What is a negative externality

Leisure Heating & Cooling installs and services commercial heating and cooling systems. Leisure uses job costing to calculat

marshall27 [118]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Overhead is allocated to each job based on the number of direct labor hours spent on that job.

At the beginning of the current year:

The estimated overhead= $66,750.

Estimated direct labor hours= 4,450

In November, Leisure started and completed the following two jobs:

Job 101

Direct materials used= $16,000

Direct labor hours used=195

Job 102

Direct materials used= $ 10,500

Direct labor hours used= 72

Leisure paid a $30 per hour wage rate.

A) predetermined overhead rate= total estimated manufacturing overhead/ total amount of allocation base

predetermined overhead rate= 66,750/4450= $15 hour

B) Job 101:

Manufacturing overhead allocated= direct labor hours*predetermined overhead rate

Manufacturing overhead allocated= 195*15= $2925

Job 102:

Manufacturing overhead allocated= 72*15= $1080

C) Job 101:

Total cost= direct materials + direct labor + manufacturing overhead

Total cost= 16000 + 195*30 + 2925= $24,775

Job 102:

Total cost= 10500 + 72*30 + 1080= $13740

4 0

3 years ago

Identify the accounting assumption or principle that is described below. (a) Belief that a company will remain in operation for

Leviafan [203]

Answer:

(a) Belief that a company will remain in operation for the foreseeable future.

Accounting assumption or principle: Going concern assumption

(b) Indicates that personal and business record-keeping should be separately maintained.

Accounting assumption or principle: Economic entity assumption

(c) Only those items that can be expressed in money are included in the accounting records.

Accounting assumption or principle: Monetary unit assumption

(d) Separates financial information into time periods for reporting purposes.

Accounting assumption or principle: Periodicity assumption

(e) Measurement basis used when a reliable estimate of fair value is not available.

Accounting assumption or principle: Historical cost principle

(f) Dictates that companies should report all circumstances and events that make a difference to financial statement users.

Accounting assumption or principle: Full disclosure principle

4 0

3 years ago

Bruce Company reported net income for 2018 of $100,000. The company reported depreciation expense of $17,500 and amortization of

Arte-miy333 [17]

Answer:

Net Cash inflow from operating activities = $125,000

Explanation:

Cash flow from operating activities means only those transactions involving cash which are related to daily business of the company.

Net income = $100,000

Add: Depreciation = $17,500

Add: Amortization = $5,000

Add: Loss on sale of equipment = $2,500

Net Cash inflow from operating activities = $125,000

Note:

1. Depreciation and amortization are non cash expenses thus, added back.

2. Loss on sale of equipment is added as does not relate to operating activity. The entire amount received from sale of equipment is added to investing activity.

Final Answer

Net Cash inflow from operating activities = $125,000

7 0

3 years ago

The system requirement where all transactions must have audit trails would fall under which system requirement category? input p

Andrews [41]

The answer is control system. A control system oversees, charges, coordinates or manages the conduct of different gadgets or frameworks utilizing control circles. It can run from a solitary home warming controller utilizing an indoor regulator controlling a household kettle to vast Industrial control frameworks which are utilized for controlling procedures or machines.

3 0

3 years ago

What are the advantages and disadvantages of producing a wide range of products by a business?

viva [34]

the advantages are that they have more products for more people and a broad range to make sure that people find what their looking for.

the disadvantages are that the company will have less of all of the items, the resources might be strained after all the items are made, all of the items could cost too much, and some other businesses might not like you entering the market, so they may launch the same items you are launching just with a retailed name and a lower price.

If this helps you then plz mark me the brainliest answer. ;)

6 0

3 years ago