What causes manufacturing overhead to be overallocated? When manufacturing overhead is overallocated, will the Manufacturing Overhead account have a debit or a credit balance?
What will be an ideal response
Manufacturing overhead is overallocated when the actual manufacturing overhead costs are less than allocated manufacturing costs. Manufacturing Overhead will have a credit balance.
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Browning Company sells two products—X and Y
Product X is sold for $30 per unit and has a variable cost per unit of $15. Product Y is sold for $30 per unit and has a variable cost of $10 per unit. Total fixed costs for the company are $20,000. Browning Company typically sells three units of Product X for every unit of Product Y. What is the breakeven point in total units? (Round any intermediate calculations to two decimal places, and your answer to the nearest unit.) A) 1,231 units B) 923 units C) 308 units D) 1,333 units
Which of the following statements is (are) true with respect to the time value of money?
I. One dollar received today is worth less than one dollar to be received three years from today. II. The time value of money should be ignored in capital budgeting decisions. (a) I only (b) II only (c) both I and II (d) neither I nor II