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2 years ago

AN The Mixing Department manager of Malone Company is able to control

1 answer:

4 0

Responsibility report for the financial period of the overhead costs incurred will have a negative shortfall and a difference of $4125 for the controllable costs.

<h3>What are overhead costs?</h3>

Overhead costs are such costs which are continuously in an organization while operating in the regular course of business. The overhead costs are estimated before they are actually incurred for efficiency of cost allocation.

The responsibility report for the overhead costs incurred by Malone Company for the given period are attached with an image for better reference.

Hence, it can be stated that the controllable costs' responsibility report shows as overhead costs of negative difference of $4125.

Learn more about overhead costs here:

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ou are a producer of cold medicine. Last month, a flood at your factory eliminated 50% of your firm’s production capability. At

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Answer:

The flood shifts the supply to the left.

The increase in healthcare costs shifts the supply curve to the left.

Explanation:

An increase in the cost of production inputs (increase in health costs) or a decrease in the availability of resources (the flood reduced the firm's production capability), will shift the supply curve to the left.

A leftward shift of the supply curve will lower the quantity supplied and will increase the price of the good at every level of demand.

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3 years ago

Pam Erickson Construction Company changed from the completed-contract to the percentage-of-completion method of accounting for l

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Answer:

a. $478,450

b.Dr Construction in Process $165,500

Cr Deferred tax liability $49,650

Cr Retained earnings $115,850

Explanation:

A. Calculation for the amount of net income that would be reported in 2015 for Pam Erickson Construction Company

Using this formula

Net income =(Income before income tax ) Income before income tax-Tax rate

Let plug in the formula

Net income= $683,500 - (683,500 × 30%)

Net income= $683,500 - $205,050

Net income= $478,450

B. Preparation of the Journal entry(ies) that are necessary to adjust the accounting records

For Pam Erickson Construction Company

Dr Construction in Process $165,500

Cr Deferred tax liability $49,650

($165,500 × 30%)

Cr Retained earnings $115,850

($165,500 × (100%-30%)

5 0

3 years ago

Professional athletes attempting only to maximize income will defer larger salaries if:

GenaCL600 [577]

Professional athletes attempting only to maximize income will defer larger salaries if DEFERRED PAYOUTS ARE ADJUSTED UPWARD TO COMPENSATE FOR FOREGONE INTERESTS.
If professional athletes, whose sole aim is larger income are asked to wait for sometime before collecting their salaries, with the promise that their incomes will be raise for the period of their waiting, then, most of them will gladly agree to the arrangement, since, they are sure of higher amounts.

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3 years ago

Gross pay minus deductions is known as take home pay. True False

IceJOKER [234]

Gross pay minus deductions. Also called take-home pay. A special checking account used to pay a company's employees. A manual or computerized schedule prepared for each payroll period listing the earnings, deductions, and net pay for each employee.

Hopes this information helps

6 0

3 years ago

You want to have $2.7 million when you retire in 37 years. You feel that you can save $600 per month until you retire. What APR

PilotLPTM [1.2K]

Answer:

9.87%

Explanation:

Calculation to determine What APR do you have to earn in order to achieve your goal

$2.7 million = $600{[(1 + r)444 − 1] / r}

r = .0082*100

r=.82%

r = .82% × 12

r = 9.87%

Therefore the APR you have to earn in order to achieve your goal is 9.87%

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3 years ago