Answer:
The labor productivity for Deluxe and Limited cars are as follows:
Units/Hour dollars
Deluxe Car 0.13 103.64
Limited Car 0.21 156.54
Explanation:
It is noteworthy that labor productivity in terms of units/hour does not put into consideration quality of product, selling prices and skill level of the manufacturing workers. It would extremely difficult for supervisors to find out the workers that are better in terms of unit/hour.
Find attached spreadsheet with detailed calculation and formulas used.
Cost recovery deduction = $1520
Solution:
Given data
purchase price = $38,000
used the car business = 80%
used the car personal = 20%
solution
cost recovery limit are,
cost recovery limit = asset value × statutory % × mid quarter convention
We recognize the 5-year MACRS convention of car and the depreciation rate of MACRS is 20 percent in the first year.
so we use MACRS statutory % method
cost recovery limit = $38000 × 5%
cost recovery limit = $1900
we know maximum limit is $3160
so cost of recovery is $1900
so,
cost recovery deduction is
cost recovery deduction = cost recovery limit - personal use
cost recovery deduction = $1900 - ( $1900 × 20% )
cost recovery deduction = $1520
Answer:
Variable costs
Explanation:
Variable costs are those that vary with the level of activity of the company. For example, raw materials are a variable cost. If you sell 10 units at $1 per unit, the variable cost is $10. If you sell 15 units it's $15. Fixed cost remains the same regardless of the number of units sold.
These job characteristics, which a company identifies while studying the worth of work performed by employees or job values, are called <u>compensable factors</u>.
<h3>What are compensable factors?</h3>
Compensable factors are job attributes that a job evaluation plan provides for the employer to ascertain the worth of a job relative to others.
Some of the compensable factors are:
- Skill
- Responsibilities
- Effort
- Working Conditions.
Thus, these job characteristics are called <u>compensable factors</u>.
Learn more about job evaluation at brainly.com/question/25132752
Answer:
Finance lease is as a lease agreement which transfers all the benefits and risks of ownership of the leased asset. A lease is considered as financial lease if it has following characteristics:
It transfers ownership of the asset to the lessee.
It permits the lessee to purchase the asset at the end of the lease period.
Lease term is at least 75% of useful life of the asset.
Present value of lease payment is at least 90% of the fair value of the asset.
The present value of the minimum lease payments ($20.6 million) is greater than 90% of the fair value of the asset $20.16 million (90% x $22 4 million). The lease period is for 8 years which is less than 75% of expected useful life. But, as one condition is met, the lease will be classified as finance lease. Furthermore, it is a sales-type lease with selling profit because the present value of the minimum lease payments($20.6 million) exceeds the lessors cost ($16 million).
