Answer:
D. Debit fixed manufacturing overhead spending variance for $40,000
Explanation:
Since fixed manufacturing overhead shows the difference between the actual fixed overhead costs and budgeted fixed overhead cost during a period, Bismith would debit fixed manufacturing overhead spending variance of $40,000 inorder to write off the recording of the variances at the end of the accounting period because the value for fixed manufacturing overhead spending variance has already being gotten hence would be applied at the end of the period.
Answer:
$7,500
Explanation:
Calculation for the Depreciation of rah second year of the asset's life
Second year depreciation=(1/8 years*2)*[($40,000)-(1/8 years*2* $40,000)]
Second year depreciation=(0.25)*[($40,000)-(0.25*$40,000)]
Second year depreciation=(0.25)*[($40,000-$10,000)]
Second year depreciation=0.25*$30,000
Second year depreciation=$7,500
Therefore the Depreciation of rah second year of the asset's life using the double-declining-balance method is: $7,500
Answer:
Yes, she is required to include her tips in gross income.
Explanation:
Yes, Carey is required to include her tips in gross income. She is required to include both her small hourly amount and her tips, declaring both as a total sum amount. Even though the customer has no obligation to pay any tip of any kind to Carey, any tip she receives will count as compensation for services, as the tips are payments for her service to the customer.
The one who will most likely have a higher BAC is the father because a person who is older will most likely have the higher BAC, as the father is already seventy five and much older to his son, he will be therefore have a higher BAC compared to his son.
Answer:
$72,700
Explanation:
Data provided in the question:
Purchasing cost = $70,000
Sales tax = $700
Freight charges = $800
Shipping charges = $150
Repair charges = $1,300
Installation cost = $1,050
Now,
Cost of the equipment
= Purchasing cost + Sales tax + Freight charges + Shipping charges + Installation cost
= $70,000 + $700 + $800 + $150 + $1,050
= $72,700
Note: Repair cost is not included in the cost.
