Answer:
B.) It helps insure your possessions are distributed appropriately.
Explanation:
All of the other answers are false.
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Answer:
$8.20/Direct Labor hours
Explanation:
Cost of performing engine repair work = Shop and repair equipment depreciation + Shop supervisor salaries + Shop property taxes + Shop supplies
Cost of performing engine repair work = $40,000 + $133,000 + $22,000 + $10,000
Cost of performing engine repair work = $205,000
Direct Labor Hours = Direct Labor/Direct Labor rate
Direct Labor Hours = 500,000/$20 per hour
Direct Labor Hours = 25,000 hours
Predetermined shop overhead rate per direct labor hour = $205,000 / 25,000 Hours = $8.20/Direct Labor hours
Answer:
Debit: Work in Process Inventory $550
Credit: Actual Indirect Material Costs $550
<em>Transferred Raw Material to Production.</em>
Explanation:
Material Requisition is form in which a production department requests a Raw Material Department to release the Raw Material into a Production Phase.
The Indirect Material costs are those which are not easily identified and are not usually a part of finished good or end product.
The Cost of Actual Indirect Material is given so we can have the above Journal entry for material requisition.
Answer and Explanation:
a. The computation is shown below;
Cash bonus after tax is ($3,000 × (1 - 0.24) $2,280
And, non taxable fringe benefit is $2,300
So here he should use the nontaxable fringe benefit
b. Yes answer would be changed
Cash bonus after tax is ($3,000 × (1 - 0.12) $2,640
And, non taxable fringe benefit is $2,300
hence, the same is to be considered
Answer:
add 200 shillings to the book balance