Answer: The deficit is lower when compared to 2010.
Explanation:
The United States Budget for 2010 titled "A New Era of Responsibility: Renewing America's Promise by President Barack Obama's budget in 2010 was $3.456 trillion for expenditure and total revenue was $2.163 which led to a budget deficit of $1.294 trillion.
In 2019, the revenue was $3.422 and expenditure was $4.407 which led to a budget deficit was $985. It can be deduced that there has been a reduction in the budget deficit when compared to 2010.
Answer:
Explanation:
The journal entry to record the expenditure account is shown below:
Postage A/c Dr $100
Business lunches A/c Dr $150
Delivery fees A/c Dr $75
Office supplies /c Dr $25
To Petty cash A/c $350
(Being expenditure is recorded)
So, the debit petty cash account would not be considered as it is credited while passing the journal entry.
<span>Most processing in a computer takes place in a component called the __CPU___ processing unit.</span>
Answer:
Apportioned set-up cost
Plus =$21,600
Max=$43,200
Explanation:
Activity-based costing is a form of absorption costing where overheads are charged to product using cost drivers.
<em>Under this method, overheads are first analyzed and categorized by the activities responsible for them and then charged to product based on the amount of benefits enjoyed using cost drivers. </em>
<em>The cost driver in this scenario is the number of set-ups</em>
Activity rate per driver is calculated as:
Activity overhead for the period / Total cost drivers for the period
So, we can apply this formula to the scenario above:
Set-up overhead= $64,800
Total set-ups for the period = 20 + 40 = 60
Overhead cost per set-up = $64,800/60=1,080
Set-up cost allocation:
Plus - 20 × 1,080=$21,600
Max- 40 × 1,080=$43,200
Apportioned set-up cost
Plus =$21,600
Max-=$43,200
