a tax is put in place in an industry with inelastic stockpile, such as beachfront hotels, vendors are compelled to agree to reduced prices for their products and services. Taxes have little effect just on equilibrium quantity. The sellers bear this same tax burden in this scenario.
If supply had been elastic and vendors had the alternative of revamping their processes to avoid trying to deliver the tax, this same tax burden on sellers would be significantly lower and the tax will indeed result in a much reduced amount supplied instead of lower costs being paid.
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ice cream maker ben & jerry’s has been fighting for social causes since they were founded in the 1970s. ben cohen, one of the company’s founders, started buying ingredients for his ice cream from a bakery that hired people without doing background checks. that bakery hired many ex-criminals who would have otherwise found it difficult to get jobs. in making that decision, cohen acted as what for his company?
By making the decision to buy ingredients from a company that hired many ex- criminals, Cohen acted as a social entrepreneur for his company.
What is a social entrepreneur ?A social entrepreneur is someone who uses business strategies to create social or environmental change, often in pursuit of a specific social or environmental goal.
In this case, Ben Cohen's decision to source ingredients from a bakery that employed ex-criminals was a deliberate attempt to address social issues related to the reintegration of ex-offenders into society. By supporting the bakery, he helped to create jobs and reduce recidivism.
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The flatter the demand curve passing through a given point, the less elastic the demand curve at that point. (True or False)
The statement the flatter the demand curve passing through a given point, the less elastic the demand curve at that point is false because when prices rise, demand for a product with a high price elasticity of demand will drop significantly.
The downward-sloping demand curve appears flatter for the product with high demand elasticity, and the quantity demanded changes significantly with changes in price. When a product's demand fluctuates less than its price, this phenomenon is known as inelastic demand in economics. The demand for that good or service is more inelastic the steeper the curve.
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The parettis' residence has proved difficult to sell. Salesperson paula mcwhiney suggests it might sell faster if they enclose a portion of the backyard with a privacy fence. If the area to be enclosed is as illustrated, how much would the fence cost at $6. 95 per linear foot?
Cost of fence = P x $6.95 = $6.95P where P represents the perimeter of the enclosed backyard.
As there is no illustration provided in the question, we cannot calculate the exact length of the fence needed to enclose the backyard.
However, we can provide the general formula to calculate the cost of the fence.
The cost of the fence would depend on the perimeter of the enclosed area. To calculate the perimeter, we need to add up the lengths of all the sides of the enclosed area.
Perimeter(P) = sum of the length of all sides
Once we have the perimeter, we can multiply it by the cost per linear foot to get the total cost of the fence.
The formula to calculate the cost of the fence is:
Cost of fence = Perimeter of enclosed area x Cost per linear foot
So, if the perimeter of the enclosed area is P feet, and the cost per linear foot is $6.95, then the cost of the fence would be:
Cost of fence = P x $6.95
Without knowing the dimensions of the enclosed area, we cannot calculate the perimeter or the cost of the fence.
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what is the likely advantage of extending credit to customers?
Answer:
Increases sales: When customers have a longer period of time to pay you back, customers tend to purchase more goods and services from you. More buying power for your customers translates to increased profits for your business.
When economists say the quantity supplied of a product has increased, they mean the a. supply curve has shifted to the rightb. price of the product has fallen, and consequently, suppliers are producing less of itc. supply curve has shifted to the leftd. price of the product has risen, and consequently, suppliers are producing more of it
Option c is Correct. When economists say a product has been delivered in a greater quantity, they are referring to a leftward change in the supply curve.
The supply curve has changed to the right, the price of the good has decreased, and as a result, suppliers are manufacturing less of it. The supply curve has shifted to the left, the price of the good has climbed, and as a result, suppliers are creating more of the good.
The quantity of an item or service that a producer is willing to offer at each price is what economists refer to when they talk about supply. The amount charged by the manufacturer for each unit of an item or service is known as the price.
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Correct Question:
When economists say the quantity supplied of a product has increased, they mean the
a. supply curve has shifted to the right
b. price of the product has fallen, and consequently, suppliers are producing less of it
c. supply curve has shifted to the left
d. price of the product has risen, and consequently, suppliers are producing more of it.
Which one of the following is a working capital management decision?
A. determining the amount of equipment needed to complete a job
B. determining whether to pay cash for a purchase or use the credit offered by the supplier
C. determining the amount of long-term debt required to complete a project
D. determining the number of shares of stock to issue to fund an acquisition
E. determining whether or not a project should be accepted
The following is a working capital management decision determining whether to pay cash for a purchase or use the credit offered by the supplier. option (B) is correct.
Working capital administration focuses on more productive utilization of an organization's assets by checking and enhancing the utilization of current resources and liabilities. As recognized by the vast majority of the experimental investigations, we have explored the accompanying determinants of working capital administration.
Working capital is a monetary metric that is the distinction between an organization's ongoing resources and current liabilities. The objective is to keep up with adequate income to meet its momentary working expenses and transient obligation commitments and boost productivity.
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a perpetuity of $5,000 per year beginning today offers a 15% return. rounded to dollars and cents, what is its present value?
A perpetuity of $5,000 per year starting today gives you a 15% return. Rounded to dollars and cents, its present value will be $33,333.33
How to calculate the present value?It is necessary to calculate the annual payment divided by the discount rate, so we will have the following formula:
Present value = Annual payment / Discount rate.Therefore, since we have the annual payment and $5,000 and the discount rate of 15%, we will have the following present value:
Present value = $5,000/ 0.15Present value = $33,333.33Find more about present value at:
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a situation in which resources are used in the most productive way possible to produce the goods and services that have the greatest economic value to society is called
A situation in which resources are used in the most productive way possible to produce the goods and services that have the greatest economic value to society is called Efficiency.
Economics can be broadly divided into microeconomics and macroeconomics. Microeconomics focuses on the behavior of individuals and firms in the marketplace, while macroeconomics deals with the overall performance of the economy, including factors such as inflation, unemployment, and economic growth.
Economists use various tools, such as mathematical models and statistical analysis, to study the economy and make predictions about future economic trends. They also provide guidance on policy decisions, such as tax rates, government spending, and monetary policy, to help promote economic growth and stability. The field of economics is constantly evolving, and new theories and models are developed to better understand the complexities of the global economy.
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Complete Question: -
Describe a situation in which resources are used in the most productive way possible to produce the goods and services that have the greatest economic value to society.
There is no question about it: benefits can be a much more meaningful offering to employees than a maximized salary. Not only can benefits potentially be worth more monetarily over time, they may also offer priceless piece of mind that can alleviate some of the stress your employees feel at work and at home.
Workers could value 401(k) plans or health insurance more than a wage that is maximised. Here are some explanations as to why providing your employees with money may not be the best option.
A conundrum affects small enterprises. Should they prioritise maximising employee wages with a limited budget or should they provide a generous benefits package? A greater salary with fewer or no benefits may not have the same impact on employee morale and retention as a 401(k), health insurance, or combination of perks offered by your company.For instance, according to a recent Harris Poll, 4 out of 5 American workers would prefer an update to their benefits package than a pay raise. Why then do workers
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According to the chart, the initial monthly payment demarco and tanya should anticipate paying on principal and interest is . they should budget $400 for insurance and tax payments, so the total amount they should anticipate paying monthly is .
The correct option is B. According to the chart, the initial monthly payment Demarco and Tanya should anticipate paying on principal and interest is $811.
Interest in business refers to the level of curiosity, passion, and motivation one has toward the world of commerce and entrepreneurship. Business is a broad field that encompasses various aspects such as finance, marketing, management, and economics. An interest in business can manifest in different ways, such as the desire to start a business, the fascination with how successful businesses operate, or the interest in studying business-related subjects.
Having an interest in business can be beneficial in many ways. It can lead to the development of skills such as critical thinking, problem-solving, decision-making, and communication, which are essential for success in any business venture. Furthermore, an interest in business can provide individuals with a better understanding of the market, consumer behavior, and the economy, which can be useful in making informed decisions and identifying opportunities.
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Complete Question:
According to the chart, the initial monthly payment Demarco and Tanya should anticipate paying on principal and interest is _____.
A.) $711
B.) $811
C.) $911
blossom company applies manufacturing overhead to jobs on the basis of machine hours used. what is the amount of under- or overapplied overhead at december 31
If Blossom Company applies manufacturing overhead to jobs on the basis of machine hours used. the amount of underapplied overhead at December 31 is $9,800.
How to find the amount of underapplied overhead ?First, we need to calculate the predetermined overhead rate using the estimated overhead costs and estimated machine hours:
Predetermined overhead rate = Estimated overhead costs / Estimated machine hours
Predetermined overhead rate = $346,775 / 126,100 hours
Predetermined overhead rate = $2.75 per machine hour
Next, we can calculate the total overhead applied to production using the actual machine hours used:
Overhead applied = Actual machine hours used x Predetermined overhead rate
Overhead applied = 130,800 hours x $2.75 per hour
Overhead applied = $359,700
Finally, we can calculate the amount of overapplied or underapplied overhead by comparing the overhead applied to the actual overhead costs incurred:
Overhead variance = Actual overhead costs incurred - Overhead applied
Overhead variance = $369,500 - $359,700
Overhead variance = $9,800 underapplied overhead
Therefore, the amount of underapplied overhead at December 31 is $9,800.
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The complete question is:
Blossom Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $346,775 for the year, and machine usage is estimated at 126,100 hours. For the year, $369,500 of overhead costs are incurred and 130,800 hours are used. what is the amount of under- or overapplied overhead at december 31
This specifies the way in which an outcome will be achieved and can include the actions to be taken, the resources to be used, and the time frame for accomplishment.a. contingencyb. planc. goald. resource
plan is the best course of action. Turning thoughts into doable tasks is the process of planning. The four main types of planning are strategic, tactical, operational, and contingency planning.
Organizations set their aims and objectives through the process of strategic planning. Long-term operations typically require strategic planning, whereas short-term objectives and resource projections typically require tactical and operational planning. Employees establish and prioritise their goals during the tactical planning phase, which is a crucial step in the planning process. Tactical plans can be used for a variety of tasks, including establishing marketing campaigns, developing organisational policies, and developing marketing strategies. Lower-level departments within a corporation can be developed and their performance evaluated using tactical plans.
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