Ask question

Ask question

All categories

1 year ago

8

A company discarded a display case it had originally purchased for $8,000. the case had $7,200 worth of accumulated depreciation

. the company should recognize a (an):_______.

1 answer:

quester [9]1 year ago

3 0

8000-7200=800

800 gain

You might be interested in

Hinge Manufacturing's cost of goods sold is $420,000 variable and $240,000 fixed. Thecompany's selling and administrative expens

MrRissso [65]

Answer:

Contribution margin= $960,000

Explanation:

Giving the following information:

Hinge Manufacturing's:

Cost of goods sold variable= $420,000

Cost of goods sold fixed= $240,000

The company's selling and administrative expenses are $300,000

variable and $360,000fixed.

If the company's sales are $1,680,000

Sales= 1680000

Variable cost of goods sold= 420000

Variable selling and administrative expenses=300000

Contribution margin= $960,000

8 0

2 years ago

The additional benefit of producing one more roast beef sandwich at a local deli is $2. The additional cost of producing one mor

tigry1 [53]

First, we take into account the benefit and cost given in the problem. The benefit, which is $2 is a dollar lesser compared to the cost that would be incurred should the business opt to produce one more roast beef. This, of course, tells us that an additional roast beef will just impose an additional $1 cost. Thus, the answer should be the last choice.

5 0

3 years ago

What are the three writing guidlines to follow when writing a resume?

11Alexandr11 [23.1K]

Answer:

Explanation: Keep it to One Page. This is a biggie!

Avoid Spelling or Grammar Errors.

Watch Your Tenses.

Avoid the First Person Pronouns.

Make Sure It's Easy to Read.

3 0

2 years ago

Read 2 more answers

Swifty Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each produc

Katen [24]

Answer:

$10.60 per direct labor hour

Explanation:

Calculation for the overhead rate

First step is to calculate the Direct labor hours for car wheels using this formula

Direct labor hours for car wheels = Estimated wheel produced * Direct labor hour per wheel

Let plug in the formula

Direct labor hours for car wheels= 40,000 * 1

Direct labor hours for car wheels= 40,000 hours

Second step is to calculate Direct labor hours for Truck wheels using this formula

Direct labor hours for Truck wheels = Estimated wheel produced * Direct labor hour per wheel

Let plug in the formula

Direct labor hours for Truck wheels= 10,000 * 3

Direct labor hours for Truck wheels= 30,000 hours

Third step is to calculate the Total direct labor hours

Total direct labor hours = 40,000 + 30,000

Total direct labor hours=70,000 hours

Now let calculate the Overhead rate using this formula

Overhead rate = Total estimated overhead costs / Total direct labor hours

Overhead rate= $742,000 / 70,000 hours

Overhead rate= $10.60 per direct labor hour

Therefore Overhead rate is $10.60 per direct labor hour

8 0

2 years ago

What are some economic concerns that may need to be addressed in the future?

Snezhnost [94]

Over population, It can result from an increase in births (fertility rate), a decline in the mortality rate, an increase in immigration, or a depletion of resources. And less food for people who actually need it the state that had the least amount of people is China because it has a one child policy and if they break the law they can be executed and it’s to maintain current unsustainable consumption patterns while blaming the poor, women, people of color, immigrants, and those residing in the “global South” who produce a negligible impact on the environment.

4 0

3 years ago