Budgeted overheads are equal to actual overheads and actual activity is 23000 units of production compared to
Question:
Budgeted overheads are equal to actual overheads and actual activity is 23000 units of production compared to budgeted activity of 25 000 units. Does this result in an over or under absorption of overheads?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (6 reviews)
Based on the information provided it seems that there is an under absorption of overheads Heres why ...View the full answer
Answered By
User l_1006857
I am a computer science professional with expertise in databases, AI programming, data structures and algorithms, and mathematics. With a strong background in these areas, I possess the knowledge and skills necessary to design and optimize database systems, develop intelligent algorithms and models, and solve complex computational problems. My proficiency in SQL, NoSQL, machine learning techniques, and mathematical concepts equips me to contribute to innovative projects and drive technological advancements.
0.00
0 Reviews
10+ Question Solved
Related Book For
Cambridge International AS And A Level Accounting
ISBN: 9781444181432
1st Edition
Authors: Ian Harrison
Question Posted:
Students also viewed these Business questions
-
Budgeted overheads are $23600; actual overheads are $24000; and actual activity is equal to budgeted activity. Does this result in an over or under absorption of overheads?
-
1.Which of the following does NOT contribute to long-term economic growth? A)An increase the price level. B)Development of a new technologies that improve productivity C)An increase in the size of...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
k) Assume that one of these portfolio's is the Market Portfolio and all portfolios, except Portfolio G, are fairly priced according to the CAPM. What is the highest utility score that can be achieved...
-
What assumptions cause the immediate-short-run aggregate supply curve to be horizontal? Why is the long-run aggregate supply curve vertical? Explain the shape of the short-run aggregate supply curve....
-
What are the advantages and disadvantages of mutual fund ownership?
-
You have two cylindrical solenoids, one inside the other, with the two cylinders concentric. The outer solenoid has length \(\ell_{\text {ourer }}=400 \mathrm{~mm}\), radius \(R_{\text {outer }}=50...
-
Oceanwide Enterprises, Inc., is involved in building and operating cruise ships. Each ship is identified as a separate discrete job in the accounting records. At the end of 2010, Oceanwide correctly...
-
1. An unpolarized light beam is incident on the polarizes of a polarization experiment and the intensity of light beam emerging from the analyzer is measured as 100 Lumens. Now, if the analyzer is...
-
What is meant by the term 'marginal'?
-
Identify two methods of calculating an overhead absorption rate other than by using a direct labour hour method.
-
CPAs may decide to apply nonstatistical or statistical techniques to audit testing. a. List and explain the advantages of applying statistical sampling techniques to audit testing. b. List and...
-
What role does leadership play in shaping organizational structure, particularly in fostering a culture of empowerment, inclusivity, and resilience amidst dynamic environmental pressures and...
-
1. Why should employees participate in a 401 (k) plan? Is this a defined contribution or defined benefit plan? 2. What is a partnership? 3. List at least two advantages and at least two disadvantages...
-
What measures does your organization undertake to ensure fairness and transparency in performance assessment processes, mitigating biases and promoting inclusivity?
-
What role does emotional intelligence play in the facilitation of resolution processes amidst multifaceted interpersonal conflicts?
-
Do you consider marketing as an important human activity? Why or why not? 2. What happens when the business firm fails to sell its products? 3.What is a marketing concept? 4."What internal and...
-
A group of students develops a scale for rating the quality of cafeteria food, with 0 representing neutral: not good and not bad. Bad meals are given negative numbers and good meals are given...
-
H Corporation has a bond outstanding. It has a coupon rate of 8 percent and a $1000 par value. The bond has 6 years left to maturity but could be called after three years for $1000 plus a call...
-
List several media that might be effective for reaching consumers in a developing nation with low per capita income and a high level of illiteracy. Briefly discuss the limitations and advantages of...
-
Give three examples where advertising to intermediaries might be necessary. What are the objective(s) of such advertising?
-
What does it mean to say that money is invested in advertising? Is all advertising an i n vestment? Illustrate.
-
How can a manufacturing firm best utilize computer technology to help run the supply chain?
-
Match the capital account type with the description. Drag and drop application. Tax capital accounts Tax capital accounts drop zone empty. GAAP capital accounts GAAP capital accounts drop zone empty....
-
The approach to social auditing, which is a statement describing particular programs or initiatives, including an indication of the resources committed, is called: Multiple Choice Program management...
Study smarter with the SolutionInn App