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2 years ago

The cost object of the plantwide overhead rate method is: Select one:

Business

1 answer:

Oduvanchick [21]2 years ago

5 0

The cost object of the plant-wide overhead rate method is "The unit of product"

Explanation:

Unit cost is the total production cost divided by the number of units manufactured. A company usually produces similar products in lots with hundreds or thousands of units per batch.

An overall overhead rate for the entire plant is a single level used only to allocate or assign all overhead production costs for a company to its output of production. Products for easier operation, such as assembly, can be allocated overhead at a level of $20 per hour of direct work.

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Phillip and Naydeen Rivers are married with two dependent children. The family has household income of $39,360 in 2018. They pai

SpyIntel [72]

Answer:

$8,033

Explanation:

The premium tax credit is a refundable tax credit given to qualifying families or individuals that purchase health insurance through the Health Insurance Marketplace. In order to qualify for the premium tax credit a family or individual must have low or moderate income. The lower your income the larger the tax credit.

The tax credit is calculated using the cost of the silver plan available through the Health Insurance Marketplace and subtracting a percentage of the taxpayer's income.

The Rivers' premium tax credit = $9,800 - $1,767 = $8,033

6 0

3 years ago

RKO Company sold bonds with a face value of $850,000 for $910,000. The bonds have a coupon rate of 8 percent, mature in 10 years

Alex73 [517]

Answer:

cash 910,000 debit

bonds payable 850,000 credit

premium on BP 60,000 credit

-- to record issuance of bonds --

interest expense 63700 debit

amortization 4300 credit

cash 68000 credit

--to record coupon payment at December 31th--

Explanation:

issuance:

cash proceed of 910,000 face value of 850,000 the 60,000 difference wil be a premium.

interest entry:

we multiply the carrying value of the bonds by the market rate

we calcualte the cash procees as ussual: face value x bond rate

the difference wil be the amortization on premium

910,000 x 7% 63,700

850,000 x 8% 68,000

amorization 4,300

5 0

2 years ago

Our society is increasingly becoming more diverse. Discuss how this affects you as an individual, an organization, and society a

Mekhanik [1.2K]

Answer

Hello,

Well, a diverse society is stable and alive with positive dynamics, easy to adapt to changes and always geared towards a positive evolutionary.

As an individual, a diverse society offers greater opportunity for personal and professional growth.

In the society, diverse cultural views can inspire creativity and innovation. A diverse society has a pool of diverse skills base which allows an organization to produce broader and more adaptable range of goods and services.

A challenge in this is that integration across multicultural groups can be difficult due to negative cultural stereotypes. Some countries require navigating visa and application of employment laws that could be challenging requirements.

Diversity quotas in colleges can be outlawed but still allow colleges to consider race in admitting students.

Wish you luck!

5 0

3 years ago

The consumption function shows the relationship between consumption spending and _______. The slope of the consumption function

Stella [2.4K]

Answer:

Consumption Function : Relationship between Consumption Spending & Income

Consumption Function Slope = Marginal Propensity Curve (MPC)

Change in Consumption = Change in Income X MPC

Explanation:

Consumption Function is the curve representing relationship between Consumption spending and Income.

C = a + bY ; where :- C = Consumption , Y = Income , a = Autonomous Consumption i.e consumption at 0 level of income , b = MPC i.e additional consumption consumed from additional income = ΔC / ΔY

b = MPC i.e change in C due to additional change in Y = ΔC / ΔY is the slope of Consumption Function

MPC = ΔC / ΔY .

So, change in consumption i.e ΔC = MPC X ΔY

6 0

2 years ago

Entry for Issuing Materials Materials issued for the current month are as follows: Requisition No. Material Job No. Amount 103 P

romanna [79]

Answer:

Details below

Explanation:

For issuance of an entry a single transaction is recorded that is work in process account is debited and materials inventory account is credited. In subsidiary ledgers job numbers are debited. For indirect Materials factory overhead is debited.

The given data is as follows.

Requisition No. Material Job No. Amount

103 Plastic 400 $ 2,800

104 Steel 402 24,000

105 Glue Indirect 1,620

106 Rubber 403 3,200

107 Titanium 404 31,600

The entry for materials requisitioned will be

A compound entry can be passed. In this the subsidiary ledger is not included.

Sr. No Particulars Debit Credit

Work In Process 61600

Factory Overhead 1620

Materials Inventory 63200

The one with a subsidiary ledger would look like this.

Sr. No Particulars Debit Credit

(Subsidiary)

1 Work In Process 61600

( Job No 400) 2800

( Job No 402) 24000

( Job No 403) 3200

( Job No 404) 31600

Factory Overhead 1620

Materials Inventory 63200

This is combined entry but separate entries can be passed as well .

Sr. No Particulars Debit Credit

Work In Process 61600

Materials Inventory 61600

Sr. No Particulars Debit Credit

Factory Overhead 1620

Materials Inventory 1620

Sr. No Particulars Debit Credit

(Subsidiary ledger)

( Job No 400) 2800

( Job No 402) 24000

( Job No 403) 3200

( Job No 404) 31600

Materials Inventory Plastic 2800

Materials Inventory Steel 24000

Materials Inventory Titanium 3200

Materials Inventory Rubber 31600

In each of the entries above materials inventory is credited.

3 0

3 years ago