Complete Question:
Change the estimated total amount of the allocation base back to 65,000 machine-hours, so that the data area of you worksheet looks exactly the same as in Requirement 2. Now change the actual manufacturing overhead cost from $395,700 to $387,000. The data area of your worksheet should now look like this:
Allocation base is Machine-hours Estimated manufacturing overhead cost $383,500 Estimated total amount of the allocation base 65,000 machine-hoursActual manufacturing overhead cost $387,000 Actual total amount of the allocation base 63,000 machine-hoursRequirement:
Why is the amount of underapplied (overapplied) manufacturing overhead different from Requirement 2 above?
A. The predetermined overhead rate changed.
B. The change in the actual manufacturing overhead cost directly resulted in a comparable change in the amount of underapplied (overapplied) manufacturing overhead.
C. The change in the estimated total amount of the allocation base affected the amount of manufacturing overhead applied.
Answer:
Option B. The change in the actual manufacturing overhead cost directly resulted in a comparable change in the amount of underapplied (overapplied) manufacturing overhead.
Option C. The change in the estimated total amount of the allocation base affected the amount of manufacturing overhead applied.
Explanation:
Option A is incorrect because predetermined Overhead Absorption Rate (OAR) never changes.
Option B is correct. Due to budgeted ($383,500) and actual Manufacturing overhead cost ($387,000) difference which clearly shows that the actual cost was higher than the budgeted manufacturing cost. This cost difference factor was one of the main reason of underapplied overhead cost. Furthermore, due to this difference the Actual Overhead Absorption Rate was higher and the Budgeted Overhead Absorption Rate that we were using for pricing and costing purpose was lower in value.
Option C. Due to the difference between budgeted (65,000 Hrs) and actual allocation Base (63,000 Hrs) which is machine hours in this case. The overhead absorbed on the basis of machine hours (63,000 Hrs) were lower than the budget set (65,000 Hrs). Allocation base is an appropriate basis which is use to assign overhead cost to each unit product, it can be units product, labor hours, machine hours, etc.
Deecee Co. adjusted its historical cost income statement by applying specific price indexes to its depreciation expense and cost of goods sold. Deecee's adjusted income statement is prepared according to
Answer: Current cost accounting
Explanation:
From the question, we are informed that Deecee Co. adjusted its historical cost income statement by applying specific price indexes to its depreciation expense and cost of goods sold.
This shows that Deecee's adjusted income statement is prepared according to current cost accounting. Under current cost accounting, it should be noted that it is possible to use specific price indexes to restate the financial statements items.
complete the statement with the correct words the blank was established in 2010 as a result of the dud Frank Act
Answer: Consumer Financial Protection Bureau
Explanation:
The Consumer Financial Protection Bureau (CFPB) was established in 2010 as a result of the Dodd-Frank Wall Street Reform and Consumer Protection Act which was passed by congress in a bid to make changes to the nation's financial systems and correct factors that may contribute to another crises like the Great Recession of 2008.
The CFPB's role is to protect the interest of customers in the financial services sector and as a result all financial services providers in the United States fall under its jurisdiction including banks, securities firms and credit unions.
What type of planning deals with specific markets or market segments and the development of marketing programs that will fulfill the needs of customers in those markets?
Answer:
Tactical planning.
Explanation:
Tactical planning is a type of planning that deals with specific markets or market segments and the development of marketing programs that will fulfill the needs of customers in those markets. It usually occurs after an individual, organization or team has created its strategic plan which typically outlines their specific goals and objectives.
Hence, it simply describe or highlight the steps and actions to be taken by an individual, organization or team in order to achieve the set goals and objectives from a strategic plan.
An important attribute to keep in mind when comparing cash-management options is liquidity. In general, the __________ the liquidity of a cash management option is the____________the interest rate will be for that option. Group of answer choices
Answer:
No options were given, but I believe that the correct answers would be:
In general, the HIGHER the liquidity of a cash management option is the LOWER the interest rate will be for that option.
Explanation:
The most liquid asset is cash, and holding cash in a checking account generally yields no interest or an extremely low interest (e.g. 0.2 - 0.75% per year). If you hold cash in a savings account you will get a slightly higher rate, between 1-2% per year.
On the other hand, if you invest in long term corporate bonds, the interest rate is between 6-7%.
The more liquid the investment, the lower the interest rate.
Sophie issues a promissory note made "payable to the order of Molly." Molly indorses the note by signing her name and gives the note to Dana. Which of the following is correct?
a. Sophie issued a bearer instrument and Molly kept it in bearer form.
b. Sophie issued an order instrument,but Molly changed it to bearer form.
c. Sophie issued an order instrument and Molly kept it in order form.
d. Sophie issued a bearer instrument and Molly changed it to bearer form.
Answer: b. Sophie issued an order instrument, but Molly changed it to bearer form
Explanation:
An order instrument is an instrument that is payable to a specific individual that's referred to as a payee or any person the payee designates to carry out the payment. They require a signature as a means of authorization of transaction, an example of this order of payment is a cheque.
Bearer form indicates a form that the owner of such item is to claim teir goods, item or services.
Dalvin is considering multiple job offers. His wife recently had a baby with serious health issues. What non-income factor would influence his decision?
Answer:
Availability of benefits
Explanation:
Non-income factors are the factors apart from the income factors that have a direct effect. In non-income factors, personal characteristics such as marriage, health, friendship, religion, and such other factors are taken into consideration. These factors mold or changes the economic decisions based on satisfaction and level of happiness.
In the above excerpt, the non-income factor of availability of benefits has influenced Dalvin on taking the decision of taking the job.
Refrigerant ____ is to reprocess refrigerant to new product specifications as set by Environmental Protection Agency (E.P.A.).
Answer:
Reclaiming
Explanation:
From the question we were told tha refrigerant "Reclaiming" is to reprocess refrigerant to new product specifications as set by Environmental Protection Agency (E.P.A.).
Reclaiming is the process of reforming, or to turn wastes refuse through industrial process or natural process into a useful products or substance.its a means in which usable material is been generated from. by products which is achieved through following the rules set by
Environmental Protection Agency (E.P.A.). for safety of all.
William read in his textbook that he should avoid bouncing checks like the plague. He learned the hard way just how true this is. When he wrote a $7.50 check to Subway he only had $6.00 in his checking account and his check bounced. He was astounded at the cost of this first bounced check. If this cost was the same as the national average, what did William pay for bouncing his first check
Answer:
William must have paid about $30 for his bounced check of $7.50.
Explanation:
The bank charges this much in order to deter people from frivolously writing checks that they know would bounce and to pay for the service they render to having to return the bounced. I think that it is a reasonable charge because some people have refused to learn. Some others think that they can continue with their duplicity at all times. There must a way to check their unkind actions of creating unnecessary and irresponsible work.
A junior marketing executive at MorningGo Cereals suggests increasing the package size and price of its best-selling brand without increasing the amount of cereal inside the box. Her superior warns that this might be a bad idea because MorningGo's long-term survival, like most companies, depends on
Answer:
Creating and maintaining satisfying exchange relationship
Explanation:
One key factor that company prioritizes for the the sake of long term survival is providing a justifiable value for every transaction that occur with customers as this help to build a long lasting relationship based on trust.
The junior marketing executive's decision to increase the size and price without a commensurable increase in the quantity of the product is deceitful and fraudulent and this could jeopardize their relationship with customers and the long term survival eventually threatened.
The exchange-rate effect is one of the reasons why the aggregate demand curve is downward sloping.
a. True
b. False
Answer:
True.
Explanation:
True, the given statement is right because the exchange rate or price of the currency is inversely related to the demand. when the exchange rate increases that means the price of the currency is increasing and in that case, the demand for the currency falls. If the exchange rate falls or the price of currency falls then demand for the currency rises that indicate the inverse relationship between the exchange rate and the aggregate demand. therefore, the aggregate demand curve is sloping downwards.
True or false: While taxpayers benefit from government-provided programs and services, such as national defense and law enforcement, taxes paid are NOT directly related to any specific benefit received by the taxpayer.
Answer:
True
Explanation:
Taxes paid are NOT directly related to any specific benefit received by the taxpayer.
Banks that are financial intermediaries generate earnings when they facilitate the transfer of money from savers to borrowers by paying savers a smaller return than they demand from borrowers. Group of answer choices True False
Answer: True
Explanation:
Financial intermediaries are the institutions they have been put in place like a building society, bank, or unit-trust company, which are charged with the responsibility of holding funds from the lenders so that loans will be made available to people that wants to borrow.
It should be noted that banks that are financial intermediaries generate earnings when they facilitate the transfer of money from savers to borrowers by paying savers a smaller return than they demand from borrowers. This earning is their charges for the service rendered.
Other things equal, a dramatic decrease in the money supply would: A. increase the purchasing power of each dollar B. reduce the purchasing power of each dollar C. have an ambiguous impact on the purchasing power of each dollar D. increase the price level
Answer:
A. increase the purchasing power of each dollar
Explanation:
A decrease in money supply increases the interest rate, price level falls and the value of the dollar increases. This increases the purchasing power of the dollar
Consider two barter economies: duos and varietas. duos produces two different goods, whereas varietas produces 80 different goods. both countries have the same number of people. in which barter economy is it more likely that the means of payment and the units of account would be efficient? how many relative prices are there in duos compared with varietas? which economy would benefit more from adopting money?
Answer:
in which barter economy is it more likely that the means of payment and the units of account would be efficient?
In Duos since there are only two products, the relative price will be x of product A for y of product B.how many relative prices are there in duos compared with varietas?
In Duos there exists only 1 relative price, while there are 3,160 relative prices in Varietas.which economy would benefit more from adopting money?
Varietas would benefit most from adopting money since they would go from having more than three thousands different combination of prices to only one unit of account (money).The single-most effective fraud prevention tactic is making employees know that ________. Select one: a. fraudsters will be fired b. fraudsters will be forced to repay what they stole plus interest c. fraud could destroy the company and jobs d. fraud will be detected by IT monitoring systems and punished by the legal system
Answer:
d. fraud will be detected by IT monitoring systems and punished by the legal system
Explanation:
Fraud prevention is the measures that can be taken in order to detect and prevent fraudulent activities among employee and others in an organization or financial institution to prevent financial and material loss.
There are many ways in which frauds can be detected and prevented with the help of new technologies such as installation of closed circuit cameras and others.
It should be noted that that one of the
single-most effective fraud prevention tactic is making employees know that fraud will be detected by IT monitoring systems and punished by the legal system
I really don’t understand please help
Answer:
$2000
Explanation:
Step 1. Find the tax bracket this person belongs in.
$10,001 < $40,000 < $50,000
Answer: The middle bracket [5%]
Step 2. Find 5% of $40,000
100% / 5% = 20
$40,000 / 20 = $2000
Answer: $2000
The facts that a proprietorship, as a business, pays no corporate income tax, and that it is easily to raise capital, are two key advantages to that form of business.
a. True
b. False
Answer: False
Explanation:
While Proprietorship do indeed have the tax advantage of not having to pay Corporate income tax, the same cannot be said for the ease at which they can raise capital.
In general, Proprietorships find it hard to raise capital as investors will be worried of investing into a one person run operation. They would rather prefer that their investments were protected by the law and that the company had enough experienced people on board as well which is why they would prefer a Corporation.
Even getting loans as a Proprietorship can be hard because banks will set a high rate for the business to cater for a default risk.
Please help, thank you if you do :)
Answer:
Am I trying to find out C or just simplify ?
Explanation:
7c + 40 + -3c
4c + 40
A real estate firm, title insurance company, mortgage broker, home inspection company, or even a moving company may agree to offer a package of services to consumers, a system known as
Answer:
D) Controllable business arrangement (CBA)
Explanation:
A business arrangement that recorded under the Real Estate Settlement and Procedures Act (RESPA) that permits the office with respect to the real estate brokerage to provide the services like financing, title insurance, etc
Here in the given situation, the title insurance, home inspection and other types of services are included in the package so this we called as CBA
hence, the correct option is d.
Tom, the borrower, gave Joe, the lender, his mortgage as security for his loan. Under the terms of the mortgage, Tom is identified as the
Answer:
Mortgagor
Explanation:
A mortgagor is a person that borrows money from a lender usually called a mortgagee for a real estate purposes.
In a mortgage transaction, the borrower is the the mortgagor while the lender is the mortgagee.
In the case of the above question, Tom is a mortgagor because he is borrowing money from Joe who is a lender and even providing a security for the loan.
Cheers
Employee rights during ______ inspections include the right to refuse to be interviewed, or if an employee agrees to an interview, they can request that an employer representative be present or that the interview be held in private.
Answer: Affordable Care Administration
Explanation:
The Affordable Care Act was out in place in order to give health insurance coverage to the people in America that are uninsured.
It should be noted that the rights of an employee rights during the Affordable Care Administration inspections include the right to refuse to be interviewed, or if an employee agrees to an interview, they can request that an employer representative be present or that the interview be held in private.
Define primary industry .
When customers use a brand’s mobile app to shop for products, their shopping experience can be customized based on the company’s knowledge of ______________, ________________, payment methods, and even location. Select one: a. Previous purchases, product preferences b. Privacy concerns, government regulations c. Brand attitudes, political preferences d. Social media, email preferences
Answer:
a. Previous purchases, product preferences
Explanation:
In case when the customer used the brand mobile app for shopping the product so their shopping experience is based and customized on the knowledge with respect to prior purchase, preference of the product, mode of payment, and location so that the client and the company could be feel comfortable while buying and selling
Therefore the correct option is a.
A local farmer grows and sells corn and pumpkins to the local grocers. Look at the farmer's business as a system. In which category do the corn and pumpkins, profits, and losses fall
Answer:
The right answer will be the "Transformational process".
Explanation:
Improvements in such a wide variety of organizations that increase the member of staff as well as the involvement including its leadership throughout the business expansion. A transformational process should give vitality to a struggling organization and therefore can enhance the proper functioning of any enterprise.In companies that do not have "no lay-off" policies, the total direct labor cost for a budget period is computed by multiplying the total direct labor hours needed to make the budgeted output of completed units by the direct labor wage rate.
a. True
b. False
Answer:
a. True
Explanation:
The formula to compute the total direct labor budget for the budget time period is shown below;
Total direct labor budget = Total direct labor hours required × direct labor wage rate
Through multiplying the direct labor hours required with the direct labor wage rate we can get the total direct labor budget and the same is to be considered
Hence, the correct option is a. True
Beginning in January of last year, Carl made deposits of $120 into his account on the 15th of each month for several consecutive months and then made withdrawals of $50 from the account on the 15th of each of the remaining months of last year. There were no other transactions in the account last year. If the closing balance of Carl's account for May of last year was $2,600, what was the range of the monthly closing balances of Carl's account last year
Answer:
Initial balance on January 1 was $2,000, on January 31 was $2,120, on May 31 it reached its maximum at $2,600, and on December 31 its minimum was $2,250.
Explanation:
a couple of statements are missing:
Last year the closing balance of Carl's account for April was less than $2,625. Last year the closing balance of Carl's account for June was less than $2,675.Since Carl's balance in May was $2,600 and his balance in June was less than $2,675, Carl did not make any deposit in June, instead he withdraw money.
Since Carl's balance in April was less than $2,625, that means than in April he deposited money, he didn't withdrew any. Carl made 5 deposits before starting to make withdrawals.
January $120, balance = $2,120
February $120, balance = $2,240
March $120, balance = $2,360
April $120, balance = $2,480
May $120, balance = $2,600
then he started to make withdrawals:
June -$50, balance = $2,550
July -$50, balance = $2,500
August -$50, balance = $2,450
September -$50, balance = $2,400
October -$50, balance = $2,350
November -$50, balance = $2,300
December -$50, balance = $2,250
Alberto is working with a group of fifteen people to coordinate the merger of two corporations. Everyone in the group is highly qualified, offers relevant information, and has high norms. Still, the group seems to be slow at outlining a definitive plan for the merger. With the information provided, what would be the fastest and best way for Alberto to increase cohesiveness and productivity
Answer:
Decrease the size of the group
Explanation:
Since in the question it is mentioned that there is a group of fifteen people for coordinating the merger of two corporations. Everyone is highly qualified but the work of a group seems to very slow.
So if Alberto wants to increase the cohesiveness and productivity, so he should decrease the group size so that the working could come in a normal cycle and every task could be completed within a prescribed time.
Suppose the civilian non-institutional population equals 100,000 persons; the civilian labor force equals 75,000 persons; there are 70,000 employed persons and 5,000 unemployed persons. If 5,000 persons who are currently "not in the labor force" decide to join the civilian labor force, and 3,000 of them are unemployed, then
Answer:
the total labor force for the first part of the question = 75,000 and 5,000 are unemployed, therefore, the unemployment rate = 6.67%
if 5,000 more people enter the labor force, then the total labor force = 80,000 people. Out of the total, 8,000 are unemployed, therefore, total unemployment = 8,000 / 80,000 = 10%
on the other hand, the employment rate = total employed / total population will also increase. The original employment rate = 70,000 / 100,000 = 70%
Then as 2,000 more people were employed, the employment rate increased to 72,000 / 100,000 = 72%
With ________, all the data from every corner of the enterprise is collected and integrated into a consistent schema so that every part of the organization has access to the single version of the truth when and where needed.
Answer:
enterprise resource planning
Explanation:
ERP refers to an enterprise resource planning in which there is process of managing the business and automate the functions of the back office with respect to the technology, services, etc. it can be accessed anywhere at any time and all the data that is individually collected would also be integrated at one place
Therefore according to the given situation, ERP is the answer
A client who believes that current economic events will make market conditions more stable over the upcoming 30 days could profit by:
Answer: b. selling VIX calls
Explanation:
The client could make some money selling VIX calls. Call options give the holder the right to buy an underlying asset at a set price in future and they will do so if the market price of the underlying asset increases past the call price of the asset (exercise price).
If the client expects that market conditions will be stable then an increase in stock price is not expected. They can sell calls and make money from the premium they will charge for the calls knowing that they would not have to sell any stock to the holder as the value will not appreciate.