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Viefleur [7K]
3 years ago
12

On January 2, 2018, the Matthews Band acquires sound equipment for concert performances at a cost of $66,400. The band estimates

it will use this equipment for four years, during which time it anticipates performing about 200 concerts. It estimates that after four years it can sell the equipment for $1,000. During year 2018, the band performs 45 concerts.
Compute the year 2018 depreciation using the units-of-production method.
Business
1 answer:
IRISSAK [1]3 years ago
8 0

Answer:

14,715

Explanation:

The computation of depreciation using the units-of-production method is shown below:-

Depreciation per concert = (Original cost - Salvage value) ÷ Estimated total concerts

= $66,400 - $1,000) ÷ 200

= $65,400 ÷ 200

= 327

Depreciation in 2018 = Concerts in 2018 × Depreciation per concert

= 45 × 327

= 14,715

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ValentinkaMS [17]

Answer:

B.enables production to be ahead of demand.

Explanation:

<em>One of the benefits of a wholesale warehouse in the chain of distribution is that it </em><em>enables production to be ahead of demand</em><em>.</em>

A warehouse generally represents a large house where goods/products are kept prior to their distribution for sale.

The use of a warehouse offers several advantages to producers. These include:

  • adequate protection and preservation of products
  • regular flow of goods irrespective of their period of production
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<em>Hence, the correct option is B.</em>

4 0
2 years ago
Garcia Co. sells snowboards. Each snowboard requires direct materials of $100, direct labor of $30, and variable overhead of $45
jeka57 [31]

Answer:

Selling Price per unit = $287.5 per unit

Explanation:

Provided quantum of sales = 10,000 units

Cost statement for 10,000 units

Direct material = $100 \times 10,000 = $1,000,000

Direct Labor = $30 \times 10,000 = $300,000

Variable Overhead = $45 \times 10,000 = $450,000

Fixed Overhead Costs = $635,000

Fixed Selling and administrative Cost = $115,000

Total = $2,500,000

Add: Profit mark up 15% = $375,000

Total Selling Value = $2,875,000

Selling Price per unit = $2,875,000/10,000 = $287.5 per unit

6 0
3 years ago
Question 38 All of the following statements regarding flextime are true EXCEPT it gives employees more personal control over tim
Vladimir79 [104]

Task conflict and interpersonal conflict are the two basic categories of intragroup conflict. Relationship conflicts entail challenges pertaining to individual ideas, attitudes, beliefs, and personality qualities, whereas task conflicts are caused by divergent objectives or an inability to satisfy the standards of the group.

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8 0
1 year ago
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Arlecino [84]

Answer:

A : balance sheet only

Explanation:

In the given question, the truck was purchased on credit and the truck is a fixed asset that comes under the balance sheet only because in the income statement, the expenses and revenues are recorded whereas retained earnings records profit which is left to the company.  

So, it affects the balance sheet only. As balance sheet records all types of assets and all types of liabilities plus shareholder equity.

6 0
3 years ago
What is a credit limit?
Sati [7]
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7 0
3 years ago
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