The Magnanimous Company uses a predetermined overhead rate of $12 per direct labor hour to apply overhead. During the year, 30,000 direct labor hours were worked. Actual overhead costs for the year were $320,000. The overhead variance is:
$36,000 overapplied
$40,000 overapplied
$35,560 underapplied
$40,000 underapplied
none of the above

Answers

Answer 1

Option b is correct. Actual overhead costs for the year were $320,000. The overhead variance is $40,000 overapplied.

Applied overhead is equal to 12 x 30,000, or 360,000.

$320,000 is the actual overhead.

Applying, $40,000 overapplied.

An allocation rate known as the predetermined overhead rate allocates a specific amount of manufacturing overhead to job orders or goods. Many businesses divide the anticipated manufacturing overhead expenses by an allocation base to get at predefined overhead, which is calculated at the start of each reporting period. The allocation base is frequently referred to as the activity driver or cost driver.

Cost accounting terms are allocation basis. In manufacturing accounting teams, the following allocation bases are frequently used:

The number of service calls and machine hours

Kilowatt-hours consumed Area

Employees and hours worked.

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Related Questions

which site would the retailer target likely hope to keep off the first page of results for a keyword search for target?

Answers

Extargetemployees.com site would the retailer target likely hope to keep off the first page of results for a keyword search for target.

Target the retailer would probably try to keep off the front page of results for target's keyword .Today, conducting effective keyword research is an increasingly important skill for digital marketers. In addition to learning how to build a solid keyword list for PPC and SEO, smart content marketers use keyword research to decide what topics to write about and the writing phrases to use .The following elements are taken into account to enable an effective keyword search: Relevancy: Search platforms rank content according to its relevance. Authority: The search platforms give sites that have a reputation for being authoritative more weight. Volume: It counts the instances where a keyword is searched.

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In a hypothesis test for population proportion, you calculated the p-value is 0. 01 for the test statistic, which is a correct statement of the p-value?.

Answers

The null hypothesis is rejected if the p-value is less than or equal to the chosen significance level; otherwise, it is not. To put it another way, if p, reject H0; if p>, do not reject H0.

What is population proportion?

A population proportion is the percentage of the population that possesses a particular set of traits. In statistics, a population proportion is a quantity that specifies a percentage value connected to a population. It is typically symbolized by P or the Greek letter pi. The average per person query is answered by the mean percentage, and population intakes are answered by the population proportion.

What is population proportion in hypothesis testing?

The claims made in the hypotheses concern the population proportion, see p. The proposition that the proportion equals a certain value, p0, is known as the null hypothesis. The competing assertion that the parameter is less than, greater than, or not equal to p0 is the alternative hypothesis.

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Explain one possible stakeholders conflict
that could exist between employees
and owners of a business (3 Mark)

Answers

Mark as brainiest

Answer:

Owners want high profits

you're a marketing specialist for a large european housewares retailer and want to advertise new products to drive site traffic. how can merchant center support your shopping strategy?

Answers

You can effortlessly manage product ratings, maintain shop information, and generate highly personalized Shopping advertising with Merchant Center.

You may establish campaigns, change advertising, carry out ad targeting, and choose new goods to market by using Merchant Center. In-depth monitoring and analytics are available through Merchant Center to monitor the campaign and product-level performance. You can control how your online and in-store product inventory is displayed on Goo-gle using Merchant Center.

After a product has been purchased, a free service called Merchant Center Goo-gle Consumer Reviews compiles consumer reviews. Stella Service is a third-party firm that gathers data regarding the caliber of your business's goods, services, and returns.

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which of the following is a form of agency relationship that grants another person the authority to enter into transactions?

Answers

The fiduciary relationship that develops when one person expresses their consent to another person to act on their behalf and under their control, and the other person gives their consent.

Principal-Agent Relationship: Definition and Operation.

An agreement in which one entity formally appoints another to act on its behalf is known as a principal-agent relationship.

The agent represents the principal in a principal-agent relationship and is not permitted to have a conflict of interest when performing the act. The law of agency specifies rules for this type of relationship and is what is known as the "agency" relationship between the principal and the agent.

Frequently, a contract will define the principal-agent relationship in formal terms. An investor becomes the principal and the fund manager becomes his agent when he purchases shares of an index fund, for instance.

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the idea of inflation makes one clear prediction that, until quite recently, seemed to contradict the available observations. what is this prediction?

Answers

The idea of inflation makes one clear prediction that, until quite recently, seemed to contradict the available observations and this prediction is that the universe should be geometrically "flat" (in the four dimensions of spacetime).

Inflation refers to a general increase within the costs of products and services in an economy. once the final indicant rises, every unit of currency buys fewer merchandise and services; consequently, inflation corresponds to a discount within the buying power of cash

Most cosmological proof points to the universe's density as being excellent — the equivalent of around six protons per one. In alternative words, the universe is flat.

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A company that manufactures flash drives knows that the number of drives x it can sell each week is related to the price p , in dollars, of each drive by the equation x = 1000− 100p . a. Find the price p that will bring in the maximum revenue. Remember, revenue (R) is the product of price (p) and items sold (x) , in other words, R = xp .

Answers

To find the price p that will bring in the maximum revenue, we need to find the value of p that maximizes the function R = xp. Since x = 1000 - 100p, we can rewrite the function as R = p(1000 - 100p). To maximize this function, we can take the derivative of R with respect to p, set it equal to zero, and solve for p.

The derivative of R with respect to p is given by:

dR/dp = (1000 - 100p) + (-100 * p) = 1000 - 200p

To find the value of p that maximizes R, we need to set this derivative equal to zero and solve for p:

0 = 1000 - 200p

200p = 1000

p = 1000 / 200 = 5

Therefore, the price p = $5 will bring in the maximum revenue.

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When Kent Inc. introduced its flagship MP3 player, it captured the market by offering the product at a very low price. This gradually forced many of its competitors out of business. Once its competitors were out of business, Kent Inc. raised the price. In this scenario, Kent Inc. most likely Indulged in _ price foxing status quo pricing price discrimination predatory pricing

Answers

Once its competitors were out of business, Kent Inc. raised the price. In this scenario, Kent Inc. most likely Indulged in predatory pricing.

What is Predatory pricing?

Predatory pricing is a pricing strategy where a dominant firm in an industry will intentionally lower the prices of a product or service to loss-making levels in the short-term. This is undercutting on a larger scale.

The idea is to force any current or potential competitors out of the market since they can't successfully compete with the market leader without suffering a loss. When competition is gone, the dominant company that now holds a majority of the market can eventually raise its prices to monopoly levels to make up for its losses.

When the dominant firm raises prices to make up for lost earnings, it is when predatory pricing and competitive pricing diverge.

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what is wrong with the body of the e-mail? it uses an indirect opening. it offers conflicting deadlines. it contains more than one topic.

Answers

Click the message's body under the Message tab. This launches edit mode for the message body. You can edit the text and fields in your email message by clicking a field in the Edit Body dialogue box.

The email's actual text is contained in the body. Typically, you'll format this letter exactly like a standard letter, with a salutation, one or more paragraphs, and a signature at the end. Email is still being sent in large quantities, therefore its Message isn't yet imminent. The Radicati Group estimates that in 2018, there were over 281 billion business and consumer emails sent and received daily.

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We are an organization that strongly supports the 2nd amendment and we prepare responsible american gun owners to avoid danger, save lives, and keep their loved ones safe. How does our mission resonate with you?.

Answers

our mission resonates with the  States have a duty to defend gun owners when they are most vulnerable.

What is an organization?

A firm, institution, group, or another type of body made up of one or maybe more folks and serving a specific function is referred to as an organization or group.

We are a group that fervently embraces the second amendment and educate law-abiding Americans who possess firearms on how to stay safe, protect deaths, and protect their dear ones.

Congressman Scalise, a fervent defender of the Second Amendment, introduced and helped pass legislation defending the freedom of people to keep and carry arms. All legislation American has a fundamental democratic entitlement to the ability to carry and keep arms as well as the freedom of self-defense.

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true or false? approximately $30-40 billion is currently spent annually on otc medications in the united states.

Answers

The aforementioned claim is accurate. OTC medications currently account for $30–40 billion in annual spending in the United States.

A total of $30.2 billion is spent annually by the 59 million Americans who pay out-of-pocket for supplemental healthcare options. These conclusions were reached after an investigation by the National Center for Complementary and Integrative Health (NCCIH) and the Centers for Disease Control and Prevention.

According to the findings of a study published by the Consumer Healthcare Products Association(CHPA) cost savings due to the availability of OTC medicine specifically came from two major categories: nearly $52 billion in drug cost savings (lower-priced OTCs versus prescription drugs) and nearly $95 billion in cost savings due to avoidance of clinical visits.

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An example of "indirect finance" is
(a) you make a loan to a fellow student who uses the funds to buy common stock
(b) you buy a government bond from the US Treasury
(c) you deposit funds into your checking account which the bank uses to make a loan to a fellow student
(d) a corporation buys 5% of the common stock of another corporation
A bank that has no excess reserves but wants to make additional? loans can obtain new reserves by
(a) borrowing from other banks
(b) borrowing from the Federal Reserve
(c) taking in new deposits
(d) all of the above

Answers

The answer of first part of question is B i.e. you buy a government bond from the US Treasury.

Second part states that when a bank that has no excess reserves but wants to make additional loans can obtain new reserves by, Option D, all of the above.

The Federal Reserve System (the 'Federal Reserve) was made by the Federal reserve Act, passed by Congress in 1913. The Fed started activities in 1914. It was established by President Woodrow Wilson under the Central bank Act, which was pointed toward moving each banks to put a conclusive finish to the bank frenzies of the 1800s.

Like every national bank, Federal Reserve is a government agency that is saddled with the following responsibilities

- Controlling the issuance of money in US of America (it advances public objectives like monetary development, low expansion, and the smooth activity of monetary business sectors).

- Giving financial administrations to every one of the business banks in the country (the Central bank is the "loan specialist after all other options have run out).

- Managing banking exercises (it has the ability to administer and direct banks).

At the point when a bank has overabundance holds and the bank credits those overabundance stores to different banks that need to get to meet their save prerequisites, the abundance saves that are lent are called federal reserves.

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bookmark question for later what is a common axiom for information technology professionals? communicate! become an expert know the business be professional

Answers

common axiom for information technology professionals is know the business.

Who are considered to be IT professionals?

A person working in the field of information technology, a person who has completed training at a college, university, or computer school, or a person who has demonstrated substantial expertise in the field of computers may be considered an IT specialist, computer professional, or IT professional.

What are deemed to be IT skills?

Information technology (IT) skills are technical abilities required for employment in the technical support, maintenance, and development fields. IT talents cover a wide range of tasks, from software development and hardware installation to data analysis and troubleshooting.

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a mechanism that sorts large amounts of information about many consumers' previous purchases that may be related and help predict consumer preferences is called

Answers

A mechanism that sorts large amounts of information about many consumers' previous purchases that may be related and help predict consumer preferences is called collaborative filtering.

A consumer's preference can be referred to or considered as the choice of a consumer in purchasing a product over the other in order to make an economic decision as a part of his or her rational behavior compared to other consumers in a market structure, as such. It can be determined with the help of his or her previous purchases, and changing behaviors.

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a survey of social media presence conducted by hubspot found that consumers expect brands to be active on how many social channels?

Answers

Customers anticipate that brands to be active on three to four social channels, according to a HubSpot study on social media presence.

What are social media platforms?

The term "Social Media Channels" refers to any online collaboration, sharing, or publishing platform, whether accessed through the web, a mobile device, text messaging, email, or other established or developing communications platforms. It also includes blogs, microblogs, wikis, social networks, social bookmarking services, user rating services, and any other such platform.

Why are social media platforms crucial for marketing?

Through social media interaction, brands have the opportunity to win over the trust of prospective clients, business partners, and employees. This is particularly valid if word about your business's existence, goods, or offerings is being disseminated by others.

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a. in one of the years, one of the companies reported a huge loss on its income statement related to a foreign expatriation of properties. which company, which year, and what was the amount of net loss that resulted for the year? b. what was the amount of net operating cash flow in the year of the loss for the company reporting the loss?

Answers

in one of the years, one of the companies reported a huge loss on its income statement related to a foreign expatriation of properties, Name of the company: Discount Goods, Year of loss: 2014,Net loss in that year: -$14,542,Net operating cash flows of Discount goods during 2014 is $19,729

When total expenses (including taxes, fees, interest, and depreciation) exceed total income or revenue for a given period of time, the result is a net loss. A net loss is distinct from a net profit, which is also known as after-tax income or net income. Operating cash flow, which measures the amount of cash generated by a company's normal business operations, is an important metric for determining the financial success of its core business activities. Operating cash flow indicates whether a company can generate enough positive cash flow to sustain and grow its operations; otherwise, external financing for capital expansion may be required.

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In a liquidity​ trap, monetary policy has​ _____ effect on aggregate spending because a change in the money supply has​ _____ effect on interest rates.

Answers

Monetary policy has no impact on overall expenditure in a liquidity trap because changes in the money supply have no impact on interest rates.

What is the impact of the liquidity trap on monetary policy ?

When investors choose lower-yielding investments over holding onto cash owing to a gloomy economic outlook, a liquidity trap forms. Bonds aren't the only thing affected by a liquidity trap; other sectors of the economy also suffer as a result of consumers' reduced spending, which might make employers less eager to hire.

In a liquidity trap, an expansionary monetary policy (increase in money supply) fails to raise interest rates or income, which in turn prevents economic growth.

These writers contend that limited access to credit reduces aggregate demand and lowers the natural interest rate. A period of debt deleveraging will therefore be accompanied by a liquidity trap and a recession if the underlying interest rate is low enough.

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It is recommended that an entrepreneur avoid using the internet as a resource for finding information to write a business plan because the information found there is often incorrect and unreliable.
False

Answers

It is recommended that an entrepreneur avoid using the internet as a resource for finding information to write a business plan because the information found there is often incorrect and unreliable. FALSE

An entrepreneur is a person who has an concept and who works to create a product or service that humans will buy, in addition to an business enterprise to assist that effort. An entrepreneur takes on most of the hazard and initiative for his or her new business, and is regularly visible as a visionary or innovator.

The entrepreneur is defined as a person who has the ability and choice to establish, administer and succeed in a startup task along side chance entitled to it, to make profits. The pleasant instance of entrepreneurship is the starting of a new business venture.

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which of the following constraints will be included in the lp model that determines minimum cost strategy to balance the cars at the seven locations.

Answers

That determines minimum cost strategy to balance the cars at the seven locations.The economy flow balancing requirement for each transshipment node in a minimal cost network flow model mandates that flow in Equals flow out.

Economic flows are modifications to the amount, composition, or value of an institutional unit's assets and liabilities. They signify the emergence, development, modification, trade, transfer, or elimination of economic value. A flow idea is a quantity measured over a set period of time. For instance, the bank will give you 4% interest annually if your monthly allowance is 1500 rupees.Other examples of flows are expenditure, savings, depreciation, interest, exports, imports, changes in inventories (not simply inventories), changes in the money supply, lending, borrowing, rent, profit, etc. because their magnitudes (sizes) are measured over time.Long Playing (LP) records have a diameter of either 12 or 10 inches and rotate at a rate of 33 1/3 revolutions per minute to store music in an analogue phonograph recording format.But in 1982, the Compact Disc (CD) format was developed.

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the difference between monopolistic competition and perfect competition is that in comparison to perfect​ competition, monopolistic competition has a. more​ firms, product​ differentiation, some price​ control, and relatively easy but not​ barrier-free entry. b. fewer​ firms, product​ differentiation, some price​ control, and relatively easy but not​ barrier-free entry. c. fewer​ firms, no product​ differentiation, price​ control, and relatively​ easy, barrier-free entry. d. more​ firms, no product​ differentiation, some price​ control, and relatively​ easy, barrier-free entry.

Answers

The difference between monopolistic competition and perfect competition is that in comparison to perfect​ competition, monopolistic competition has . more firms, no product differentiation, some price control, and relatively easy, barrier-free entry.

Monopolistic competition is a type of imperfect competition in which many manufacturers are competing with each other but selling different products from each other and therefore not perfect substitutes.

Monopolistic competition occurs when many companies offer competing products or services that are similar but not perfect substitutes. Barriers to entry in a proprietary, highly competitive industry are low, and no single firm's decisions directly impact competitors.

A monopoly is a situation where he is the only seller in the market. In traditional economic analysis, the monopoly case is viewed as the antithesis of perfect competition. By definition, the demand curve faced by a monopoly is the industry demand curve, sloping downwards.

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If the required reserve ratio is 10% and the fed conducts an open market purchase of $100, what is the maximum possible change in the money supply?.

Answers

This maximum possible change the Fed could raise in the money supply by $1,000 by buying a $100 Treasury note (T-bill) on the open market if the reserve requirement is 10%.

What is money supply?

The total amount of money that the general population has in their possession at any given time is referred to as the "money supply" in macroeconomics. Demand deposits and currency in circulation are the two most used metrics for defining "money," however there are numerous other methods as well. A country's central bank is free to define what constitutes legal money for its purposes. The central bank or another government agency normally gathers and publishes information on the nation's money supply. Because they believe that changes in the money supply have an effect on the business cycle, inflation, and the levels of security prices, analysts in the public and commercial sectors monitor variations in the money supply.

Change in money supply=1000*10%=100.

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1.3% complete question in the area of workplace surveillance, what is monitoring data communications and employee's behavior called?

Answers

To make sure that employees are not disclosing sensitive information or jeopardizing the organization's security, security assurance involves keeping an eye on employee conduct and data communications.

A program for security assurance is what?

The promise given regarding access control, security rights, and enforcement when users engage with an application over time is referred to as security assurance.

What conditions must security assurance meet?

Security assurance criteria are established by "analyzing the IT system's target environment, influences, policies, company goals, and security requirements. Any problems that need to be fixed because they could affect the standards for IT system assurance are known as influencers.

Are security and assurance interchangeable terms?

Information assurance places a strong emphasis on information gathering. Protecting that data is the main goal of information security. In most businesses, these two vocations are combined into a single department or even a single worker.

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g lease liabilities can be reported as either current or long-term. are always reported as long-term. are not reported. are always reported as current.

Answers

Only if management anticipates turning available-for-sale securities into cash as required within a year, may they be recorded as a current asset.

Why is it crucial to segregate current obligations from long-term liabilities in financial reporting?

To help the management distinguish between liabilities that are due within a year and those that won't be due for a while, it is crucial to divide current liabilities from non-current liabilities.

Of the following, which is not a long-term liability?

Long-term debt maturities at the moment. Due to the fact that the business must pay off current long-term debt within one accounting period, if not less than one period, it will be categorized as a current liability rather than a long-term liability.

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pete is a valuable veteran of 21 years at joe's garage working with 24 people and filling in for joe when he is not in. joe wants to insure pete to offset any losses and the costs of trying to find, recruit and train a replacement, should pete become disabled. what type of policy should joe purchase?

Answers

Joe should buy the Key Employee Insurance kind of policy. Insurance that protects a company from the financial losses caused on by the passing of a top executive or other employee.

How does "key person insurance" work?

An insurance plan on a prominent executive's life that the business purchases. The company, which also pays the insurance policy premiums, is the plan's beneficiary.

Do small firms need key person insurance?

The owner, the company's founders, or even one or two key employees can be considered the key person in a small business. Whether the person's absence would result in significant financial harm to the business is the main criterion for qualification.

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look at the preferences for the characteristics that matter the most to this target segment. what is most important in a backpack to this segment?

Answers

Comfort is most important preference to the school children market segment.

What is a market segment?

Market segmentation is the practice of breaking a large consumer or corporate market, often made up of current and potential customers, into smaller consumer groups based on some sort of shared attribute. Market segments are groups of people who are combined for marketing purposes.

Market segments, which are a subset of the overall market, frequently group people based on one or more shared criteria. The most essential factor is identifying the market in light of their needs and desires. For this, analyze their usage trends, preferences, way of life, and demographics. Also take note of your market's growth potential, your competitors, and any potential risks they may provide to your business.

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The correct question is:

Which of the following PREFERENCES is most important to the SCHOOL CHILDREN market segment?

A. Comfort

B. Capacity

C. Durability

which is a question to address when configuring the communication strategy of the marketing mix for a product? multiple choice what is the availability of different types of retail stores in the international markets for the customer segments targeted? is the demand for the product among customers in the international market segments targeted similar to domestic demands? what is the perception of the product brand by customers in the international market segments? are rebates, coupons, and other sale offers a widespread activity to motivate customers in the international market segments targeted to buy a company’s products?

Answers

The question that will address when configuring the communication strategy of the marketing mix for a product is "are rebates, coupons, and other sale offers a widespread activity to motivate customers in the international market segments targeted to buy a company’s products?". The Option D is correct.

What is a marketing mix?

In marketing, the term marketing mix refers to a foundation model for businesses that is historically centered around the product, price, place, and promotion. It has been defined as the set of marketing tools that the firm uses to pursue its marketing objectives in the target market.

Furthermore, the marketing mix entails set of controllable and tactical marketing tools that a company uses to produce a desired response from its target market. It consists of what the company can do to influence demand for its product.

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With respect to distance between a foreign and a domestic market, administrative distance is likely to be more when the new market.

Answers

With respect to distance between a foreign and domestic market, administrative distance is likely to be more when the new market has not been part of the colonizer/colony network (D).

Administrative distance is the feature the routers use in order to select the best path when there are 2 or more different routes to the same destination from 2 different routing protocols. Administrative distance decides the reliability of a routing protocol.

Administrative distance measures  the trustworthyness of the source of the routing information. Administrative distance has local significance and not advertised in routing updates.

To reduce the administrative distance, a foreign country should have similar law system and same currency. The 2 countries also should not belong to a different trade bloc to avoid any collusions act. Hence, the administrative distance is high when the new countrie has not been a part of the colony network.

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Complete Question:

With respect to distance between a foreign and domestic market, administrative distance is likely to be more when the new market:

a. uses the common law system used in the Anglo sphere

b. uses the same currency as the domestic market

c. does not belong to a different trade bloc

d. has not been part of the colonizer/colony network

By standardizing equipment and streamlining its operations, PinPoint Airlines competes by offering less expensive flights than the competition. According to Michael Porter, the strategy that PinPoint Airlines is using is
Multiple Choice
low-cost.
differentiation.
value transfer.
efficiency frontier.
diversification.

Answers

As the strategy involves offering the service at a low cost when compared with competitors, Pinpoint is trying to use the low-cost strategy.

A low-value service or low-value airline (every so often known as no-frills, price range or bargain carrier or airline, and abbreviated as LCC) is an airline that is operated with a particularly excessive emphasis on minimizing working expenses and without a number of the traditional offerings and services provided in the fare, ensuing in lower fares and fewer comforts. To make up for revenue misplaced in reduced ticket fees, the airline can also rate greater prices – including for deliver-on luggage. As of April 2020, the sector's largest low-price carrier is Southwest airways, which operates normally inside the USA, in addition to in some surrounding regions.

The time period originated within the airline enterprise regarding airways with a lower operating fee shape than their competitors. at the same time as the term is often applied to any carrier with low price ticket charges and restricted services, no matter their working fashions, low-price companies should now not be harassed by nearby airlines that perform brief flights without service, or with complete-service airlines supplying a few decreased fares.

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Because it is the quickest form of bankruptcy proceeding, and still preserves the mortgage lien of the lender, lenders prefer, if bankruptcy is to happen, that it be a Chapter ____ proceeding.

Answers

Because it is the quickest form of bankruptcy proceeding, and still preserves the mortgage lien of the lender, lenders prefer, if bankruptcy is to happen, that it be a Chapter seven proceeding.

Bankruptcy is a prison procedure, so it begins whilst the debtor files a petition with the applicable financial ruin courtroom. That is often executed through the help of a legal professional specialized in those types of instances.

Even as the principle benefit of bankruptcy is the removal of positive debts, the negative consequences are pretty adverse. The maximum apparent is an immediate big and poor effect on one's credit score rating, and financial disaster will continue to be to your credit file for 7-10 years.

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choose all of the following that, according to mintzberg, are ways that an organization can strategically differentiate: (choose all that apply.)

Answers

According to mintzberg, Strategy is a design - some sort of consciously meant route of action, a guideline (or set of guidelines) to deal with a situation.

By this definition strategies have two indispensable characteristics: they are made in enhance of the actions to which they apply, and they are developed consciously and purposefully.

What are the 5 kinds of strategic management?

The 5 types of strategic administration enumerated from most simplistic to most complicated are linear, adaptive, interpretive, expressive, and transcendent. These 5 kinds of strategic administration characterize a continuum of organizational center of attention and action.

Within the area of well-defined strategy, there are uniquely exceptional strategy types, right here are three: Business strategy. Operational strategy. Transformational strategy.

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