Answer:
The correct answer is option (b) $5400
Explanation:
Solution
Calculation of the cost of direct material on May 1
Now,
The starting work In process inventory = Direct materials Cost + Direct labor Cost + Manufacturing overhead applied on W.I.P
13,500 = Direct materials cost + 4500 + 3600
Thus,
Direct material cost = 13500 - 4500-3600 = $5400
Note: Direct labor cost = 300 * 15 = $ 4500
The manufacturing overhead = 300 hour * $12 = $ 3600
So, only expenses associated to work in process will be considered, hence only direct labor and manufacturing overhead are used to work in process are considered.
Answer: $76,400
Explanation:
GIVEN THE FOLLOWING :
TAXABLE INCOME = $160,000
MUNICIPAL INTEREST = $20,000
ENTERTAINMENT EXPENSE = $55,000
FUN.
CURRENT E&P = (taxable income + interest) - (expenses + Tax deduction).
CURRENT E&P = $160,000 + $20000 - (55000 + 15000 + (160,000*0.21))
CURRENT E&P = 160000 + 20000 - 55000 - 15000 - 33600)
THEREFORE CURRENT E&P = $76,400
Answer:
It reduces the total no of hours that employees work.
Explanation:
Flextime schedule is a type of work arrangement where employees are allowed to select a convenient time to work as it may suit them , compared to the traditional work schedule method where the operation hours is outlined by the management .
It comes with a lot of advantage over the traditional work schedule as listed in the scenario given except that the total no of hours worked by employees remain the same. It has no overall effect on the no of hours worked but the flexibility that allows convenience and increased productivity.
Explanation:
the racial wealth gap in the United States is the disparity in median wealth between the different races . This gap is most pronounced between whitehouseholds and racia minorities