Answer:
A. $57,000
B. $0.19 per mile
C. $14,630
Explanation:
A. The computation of the depreciable cost is shown below:
= Acquired cost - estimated residual value
= $69,000 - $12,000
= $57,000
B. The computation of the depreciable rate is shown below:
= Depreciable cost ÷ estimated useful life in miles
= $57,000 ÷ 300,000 miles
= $0.19 per mile
C. The computation of the units-of-activity depreciation for the year is shown below:
= Driven × depreciation per miles
= 77,000 miles × $0.19
= $14,630
Answer:
31500
Explanation:
Given: Total estimated overhead is $390,000
Estimated direct labor is $260,000.
Now, finding the predetermined overhead rate.
We know, predetermined overhead rate= ![\frac{estimated\ overhead}{estimated\ direct\ labor}](https://tex.z-dn.net/?f=%5Cfrac%7Bestimated%5C%20overhead%7D%7Bestimated%5C%20direct%5C%20labor%7D)
⇒Predetermined overhead rate= ![\frac{390000}{260000}](https://tex.z-dn.net/?f=%5Cfrac%7B390000%7D%7B260000%7D)
∴ Predetermined overhead rate= 1.5
Next, finding the amount of overhead applied to a job which used $21,000 of direct labor.
∴ Amount of overhead applied to a job= ![21000\times 1.5= 31500](https://tex.z-dn.net/?f=21000%5Ctimes%201.5%3D%2031500)
Hence, 31500 is the amount of overhead applied to a job.
Answer:the satisfaction a person gets from consumption
Explanation:
Missing information attached along with the complete worksheet
Answer:
rent expense 1,700 debit
prepaid rent 1,700 credit
dep expense 350 debit
acc dep equip 350 credit
advertizing expense 1,400 debit
prepaid advertizing 1,400 credit
Explanation:
advertizing:
5,600 divide into 4 months = 1400 accrued per month
depreciaton:
42,000 / 10 years = 4,200
then we divide by 12 month: 350
Answer:
a. Current ratio = current assets / current liabilities
- 2014 = $90,717 / $62,939 = 1.44
- 2015 = $100,617 / $66,442 = 1.51
b. Quick ratio = (current assets - inventory) / current liabilities
- 2014 = ($90,717 - $51,163)/ $62,939 = 0.63
- 2015 = ($100,617 - $56,295)/ $66,442 = 0.67
c. Cash ratio = (cash + cash equivalents) / current liabilities
- 2014 = $11,135 / $62,939 = 0.18
- 2015 = $13,407 / $66,442 = 0.20
d. NWC to total assets ratio = net working capital / total assets
- 2014 = $27,778 / $417,173 = 0.07
- 2015 = $34,175 / $458,177 = 0.07
e. Debt-equity ratio = total debt / total equity
- 2014 = $106,939 / $310,234 = 0.34
- 2015 = $105,442 / $352,735 = 0.30
equity multiplier = total assets / total equity
- 2014 = $417,173 / $310,234 = 1.34
- 2015 = $458,177 / $352,735 = 1.30
f. Total debt ratio = liabilities / assets
2014 = $106,939 / $417,173 = 0.26
2015 = $105,442 / $458,177 = 0.23
long-term debt ratio = long term liabilities / assets
- 2014 = $44,000 / $417,173 = 0.11
- 2015 = $39,000 / $458,177 = 0.09