Dr. Ruiz shares equal responsibility and liability with her colleagues in their small business, which is a medical practice. Her business is a general partnership. Compared to limited partnership, general partnership have unlimited liability and that general partners are liable to their partnership's obligations.
The answer would be letter B.
The correct answer is Laissez-faire.
Laissez faire is a style of leadership which uses hands-off approach by allowing the group to direct itself.
Laissez faire is termed as the economic system where there are free from intervention of government.
For example, tariffs, privileges, subsidies and regulations. It is a word which came from French to mean let it go.
Answer:
$256,284
Explanation:
The computation is shown below:
First, Calculate the predetermined overhead rate per hour which equals to
= (Estimated manufacturing Overhead cost ÷ estimated machine hours)
= ($235,900 ÷ 20,800 hours)
= $11.34 per hour
So, the applied overhead or manufacturing overhead allocated equals to
= Predetermined overhead rate per hour × actual machine hours
= $11.34 per hour × 22,600 hours
= $256,284
Answer and Explanation:
The Journal entry is shown below:-
Bad debts expense Dr, $2,000
To Accounts receivable-Hopkins $2,000
(Being write off is recorded)
Here we debited the bad debt expenses as it increased the expenses and we credited the accounts receivable as it reduced the assets so that the proper posting could be done
Answer:
$204,000
Explanation:
Given that
Total manufacturing costs = $320,000
Manufacturing overhead = $52,000
Direct materials = $64,000
The computation of direct labor cost is shown below:-
Direct labor cost = Total manufacturing costs + Manufacturing overhead + direct materials
= $320,000 - $52,000 - $64,000
= $204,000
Therefore for computing the direct labor cost we simply applied the above formula.
