Answer:
D. $4,600
Explanation:
Riley's casualty cost deduction comes from the substraction between the adjusted basis, which is the net cost of an asset after adjusting for various tax-related items, and the amount the insurance paid Riley.
Answer:
a. outsourcing
Explanation:
Outsourcing can be regarded as a cost cutting measures in an organization, it involves the hiring of other party from another organization to perform some services or production in ones organization. The instances of outsourcing are Hiring human resource management as well as facilities management. Another one is hiring a
supply chain management,
It should be noted that The corporate practice of acquiring or producing quality goods or services at a lower cost abroad thereby eliminating domestic production is called outsourcing
Answer:
$17,835.90
Explanation:
Currently Hodgkiss is operating at 92% of its fixed asset capacity, so they have an spare 8% to grow without adding any more fixed assets: ($780,000 / 92) x 100 = $847,826.09.
So they need to add fix assets in to increase its production by $32,173.91 (= $880,000 - $847,826.09).
Every dollar spent in fixed assets generates at full capacity $1.8039 in production output (= $847,826 / $470,000).
If they want to increase production by $32,174, they will need to spend $17,835.90 in fixed assets.
In a process cost system, the application of factory overhead usually is recorded as an increase in work in process inventory control.
<h3>
What is the process costing system?</h3>
- When a large number of similar products are manufactured, a process costing system accumulates costs.
- A process costing method is used by any large-scale firm who produces huge quantities of identical commodities.
- A petroleum refinery is a perfect example of a process costing environment since it is hard to trace the cost of a specific unit of oil as it passes through the refinery.
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