Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Accounting Basics Expert

Acer Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its most recent year of operations.

Estimated manufacturing overhead 224550
Estimated machine-hour 4500
Actual manufacturing overhead 224000
Actual machine-hour 4440

The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the purpose of computing the company's predetermined overhead rate for the year. what is the applied manufacturing overhead for the year is closest to:

 

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M950991

Have any Question?


Related Questions in Accounting Basics

Question - an entity is converting its accrual-based

Question - An entity is converting its accrual-based accounting records to a cash basis. The amount of $53 000 (including $7 000 depreciation) was shown as 'Other expenses' in the statement of profit or loss. On inspecti ...

Question - suppose the interest rate is 83 apr with monthly

Question - Suppose the interest rate is 8.3% APR with monthly compounding. What is the present value of an annuity that pays $ 115 every three months for six years if rounded to the nearest cent?

Question - lucky treasures enterprises issued 9 8-year

Question - Lucky Treasures Enterprises issued 9%, 8-year, $2,000,000 par value bonds that pay interest semiannually on October 1 and April 1. The bonds are dated April 1, 2013 and are issued on that date. The discount ra ...

Question - journalize the transaction1 collected 25000 for

Question - Journalize the transaction 1. Collected $25,000 for services to be provided over the coming year on June 30. 2. Paid $72,000 for a three-year insurance policy on July 10 with coverage beginning on August 1. 3. ...

Question - melton corporation is preparing the comparative

Question - Melton Corporation is preparing the comparative financial statements for the annual report to its shareholders for fiscal years ended May 31, 2017, and May 31, 2018. The income from operations for the fiscal y ...

Question - your client fred mertz is a calendar-year cash

Question - Your client, Fred Mertz, is a calendar-year, cash method taxpayer. He is the landlord of a building and is looking to sign a three-year lease with Ricky Ricardo. Ricky will move in December 1, 2017 and move ou ...

Question - equipment purchased by park consultancy for

Question - Equipment purchased by Park Consultancy for $38,220 on January 2, 2019, has an estimated useful life of 10 years and an estimated salvage value of $2,700. What adjustment for depreciation should be recorded on ...

Question -what are the factors that affect the decision to

Question - What are the factors that affect the decision to prosecute an entity? How can computers and technology help in investigating a fraud? What kinds of challenges can the involvement of technology present to a cas ...

Question - hudson landscaping service bought equipment for

Question - Hudson landscaping service bought equipment for 10800 on January 1 2019. It has estimated useful life of five years and zero residual value. Hudson uses the straight line method to calculate depreciation and r ...

Question - suppose pampg and gillette went ahead with the

Question - Suppose P&G and Gillette went ahead with the taxable acquisition. The next question is whether P&G would find it in beneficial to make a 338 election with respect to Gillette. Assume that the tax basis of Gill ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As