BUSINESS COLLEGE

Demarco and Janine Jackson have been married for 20 years and have four children who qualify as their dependents (Damarcus, Janine, Michael, and Candice). The couple received salary income of $100,000 and qualified business income of $10,000 from an investment in a partnership, and they sold their home this year. They initially purchased the home three years ago for $200,000 and they sold it for $250,000. The gain on the sale qualified for the exclusion from the sale of a principal residence. The Jacksons incurred $16,500 of itemized deductions, and they had $3,550 withheld from their paychecks for federal taxes. They are also allowed to claim a child tax credit for each of their children. However, because Candice is 18 years of age, the Jacksons may only claim the child tax credit for other qualifying dependents for Candice. (Use the tax rate schedules.)

Answers

Answer 1
Answer:

Solution:

(1) Net sales $110,000 $100,000 Wage benefit + $10,000 QBI.  

Winning $50,000 home prices is exempt.  

(2) Deductions for AGI 0.

(3) Adjusted gross income 110,000 (1) − (2)

(4) Regular deduction 24,000 Married registration together.

(5) 16,500 deductions, which have been recorded.

(6) Greater regular allowances or comprehensive allowances 24,000 24,000 Greater of (4) or (5)

(7) Deduction for qualified business income 2,000 $10,000 QBI × 20%

(8) Total deductions from AGI 26,000 (6) + (7)

(9) Taxable income $ 84,000 (3) − (8)

(10) Income tax liability $ 10,359 (84,000 - 77,400) × 22% + 8,907 (see tax rate schedule for married filing jointly).

(11) Other taxes 0

(12) Total tax $ 10,359 (10) + (11)

(13) Credits (6,500 ) Child credits for four children (3 ×$2,000 + 1 × $500)

(14) Prepayments (3,550 )

Tax due with return $ 309 (12) + (13) + (14)

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ak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track the cost of each customer order. On March 1, OCFF had two jobs in process with the following costs: Work in Process Balance on 3/1 Job 33 $ 7,500 Job 34 6,000 $ 13,500 Source documents revealed the following during March: Materials Requisitions Forms Labor Time Tickets Status of Job at Month-End Job 33 $ 3,500 $ 6,500 Completed and sold Job 34 6,000 7,800 Completed, but not sold Job 35 4,200 3,250 In process Indirect 1,300 2,140 $ 15,000 $ 19,690 The company applies overhead to products at a rate of 150 percent of direct labor cost. Required: 1. Compute the cost of Jobs 33, 34, and 35 at the end of the month. 2. Calculate the balance in the Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold accounts at month-end.
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Identify and explain about any 3 title of business objectives

Answers

Answer:

1. Getting and Staying Profitable

Maintaining profitability means making sure that revenue stays ahead of the costs of doing business. Focus on controlling costs in both production and operations while maintaining the profit margin on products sold.

2. Productivity of People and Resources

Employee training, equipment maintenance and new equipment purchases all go into company productivity. Your objective should be to provide all of the resources your employees need to remain as productive as possible.

3. Excellent Customer Service

Good customer service helps you retain clients and generate repeat revenue. Keeping your customers happy should be a primary objective of your organization.

4. Employee Attraction and Retention

Employee turnover costs you money in lost productivity and the costs associated with recruiting, which include employment advertising and paying placement agencies. Maintaining a productive and positive employee environment improves retention.

In planning for your career after high school you should...I need serious help I NEED to pass this test please HELP

Answers

D I think I'm only in year 7 haha
It’s C. The other person is wrong. Pls mark brainliest. (I’m a senior)

Four basic steps are used in an ABC system. List the proper order of these steps, which are currently scrambled below:a. Identify the primary activities and estimate a total cost pool for each.b. Allocate the costs to the cost object using the activity cost allocation rates.c. Select an allocation base for each activity.d. Calculate an activity cost allocation rate for each activity.A) c, a, b, dB) a, c, d, bC) b, a, c, dD) a, d, c, b

Answers

Answer:

B) a, c, d, b

Explanation:

a. Identify the primary activities and estimate a total cost pool for each.

c. Select an allocation base for each activity.

d. Calculate an activity cost allocation rate for each activity

b. Allocate the costs to the cost object using the activity cost allocation rates

Paragon CompanyAlvin, the production manager of Paragon Company, wants to select the best supplier of raw materials from among several vendors. He has several choices and has done research into which company provides the best services and products. One company is known to be extremely timely, another is much lower in price but often late in deliveries, and the third is well-known to provide the highest quality products available.According to the rational choice decision-making process, the first step in solving this problem would be to___________.A. choose the best decision process.B. evaluate the decision inputs.C. research the problem.D. identify the problem or opportunity.E. let all of these steps occur simultaneously.

Answers

Answer:

The answer is D. identify the problem or opportunity.

Explanation:

The first step in making the right decision is recognizing the problem or opportunity and deciding to address it, this involves  determining why this decision will make a difference to your customers.

Sheffield's Bakery makes a variety of home-style cookies for upscale restaurants in the Atlanta metropolitan area. The company's best-selling cookie is the double chocolate almond supreme. Sheffield's recipe requires 10 ounces of a commercial cookie mix, 5 ounces of milk chocolate, and 1 ounce of almonds per pound of cookies. The standard direct materials costs are $0.80 per pound of cookie mix, $4 per pound of milk chocolate, and $19 per pound of almonds. Each pound of cookies requires 1 minute of direct labor in the mixing department and 5 minutes of direct labor in the baking department. The standard labor rates in those departments are $12.70 per direct labor hour (DLH) and $27 per DLH, respectively. Variable overhead is applied at a rate of $37.00 per DLH; fixed overhead is applied at a rate of $60 per DLH.Required:
1. Calculate the standard cost for a pound of Sheffield's double chocolate almond supreme cookies. (Round answer to 2 decimal places, e.g. 3.51.)

Answers

The Standard cost for a pound of Sheffield's double chocolate almond supreme cookies in the above case is $15.10.

What is the standard cost?

A standard cost is defined as an anticipated cost that a company commonly launches at the starting of a fiscal year for amounts used and prices paid.

It is an anticipated amount of money to pay off for materials costs or labor rates. The standardquantity is the anticipated exercise amount of materials or labor.

Computation of standard cost:

According to the given information,

Standard direct materials costs = $0.80 per pound of cookie mix.

Per pound of milk chocolate =  $4, and

Per pound of almonds = $19.

Total ounces:

\text{Total Ounce} = \text{Commercial cookies Mix+ Milk Chocolate+Almonds}\n\n\text{Total Ounce} = 10 + 5 + 1\n\n\text{Total Ounce} = 16

Then, Standard Material Cost:

=((10)/(16)* 0.80)+((5)/(16)*4) +((1)/(16) * 19)\n\n=2.9375

Now, 1 minute of direct labor is required in the mixing department and 5 minutes of direct labor in the baking department. Then the standard direct labor cost is:

\text{Standard Direct Labor Cost} = ((1)/(60)* 12.70) +((5)/(60) * 27)\n\n\text{Standard Direct Labor Cost} = \$2.4617

Variable overhead is applied at a rate = $37.00 per direct labor hour

Now, find the value of Standard Variable overhead cost:

\text{Standard Variable Overhead Cost} = (6)/(60)* 37\n\n\text{Standard Variable Overhead Cost} =\$3.70

Now, Standard Fixed overhead cost:

\text{Standard Fixed Overhead Cost} = (6)/(60)* 60\n\n\text{Standard Fixed Overhead Cost} =\$6

Therefore, Standard cost for a pound:

=\text{ Standard Direct Labor Cost}+\text{Standard Variable Overhead Cost}+\text{ Fixed Overhead Cost}\n\n=\$2.9375 + \$2.4617 + \$3.70 + \$6\n\n=\$15.10

Therefore, Standard cost for a pound is $15.10.

To learn more about the standard cost, refer to:

brainly.com/question/4557688

Answer:

The Standard cost for a pound  of Sheffield's double chocolate almond supreme cookies is $15.10

Explanation:

The standard direct materials costs are $0.80 per pound of cookie mix, $4 per pound of milk chocolate, and $19 per pound of almonds.

Total ounces = 10 + 5 + 1  = 16

Standard Material Cost = ((10)/(16) × 0.80) + ((5)/(16) × 4) + ((1)/(16) × 19)

Standard Material Cost = $ 2.9375

Each pound of cookies requires 1 minute of direct labor in the mixing department and 5 minutes of direct labor in the baking department.

Standard Direct Labor Cost = (1)/(60) × 12.70 + (5)/(60) × 27

Standard Direct Labor Cost = $2.4617

Variable overhead is applied at a rate of $37.00 per direct labor hour

Standard Variable overhead cost = 6/60 × 37

Standard Variable overhead cost = $ 3.70

Standard Fixed overhead cost = 6/60 × 60

Standard Fixed overhead cost = $ 6

Standard cost for a pound = $2.9375 + $2.4617 + $3.70 + $6

Standard cost for a pound = $15.10

The middle of supply chain information systems (SCIS) framework is which of the following?a. Enterprise resource planning.
b. Enterprise planning and monitoring.
c. Enterprise integration and administration.
d. Financial operations and reporting.

Answers

Answer:

The correct answer is letter "B": Enterprise planning and monitoring.

Explanation:

Information Systems impact the Supply Chain at planning and monitoring stages. Information Systems allow managers to analyze information about the flow of the supply chain and allows them to spot where improvement is necessary. Besides, it allows tracking production to maximize it. Decisions can be made upon the feed Information Systems provide.
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