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1 year ago

All of a company's depreciation, property taxes, and insurance premiums are considered manufacturing overhead.

1 answer:

7 0

All of a company's depreciation, property taxes and insurance premiums are considered manufacturing overhead (MOH) ----- False.

What is considered manufacturing overhead?

Manufacturing overhead (MOH) cost is the sum of all the indirect costs which are incurred while manufacturing a product. It is added to the cost of the final product along with the direct material and direct labor costs.

What does manufacturing overhead include?

Manufacturing overhead includes indirect materials, indirect labor, depreciation on factory buildings and machines, and insurance, taxes, and maintenance on factory facilities. Costs that are a necessary and integral part of producing the finished product.

. Direct labor :

Is the cost of the workers who make the product. The cost of supervisory personnel, management, and factory maintenance workers, although they are needed to operate the factory, are classified as indirect labor because these workers do not use the direct materials to build the product.

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Complete problem: Total Net Operating Capital XYZ, Inc. reported $20 million in operating current assets, $25 million in net fix

Hitman42 [59]

Answer:

$14 million

Explanation:

Operating working capital = Operating current assets - Operating current liabilities

Operating working capital = $20 million - $6 million

Operating working capital = $14 million

The total net operating capital that XYZ, Inc. has is $14 million

7 0

4 years ago

If companies want to encourage people to stay in the workforce as they age, they can create jobs that involve more use of ______

natta225 [31]

If companies want to encourage people to stay in the workforce as they age, they can create jobs that involve more use of labor and less use of younger.

As an individual gets older their tendency and stamina to do more physical labor get decreases. They tend to perform under par as compared to the comparatively younger individuals.

As people age off, companies need to create jobs that require more skills that only an experienced and .wise individual can perform. Jobs that require more than mental and analytical skills should be preferred more for aged individuals.

The companies should also look to make use of the experience of their employees by making them mentors for young age employees.

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1 year ago

polska, incorporated, is obligated to pay its creditors $9,300 during the year. what is the value of the shareholders’ equity if

gizmo_the_mogwai [7]

Total assets=Total liabilities+ Total equity

=> Total equity= total asset - total liabilities

a. Share holders equity=(11100-9300)= $1800

b. Share holders equity=(8700-9300)= -600 ~ 0

Rounded -600 to nearest whole number, that is 0

<h3>What are shareholders?</h3>

A shareholder may be a individual or institution that has contributed cash in a enterprise in trade for a “share” of the possession. That proprietorship is spoken to by common or preferred offers issued by the company and held (i.e., claimed) by the shareholder. The shareholders are the proprietors of the company and give money related backing in return for potential profits over the lifetime of the company.

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6 0

1 year ago

Dynamic Production Services started the year with total assets of $120,000 and total liabilities of $55,000. The revenues and

Serga [27]

Answer:

$20,000

Explanation:

The income statement shows the revenue and expenses of an entity for a period. The difference between the entity's revenue and expenses gives the net income.

The balance sheet on the other hand shows the company's assets and liabilities, the difference of these is the owners equity.

Hence Dynamic's net income for the year,

= $100,000 - $80,000

= $20,000

7 0

3 years ago

Hobby Loss Presumptive Rule. Rachel Schurtz is a high school English teacher. In her spare time, she likes to make her own body

Blababa [14]

<u>Solution and Explanation:</u>

<u>The following steps should be undertaken: </u>

1. She should create extensive records of receipts, expenses, and other business dealings to demonstrate her profit intent which will give strength to fact that her activity is a business endeavor rather than hobby.

2. Secondly, she should keep ready a written and well-documented business plan clearly outlining the steps she would be taking to cut down losses and start earning profit.

3. She should demonstrate that she depends on her business endeavor for her livelihood to repel notion of it being a hobby.

8 0

4 years ago