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tigry1 [53]
3 years ago
5

Use the following data to compute total factory overhead costs for the month: Sales commissions $ 11,700 Direct labor 40,500 Ind

irect materials 16,100 Factory manager salaries 8,100 Factory supplies 9,900 Indirect labor 7,200 Depreciation—office equipment 5,900 Direct materials 41,400 Corporate office salaries 43,400 Depreciation—factory equipment 8,400
Business
1 answer:
Oduvanchick [21]3 years ago
6 0

Explanation:

Overhead costs consists of indirect labor and indirect material costs. It cannot be traced directly to specific units produced.

According to this question,

Total factory overhead cost= Indirect materials+ Factory manager salary+ Factory supplies+ Indirect labor+ Depreciation- factory equipments

= 16,100+ 8,100+ 9,900+ 7,200+ 8,400= $49,700

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Savant Homes, Inc., is a custom home designer and builder. Using what it called the Anders Plan, Savant built a model house in W
nevsk [136]

Answer and Explanation:

There is no copyright infringement here. Savant homes had not taken a copyright protection for the design prior to this time. Also in the case it was found that the design is not in fact a unique design by Savant homes as it is used widely and was common before savant homes used it. And so it was a dummy model for everyone to copy from. Therefore the infringement was considered invalid as there was no ground for savant homes to claim it as am intellectual property

5 0
4 years ago
The controller for Clint Eastwood Co. is attempting to determine the amount of cash to be reported on its December 31, 2014, bal
NISA [10]

Answer:

The amount of $8,707,170 of cash and cash equivalents to be reported on Eastwood Co.

Explanation:

Cash reported  December 31,2014 = Commercial savings account + Commercial checking account  + Money market fund + Petty cash fund + Commercial paper  + Currency and coin on hand

=$698,340 + $830,320 + $5,044,440  + $1,900 + $2,124,020 + $8,150

= $8,707,170

​Therefore, The amount of $8,707,170 of cash and cash equivalents to be reported on Eastwood Co.

8 0
3 years ago
Ballpark has shares of par common stock outstanding. Ballpark announces a stock split of for1. What is the effect of the​ split?
Harman [31]

Answer:

The answer is 'it increases the number of shares outstanding'

Explanation:

Stock split increases the number of shares outstanding. It causes dilution of earnings per share.

For example, ABC Inc. has 50,000 shares outstanding and it announces a stock split of 3-for- 1.

This means that any shareholder that has 1 will exchange that 1 share for 3 shares. So at the end of the stock split the total number of shares outstanding will be 150,000 shares (50,000 x 3)

6 0
3 years ago
Robert is the sole shareholder and CEO of ABC, Inc., an S corporation that is a qualified trade or business. During the current
Arisa [49]

Answer:

a. $293,000

b. $203,000

Explanation:

a. What is Robert's qualified business income?

Robert's qualified business income is the net income minus Robert's salary. Since the salary of $87,900 has already been deducted, $293,000 is Robert's qualified business income.

b. What is Robert's qualified business income if you determined that reasonable compensation for someone with Robert's experience and responsibilities is $177,900?

Extra deductible salary = $177,900 - $87,900 = $90,000

New Robert's qualified business income = $293,000 - $90,000 = $203,000

3 0
4 years ago
Nire   has a comparative advantage in producing butter, whereas Nire   has a comparative advantage in producing guns.Consider a
riadik2000 [5.3K]

Answer:

False

Explanation:

A proposed trade of 12.5 pounds of butter for 20 guns may NOT be mutually agreeable to both countries.

The main idea of comparative advantage is NOT trade by barter but buying and selling. Comparative advantage is a principle that states that a country should produce more of the goods and services which it can produce at a lower opportunity cost than that of trade partners and thereafter sell to those partners at a lower cost than they would have produced it themselves in the bid to be self reliant.

It is difficult to agree to such a deal of 12.5 pounds of butter for 20 guns because it is impossible to conclude that they are even or equal in value. The both countries should sell to each other as money is a common means of exchange.

5 0
3 years ago
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