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3 years ago

True Blue Corporation provided the data set forth above from its activity-based costing system.

Business

1 answer:

Sidana [21]3 years ago

8 0

Answer:

Unitary cost= $765.38

Explanation:

Giving the following information:

The company makes 430 units of product D28K a year, requiring a total of 690 machine-hours, 40 orders, and 10 inspection-hours per year.

The product's direct materials cost is $35.82 per unit and its direct labor cost is $29.56 per unit.

Unitary cost= direct material + direct labor + allocated overhead

We don't have enough information to allocate overhead.

Assuming the overhead gets allocated based on machine hours, I will invent an overhead rate and cost to allocate.

Estimated overhead= 300,000

Machine hours= 690

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 300,000/690= $434.78 per machine hour

A unit uses:

690/430= 1.61 machine hours

Unitary cost= direct material + direct labor + allocated overhead

Unitary cost= 35.82 + 29.56 + (1.61*434.78)= $765.38

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g Samco signed a 5-year note payable on January 1, 2018, of $ 475 comma 000. The note requires annual principal payments each

Tanya [424]

Answer:

B. a debit to Interest Expense for $ 42 comma 750.

C. a credit to Cash of $ 137 comma 750.

Explanation:

Payment of Note Payable includes the payment of interest on the outstanding balance and principal amount of the note. In this question it is the first payment of the note payable, so the outstanding balance is the face value of the note, Interest is calculated using this value, A fix payment of $95,000 is also made.

As per given data

Principal Payment = $95,000

First Interest payment = $475,000 x 9% = $42,750

Total Payment = $95,000 + $42,750 = $137,750

Journal Entry for first payment

Dr. Interest Expense $42,750

Dr. Not Payable $95,000

Cr. Cash $137,750

6 0

3 years ago

Comparative advantage emerges because of the presence of a. trade. b. differing opportunity costs. c. marginal benefits that equ

Firdavs [7]

Answer:

my answer is A-trade bc

is the comparative advantage emerged

6 0

4 years ago

Internet is both boon and curse. Justify the statement

Andre45 [30]

Why Internet is a boon :-

Because of internet, world has became a global village.

Internet encourages freedom of speech.

Internet is empowering everyone including those who are residing at remotest places.

Internet has created a lot of opportunities that weren’t there before. It created a lot of jobs.

Education got globalized. Students can take any course in any college through E-learning.

New innovations and resources can now be shared easily.

Transfer of files was made easy.

There is no limit to store information in the internet.

Communication has never been this easier.

We can pay bills or buy items from home, that would have required to go outside otherwise.

We can find information about anything.

We can develop our skills through many free courses available in internet.

Internet can be used for entertainment such as playing video games, watching movies etc.

The scope of gossips on celebrities is reducing because now celebrities are able interact with fans directly through social media.

Why Internet is a bane :-

According to researchers, our concentration levels are decreasing with the overwhelming usage of internet as we are concentrating on a lot of things at the same time.

Our memory power is reducing. With the growing usage of internet, we are not using our minds as much as we did when there was no internet. We used to store a lot of information in our minds and we used do simple math without using our phones etc.

The present generation has way too many distractions because of internet.

Lack of security, because hackers can easily theft data or can manipulate it.

Face to face communication has reduced.

Everyone can express their own views. But lots of misleading information too available in the internet. Children and youth can easily be misled by that.

Through Internet, viruses and malware spread easily and total data can get corrupted.

Many waste their precious time on internet.

Gossips spread easily. The privacy of celebrities is diminishing.

Internet addiction is now one of the modern world problems.

Conclusion :-

Internet is definitely a boon. It brought the world closer and made our lives easier. We should utilize technology to compete with this fast world. But every coin has two sides. It’s up to us to receive good and to leave bad.

4 0

3 years ago

Taxable income and pretax financial income would be identical for Indigo Co. except for its treatments of gross profit on instal

sergejj [24]

Answer:

31-Dec-19

Dr Income tax expense $62,590.00

Dr Deferred Tax Assets $4,500.00

Cr To Income Tax Payable $60,520.00

Cr To Deferred tax liability $6,570.00

31-Dec-20

Dr Income tax expense $98,100.00

Dr Deferred Tax Liability $3,285.00

Cr To Income Tax Payable $99,135.00

Cr To Deferred tax Assets $2,250.00

31-Dec-21

Dr Income tax expense $37,440.00

Dr Deferred Tax Liability $3,285.00

Cr To Income Tax Payable $38,475.00

Cr To Deferred tax Assets $2,250.00

Explanation:

Preparation of the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2019, 2020, and 2021

INDIGO CO. JOURNAL ENTRIES

31-Dec-19

Dr Income tax expense $62,590.00

Dr Deferred Tax Assets ($10,000*45%) $4,500.00

Cr To Income Tax Payable $60,520.00

Cr To Deferred tax liability ($14,600*45%) $6,570.00

(Being current income tax and deferred taxes)

31-Dec-20

Dr Income tax expense $98,100.00

Dr Deferred Tax Liability ($7,300*45%) $3,285.00

Cr To Income Tax Payable $99,135.00

Cr To Deferred tax Assets ($5,000*45%) $2,250.00

(Being current income tax and deferred taxes)

31-Dec-21

Dr Income tax expense $37,440.00

Dr Deferred Tax Liability ($7,300*45%) $3,285.00

Cr To Income Tax Payable $38,475.00

Cr To Deferred tax Assets ($5,000*45%) $2,250.00

(Being current income tax and deferred taxes)

5 0

3 years ago

Information for Kent Corp. for the year 2016:

Sliva [168]

Answer:

$30,560

Explanation:

The computation of the income tax expense for the year 2016 is shown below:

= Taxable income × enacted tax rate

= $152,800 × 20%

= $30,560

Simply we multiply the taxable income with the enacted tax rate so that the correct amount of income tax expense can come

All other information which is given is not relevant. Hence, ignored it

8 0

3 years ago