Answer:
2,256 hours
Explanation:
The computation of the total standard direct labor hours allowed (SQ) for units produced is shown below;
As we know that
Labor rate variance = (Actual hours × Actual rate) - (Actual hours × Standard rate)
($5,000) = $35,000 - (2,500 × Standard rate)
2,500 × Standard rate = $40,000
Standard rate = $16
Now
Labor efficiency variance = (Actual hours × Standard rate) - (Standard hours × Standard rate)
$3,900 = (2,500 × $16) - (Standard hours × $16)
Standard hours × $16 = 36,100
Standard hours = 2,256.25
= 2,256 hours
Answer:
e. has all of these characteristics.
Explanation:
A generic market has the characteristic of fulfilling similar needs in number of manners for the customers.
In this manner the ultimate goal of different customers, which is same is achieved by this market.
As for example in the season of winters, the ultimate goal is to feel warm,
For this, some producers or sellers offer, hot cup of coffee, or soup, and some might offer air warmers for the house, some might offer to buy jackets!
Ultimately there are different customers with common goal, but different needs, and different suppliers fulfilling common needs.
Thus, all of the above statements are true about generic market.
Answer:
a.
Debit Credit
Salary expense $5,300
($26,500/5)
Salary payable $5,300
b. Debit Credit
Salary expense $21,200
($26,500/5*4)
Salary payable $21,200
Explanation:
a. The journal entry that should be made in the books of the Garcia Realty Co. if the accounting period ends on the monday is given below:
Debit Credit
Salary expense $5,300
($26,500/5)
Salary payable $5,300
b. The journal entry that should be made in the books of the Garcia Realty Co. if the accounting period ends on the thursday is given below:
Debit Credit
Salary expense $21,200
($26,500/5*4)
Salary payable $21,200
If a tax is levied on the sellers of a product, then the demand curve will become flattered.
Option A. becomes flattered.
If a tax is levied on sellers of a product, then the supply decreases, the supply curve will shift to the left. The demand curve will not shift. This is shown in the following figure;
S+tax Price E1 pl p 0 q1 q Quantity х
In the above figure, the x-axis shows quantity and the y-axis shows the price. D is the demand curve and S is the supply curve. As a result of the tax, the supply curve will shift to the left. The price increases from p to p1 and quantity decreases from q to q1.
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Answer:
$480,000
Explanation:
The computation of the depreciable cost of the new asset is shown below:
Given that
Depreciation tax shield = $19,200
Tax rate= 40%
Now
Actual Depreciation for the year is
= $19,200 ÷ 40%
= $48,000
Now
Total Depreciation cost for 10 years is
= $48,000 × 10
= $480,000
