Moody corporation uses a job-order costing system with a plant wide overhead rate based on machine-hours. at the beginning of the year, the company made the following estimates:

machine-hours required to support estimated production100,000

fixed manufacturing overhead cost.$650,000

variable manufacturing overhead cost per machine-hour$3.0

required:

1. compute the predetermined overhead rate

during the year, job 400 was started and completed. the following information was available with respect to the job:

direct materials requisitioned..$450

direct labor cost$210

machine-hours used.40

2. compute the total manufacturing cost assigned to job 400.

3. during the year, the company worked a total of 146,000 machine-hours on all jobs and incurred actual manufactured overhead costs of $1,350,000. what is the amount of underapplied or overapplied for the year? if this amount were closed out entirely to cost of goods sold would the journal entry increase or decrease net operating income?

How supply and demand work together to reach the equilibrium price in the marketplace? give at least a paragraph. you!

Fanning company is considering the addition of a new product to its cosmetics line. the company has three distinctly different options: a skin cream, a bath oil, or a hair coloring gel. relevant information and budgeted annual income statements for each of the products follow. skin cream bath oil color gel budgeted sales in units (a) 110,000 190,000 70,000 expected sales price (b) $8 $4 $11 variable costs per unit (c) $2 $2 $7 income statements sales revenue (a × b) $880,000 $760,000 $770,000 variable costs (a × c) (220,000) (380,000) (490,000) contribution margin 660,000 380,000 280,000 fixed costs (432,000) (240,000) (76,000) net income $228,000 $140,000 $204,000 required: (a) determine the margin of safety as a percentage for each product. (b) prepare revised income statements for each product, assuming a 20 percent increase in the budgeted sales volume. (c) for each product, determine the percentage change in net income that results from the 20 percent increase in sales. (d) assuming that management is pessimistic and risk averse, which product should the company add to its cosmetics line? (e) assuming that management is optimistic and risk aggressive, which product should the company add to its cosmetics line?

Jamie is saving for a trip to europe. she has an existing savings account that earns 3 percent annual interest and has a current balance of $4,200. jamie doesn’t want to use her current savings for vacation, so she decides to borrow the $1,600 she needs for travel expenses. she will repay the loan in exactly one year. the annual interest rate is 6 percent. a. if jamie were to withdraw the $1,600 from her savings account to finance the trip, how much interest would she forgo? .b. if jamie borrows the $1,600 how much will she pay in interest? c. how much does the trip cost her if she borrows rather than dip into her savings?