Answer:
Total factory overhead to be charged to each unit of Hooks is $33
Explanation:
Sum of all Activity Cost = Total Factory Overhead
Calculate the total factory overhead to be charged to each unit of Hooks
Activity rate = Budgeted amount / Total of each activity base
∴ Activity Rate
For Setups = 60,000 / 20,000 = 3 per setup
For Inspections = 120,000 / 24,000 = 5 per inspections
For Assembly = 420,000 / 28,000 = 15 per dlh
Activity Cost = Activity base for each unit * Activity rate
∴ Activity Cost
For Setups = 1 x 3 = $3
For Inspections = 3 x 5 = $15
For Assembly = 1 x 15 = $15
Recall that;
Sum of all Activity Cost is the Total Factory Overhead
= $3 + $15 + $15
= $33
Answer:
The correct answer is letter "B": Entity.
Explanation:
The Accounting Entity principle or Economic Entity principle states that a commonly co-owned group of businesses can entitle to be a single entity with the purpose to generate a consolidated financial statement. A business entity could be considered to be a sole proprietorship, partnership, or corporation.
Answer:
The economic model of corporate social responsibility (CSR)
Explanation:
The <u>economic model of corporate social responsibility</u> directs managers to maximize profit and shareholder wealth and recognizes only legal limitations on the pursuit of profit.
Answer:
Sep 11
Dr Cash 590.00
Cr Sales 590.00
Dec 31
Dr Warranty expense 59.00
Cr Estimated warranty liability 59.00
July 24
Dr Estimated warranty liability 41.00
Cr Repair parts inventory 41.00
Explanation:
Home Store Journal entry
Sep 11
Dr Cash 590.00
Cr Sales 590.00
Dec 31
Dr Warranty expense (590*10%) 59.00
Cr Estimated warranty liability 59.00
July 24
Dr Estimated warranty liability 41.00
Cr Repair parts inventory 41.00
The Etruscans developed a special sophistication in casting and engraving on <u>bronze.
</u>The Etruscans were an ancient culture that was located in central and northern Italy. They were very famous for their art, especially for bronze casts and engravings that are an important archaeological relic even today. They weren't the first nation to do this type of art, however, they were the best.<u>
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