Which statement below accurately describes Hope’s gross wages?

orrugated Company currently produces cardboard boxes in an automated process. Expected production per month is 40,000 units. The

Alja [10]

Answer:

$36,000 and $30,000

Explanation:

Corrugated company deals in the production of cardboard boxes

The expected production for each month is 40,000 units

The direct material cost is $0.30 per unit

The manufacturing fixed overhead costs are $24,000 for each month

Therefore, the flexible budget for the production of 40,000 units and 20,000 units can be calculated as follows

Flexible budget for 40,000 units

= 0.30×40,000+24,000

= 12,000+24,000

= $36,000

Flexible budget for 20,000 units

= 0.30×20,000+24,000

= 6,000+24,000

= $30,000

Hence the flexible budget for 40,000 units and 20,000 units are $36,000 and $30,000 respectively

8 0

3 years ago

An accumulated deficit means a company has ______. Multiple choice question. a contra-asset account due to losses accumulated mo

wariber [46]

Based on accounting principles, an accumulated deficit means a company has "accumulated more net losses than net income."

This is because the accumulated deficit is generally considered to be a "negative retained earnings balance."

In other words, accumulated deficit is the total summation of the losses and dividends paid by a company that supersedes the profits gained by the company.

Hence, in this case, it is concluded that the correct answer is option B. "accumulated more net losses than net income."

Learn more here: brainly.com/question/16551961

8 0

3 years ago

The following selected data were taken from the books of the Owens O-Rings Company. The company uses job costing to account for

Arturiano [62]

Answer:

b. $44,480

Explanation:

As Job 407 was left out the ending inventory would be of Job 407

Materials + Labor + Factory Overhead= $9000+ $ 5200 + $10,000 + 3,900*$5.20= $44,480

The costs For Job 405 and 406 would be calculated as follows

Material X Material Y

Job 405, $9,000.

Job 406 $5,000 $8,000

Total $ 14,000 $8,000

Direct Labor Hours Cost

Job 405 5,000 $24,500

Job 406 5,600 $16,000

Total 10,600 $40,000

Factory Overhead

Indirect Labor $5,700

Factory paychecks $38,700

factory overhead charges $21,400

Depreciation $7,400

Selling and administrative costs $4,100

7 0

3 years ago

Hettrick International Corporation's only product sells for $120.00 per unit and its variable expense is $52.80. The company's m

MrRissso [65]

Answer:

Number of units to be sold= 6,093

Explanation:

Giving the following information:

Selling price= $120

Unitary variable cost= $52.8

Fixed cost= $396,480

Desired profit= $13,000

To calculate the number of units to obtain the desired profit, we need to use the following formula:

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (396,480 + 13,000) / (120 - 52.8)

Break-even point in units= 6,093.4 = 6,093

7 0

3 years ago

.. When lightning strikes Brittany’s home during a storm, the resulting fire completely consumes the structure before firefighte

anygoal [31]

Answer:

$245,000

Explanation:

A dwelling fire policy (DP-3) covers losses to the house's structure, personal liability and loss rental income. Since it covers lost rental income, it is generally used by landlords, but anyone can get one for their house.

In this case, since the reparations will require at least $245,000, then that is the amount that Brittany should receive. She cannot receive any more because that is her policy's coverage, but shouldn't receive less either.

8 0

3 years ago