Which of these would most likely cause an increase in the price of an item?

Smith Corporation makes and sells a single product called a Pod. Each Pod requires 2.4 direct labor-hours at $10.60 per direct l

kramer

Answer:

$585,120

Explanation:

The computation of Budgeted direct labor costs is shown below:-

Direct labor cost per pod = Direct labor required per pod x Direct labor rate

= 2.4 × $10.60

= $25.44

Budgeted direct labor costs incurred in June = Direct labor cost per pod × Produced pods

= $25.44 × 23,000

= $585,120

Therefore for computing the budgeted direct labor costs we simply applied the above formula.

4 0

3 years ago

The notes to a recent annual report from Weebok Corporation indicated that the company acquired another company, Sport Shoes, In

ikadub [295]

Answer: $230,500

Explanation:

Goodwill is the amount over the value of a company that is purchased for.

Fair market value is the relevant value used in goodwill calculation because it represents the current value of the assets acquired.

Goodwill = Acquisition price - Fair market values of the assets

= 511,000 - 35,000 - 183,000 - 46,500 - 16,000

= $230,500

8 0

2 years ago

In 2009, __________ of all pedestrian fatalities were caused by impaired drivers.

Goshia [24]

Over 90 percent of the pedestrian fatalities occurred in single- vehicle crashes. In 2009, pedestrian deaths accounted for 12 percent of all traffic fatalities in motor vehicle traffic crashes. Since 2000, the number of pedestrian fatalities has decreased by 14 percent.

8 0

3 years ago

Read 2 more answers

Blue Corporation has a deficit in accumulated E & P of $300,000 and has current E & P of $225,000. On July 1, Blue distr

Rufina [12.5K]

Answer:

Sam's dividend income is $225,000 and has a reduction of stock basis of $27,500

Explanation:

From the example ,

Given that,

Sam stock is =$52.500

Blue corporation has deficit in accumulated E and P which is =$300,000

Blue corporation has current E and P of = $225,000

Blue distributes $250,000 to its shareholder on July 1st

Therefore,

Blue corporation has a current E & P of $225,000, to an extent, Sam has a taxable dividend. The remaining $25,000 reduces his basis stock.

Sam has an income dividend of $225,000 and reduces his stock basis to $27,500.

6 0

3 years ago

Read 2 more answers

Mills Corporation acquired as a long-term investment $290 million of 8% bonds, dated July 1, on July 1, 2021. Company management

kow [346]

Answer:

Journal Entries are given below

Explanation:

Mills Corporation-journal Entries

Date Particulars Debit (In Miln) Credit (in Mln)

01-Jul-21 Bond Investment $290.00

Investment premium $50.00

Cash $340.00

Investment recorded

31-Dec-21 Cash ($290 * 8% * 6/12) $11.60

Premium bond investment $1.40

Interest revenue ($340*6%*6/12) $10.20

Revenue recognized for bond interest and amortization of discount.

31-Dec-21 Unrealized holding gain or loss $8.60

Fair value adjustment ($340 - $330 - $1.40) $8.60

investment recorded at fair value.

02-Jan-19 Fair value adjustment Dr $8.60

Reclassification adjustment - $8.60

Fair value adjustment at the time of sale

02-Jan-19 Cash $290.00

Loss on sale of investment $48.60

bond investment premium $48.60

Investment in Bond $290.00

Sale of investment.

3 0

3 years ago