Ma Barker Company has a job-order costing system and uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Manufacturing overhead cost and direct labor hours were estimated at $100,000 and 40,000 hours, respectively, for the year. In July, Job #334 was completed at a cost of $5,000 in direct materials and $2,400 in direct labor. The labor rate is $6 per hour. If Job #334 contained 200 units, the unit product cost on the completed job cost sheet would be:
Answers
Answer:
Job 334 total cost: $ 8,400
Unit cost: 8,400 / 200 = $ 42
Explanation:
Total cost: Material + Labor + Overhead
Material: 5,000
Labor: 2,400
Overhead:
We distribute the expected cost over the expected base:
expected cost: 100,000
cost driver: 40,000 labor hours
cost per hour: 100,000 / 40,000 = 2.5 predetermined overhead
Now we multiply this rate by the hours of the job to know Applied Overhead:
job labor hours x overhead rate:
Job #334 had 2,400 labor cost / $6 rate per hour = 400 hours
400 x 2.5 = 1,000
Total cost: 5,000 + 2,400 + 1,000 = 8,400
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Workers and management agree on a contract that gives a 5% wage increase for each of the next three years. Everyone expected 3% inflation but inflation turned out to be 5% per year. Then at the end of three years... a. real wages will be higher than was expected. b. real wages will have fallen c. nominal and real wages will have changed by the same percentage. d. real wages will be lower than was expected.
who bears the greatest risk of loss of value if a firm should fail? group of answer choices bondholders common stockholders all of the above bear equal risk of loss. preferred stockholders
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Wayne and celia had been married for 24 years before wayne died in an accident in 2014 . celia and her son, wally, age 21 in 2014 , continued to live at home in 2014 , 2015 , 2016 , and 2017 . wally worked part-time (earning $5,000 in each of the four years) and attended the university on a part-time basis. celia provided more than 50% of wally's support for all four years. what is celia's filing status for 2014 , 2015 , 2016 , and 2017 ?
Answers
Answer:
$6,600
Explanation:
Depreciation per units-of-production method:
Depreciation per unit = (cost computerized manufacturing machine - salvage value) / machine's useful units of product.
Depreciation per unit = ($84,600 - $6,000) / 393,000 units
Depreciation per unit = $78,600 / 393,000 units
Depreciation per unit = $0.2 per unit
Machine’s second-year depreciation:
Depreciation second-year = depreciation per unit * second-year units of product
Depreciation second-year = $0.2 * 33,300 units
Depreciation second-year = $6,600
Final answer:
The second year's depreciation of machinery used by the company will be calculated using the units-of-production method is $6,836.50.
Explanation:
To determine the machine's second-year depreciation using the units-of-production method, we need to calculate the depreciation per unit and then multiply it by the number of units produced in the second year.
The depreciation per unit can be calculated by subtracting the salvage value from the initial cost and then dividing it by the estimated total units over the useful life of the machine. In this case, the calculation would be:
Depreciation per unit = (Initial cost - Salvage value) / Estimated total units
Substituting the given values:
Depreciation per unit = ($84,600 - $6,000) / 393,000 = $0.205 per unit
Now, we can calculate the machine's second-year depreciation by multiplying the depreciation per unit by the number of units produced in the second year.
Depreciation expense = Depreciation per unit x Number of units produced in the second year
Substituting the given values:
Depreciation expense = $0.205 per unit x 33,300 units = $6,836.50
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She can find a more comfortable chair.
She can have more resources available.
She can remove any possible distractions.
She can choose an area with more light.
Answers
In this case, Alicia makes her studying environment more effective as she can remove any possible distractions. The correct option is c.
What is studying?
Studying is crucial for personal skill development in addition to educational advancement. Your confidence, skill, and self-esteem can all be increased by having effective study techniques. Additionally, it aids in lowering tension and worry related to tests and deadlines.
Take anything out of your study area that is not necessary for studying. To lessen auditory distractions, wear noise-canceling headphones, listen to white noise, or try utilizing earplugs. Eliminate electronic irritants. Put your phone in silent mode and away from your line of sight.
Therefore, the correct option is c. She can remove any possible distractions.
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Answer:
C
Explanation:
edgen 2020
Answers
Answer:
Debit: Accounts receivable with 1,500,000
Sales account with 1,500,000
Explanation:
Journal entry for Organic Growth at January 2, 2017 will appear in the book as follows:
Details DR ($) CR ($)
Accounts receivable 1,500,000
Sales account 1,500,000
Being the sales of Organic Growth on credit
Answers
Answer:
125%
Explanation:
The computation of predetermined overhead rate is shown below:-
Manufacturing overhead = $4,090 - ($570 + $370 + $600 + $800)
= $4,090 - $2,340
= $1,750
Total direct labor = $600 + $800
= $1,400
Manufacturing overhead = Predetermined overhead rate × Direct labor
Predetermined overhead rate = Manufacturing overhead ÷ Direct labor
= $1,750 ÷ $1,400
= 125%
Therefore for computing the predetermined overhead rate we simply divide the manufacturing overhead by direct labor.
Answers
Answer:
a) 6+/- 2%; 3+/- 2%
b) 8+/- 2%; 1+/- 2%
c) 3+/- 2%
Explanation:
Final answer:
The market equilibrium price is $5 per bushel. With the price floor of $8 per bushel, the quantity sold is 4 thousand bushels, creating a surplus.
Explanation:
The market equilibrium is determined by the intersection of demand and supply curves. At this point, the price and quantity are in balance. In this case, the equilibrium price is $5 per bushel and the equilibrium quantity is 2 thousand bushels.
With the price floor set at $8 per bushel, the price is held above the equilibrium price. This leads to a surplus, where the quantity supplied exceeds the quantity demanded. The price will remain at $8 per bushel, and the quantity sold will be 4 thousand bushels.
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b. You learn that Maxine’s current at-risk basis in her investment is $1,000 and that her share of the current loss is expected to be $13,000. Based on these facts, how will her loss be treated?
c. After reviewing her situation, Maxine’s financial adviser suggests that she invest at least an additional $12,000 in Teal to ensure a full loss deduction in the current year. How do you react to his suggestion?
d. What would you suggest Maxine consider as she attempts to maximize her current year deductible loss?
Answers
Answer:
Explanation:
a) What was the accountant referring to in his comment?
The accountant was referring to the fact that because passive activity losses can only offset passive activity income, she will not be able to deduct the losses in this year. However, she would be able to carry forward the loss to future years to offset any passive activity income generated in those years.
b) You learn that Maxine's current at-risk basis in her investment is $1,000 and that her share of the current loss is expected to be $13,000. Based on these facts, how will her loss be treated?
Based upon the fact that her basis in her investment is only $1000, her losses will be of that amount because of the at-risk limitation, which limits the taxpayer’s deduction by the amount “at risk”. If there is no passive activity income, this would be carried forward to when Maxine would dispose of her entire interest.
c) After reviewing her situation, Maxine's financial adviser suggests that she invest at least an additional $12,000 in Teal to ensure a full loss deduction in the current year. How do you react to his suggestion?
I believe that her financial adviser’s advice to Maxine is a good idea because if her current lossis expected to be $13,000, by contributing $12,000 in Teal, she would be able to deduct the full basis of $13,000 invested into the company. If there is no passive activity income, this would be carried forward to when Maxine would dispose of her entire interest in Teal.
d) What would you suggest Maxine consider as she attempts to maximize her current year deductible loss? She should consider the advice given to her by her accountant.