Tea Tree Manufacturing provided the following details for the year: Direct Materials Used $83,000; Direct Labor Incurred $191,000; Manufacturing Overhead Incurred $300,000; Manufacturing Overhead Allocated to production $$297,000; Costs of jobs completed and transferred $$500,000. Was Manufacturing Overhead overallocated or underallocated and by what amount?

Therefore, Manufacturing Overhead is overallocated by $71,000.

Explanation:

This can be determined as follows:

Direct Materials Used + Direct Labor Incurred + Production Manufacturing Overhead = Costs of jobs completed and transferred

Substituting values for the equation above, we have:

$83,000 + $191,000 + Production Manufacturing Overhead = $500,000

Production Manufacturing Overhead = $500,000 - $83,000 + $191,000 = $226,000.00  

Difference = $297,000 - $226,000 = $71,000 over allocation.

Therefore, Manufacturing Overhead is overallocated by $71,000.

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

the correct answer is - no.

winnipeg, canada, is not further away from the equator than moscow, russia, in fact moscow is the city that is further away from the equator. moscow is on a latitude of 55.7558° north, while winnipeg is on a latitude of 49.8951° north, thus putting moscow by 5.8607° further away from the equator than winnipeg is.