Why do firms use predetermined overhead rates?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (16 reviews)
Firms use predetermined overhead rates because actual ...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Managerial accounting
ISBN: 978-0471467854
1st edition
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
Question Posted:
Students also viewed these Managerial Accounting questions
-
Why do companies use predetermined overhead rates rather than actual manufacturing overhead costs to apply overhead to jobs?
-
Why must a company use predetermined overhead rates when using job order costing?
-
Findley Company and Lemon Company both use predetermined overhead rates to apply manufacturing overhead to production. Findleys is based on machine hours, and Lemons is based on materials cost....
-
KE- Data table Industry averages Debt ratio Times interest eamed ratio Fixed-payment coverage ratio Debt analysis Springfield Bank is evaluating Creek Enterprises, which has requested a $3,560,000...
-
Verify Rolle's Theorem for the given interval. 57. f(x) = x + x1, [1/2, 2] 59. f(x) = x2/8x 15, [3, 5]
-
Fill in the Blank. Maxwell's reciprocity theorem states that the influence coefficients are _________.
-
What is the name of the mechanism that brings the US under the jurisdiction of the GDPR?
-
On January 1, 2015, NewTune Company exchanges 15,000 shares of its common stock for all of the outstanding shares of On-the-Go, Inc. Each of NewTunes shares has a $4 par value and a $50 fair value....
-
The following data were taken from the accounts of Burnside Bedknobs, a retail business. Sales Sales returns and allowances $116,200 1,090 Sales discounts 390 Merchandise inventory, January 1 31,600...
-
The tables below give area?elevation data for a drainage basin and the average annual pre-cipitation measured at six gauges in the basin. The basin has an area of 269 km2, a mini-mum elevation of 311...
-
What is a predetermined overhead rate?
-
What do the terms underapplied overhead and overapplied overhead mean?
-
Explain two ways to define macroeconomic equilibrium.
-
What do you understand about remote logging? Explain Linux process accounting.
-
Give Venn diagrams for the following expres- sions: (a)* (ANC)-(ANBNC). (b) (ANC)U(BNC). (c) B-[(ANB)-(ANBNC)] (d) B-B (AUC); Given that ANC = 0.
-
Suppose the following recurrence relation is given: tn - -6-tn-1 +8tr-2 = 0 Restate this recurrence as a characteristic equation. Then, find the roots of this equation. Now, assume (for some initial...
-
Let f(n)=3n+ 120n5 + 220. Replace the question mark with a correct function for each case below. Justify your answer clearly for each case. a) f(n)=O(?) b) f(n)=(?) c) f(n)=0(?)
-
The Jacobi elliptic functions can be defined as the inverse of the elliptic integral of first kind. Thus, if we write ds x(0, k) = 1-k sin s where k = [0,1] we then define the following functions (1)...
-
Does the elliptic curve equation \(y^{2}=x^{3}+10 x+5\) define a group over \(Z_{17}\) ?
-
Identify Thank You mission, strategy and core competencies. Identify strategy changes that have taken place at Thank You since its founding in 2008. Your answer must in text references and must be...
-
Can hospitals that adhere to gender- or race-based patient demands face discrimination lawsuits from their employees?
-
The balance in the supplies account, before adjustment at the end of the year, is $3,915. Journalize the adjusting entry required if the amount of supplies on hand at the end of the year is $1,750.
-
At August 31, the end of the first month of operations, the usual adjusting entry transferring prepaid insurance expired to an expense account is omitted. Which items will be incorrectly stated,...
-
The balance in the prepaid insurance account, before adjustment at the end of the year, is $14,800. Journalize the adjusting entry required under each of the following alternatives for determining...
-
Adam transfers property with an adjusted basis of $ 5 0 , 0 0 0 ( fair market value of $ 4 0 0 , 0 0 0 ) to Swift Corporation for 9 0 % of the stock. The property is subject to a liability of $ 6 0 ,...
-
Oriole s Computer Repair Shop started the year with total assets of $ 3 2 1 0 0 0 and total liabilities of $ 2 0 9 0 0 0 . During the year, the business recorded $ 5 2 0 0 0 0 in computer repair...
-
On January 3 1 st , Sarkis Corp purchased a business and recorded $ 2 4 , 0 0 0 of goodwill. On December 3 1 st , Sarkis impaired the goodwill by $ 8 , 0 0 0 . What is the remaining goodwill for tax...
Study smarter with the SolutionInn App