Answer:
Firstly packaging and labeling costs can be either be charged on variable overheads cost or on selling overheads costs( distribution and marketing cost).
Assuming they are charged on Selling overheads cost:
There are no figures to illustrate the change on inventory cost as a result of moving Labeling and packaging from selling overheads to Direct Costs ( DC) but indefinitely when there are new costs charged to the direct costs of inventory, inventory cost will increase by their exact costs.
If they are charged on Variable overheads then they are already part of inventory cost as is variable cost on Work in process therefore there wont be change in inventory cost just change in direct material.
Explanation:
Answer: $15600
Explanation:
To calculate the amount of the Payroll Department's cost that is allocated to the Assembly Department goes thus:
First we need to calculate the allocation rate which will be:
= $300,000/25,000
= $12.
Then, the departmental cost will be:
= Payroll checks × Allocation rate
= 1,300 × $12
= $15,600.
Therefore, the amount of the Payroll Department's cost that is allocated to the Assembly Department is $15600.
Answer:
Less than average total Cost
Explanation:
Average total cost can be estimated as
(total fixed cost as well as variable costs )/ ( total units produced). It has a great impact on how a business is going to set up the price of their products. Marginal cost is can be regarded as alteration in total cost as a result of increase in unit of quantity produced. It should be noted that If a firm's average total cost decreases as the firm increases its output, the firm's marginal cost must be Less than the average total cost
Answer:
Subtract all your expenses from your earnings which would be 750,000 - 200,000 -150,000 - 50000 = $350,000 net income
Answer:
b. Long-term care insurance is allowed as a deduction, subject to a dollar limitation.
Explanation:
Long-term care insurance is designed to provide daily benefit to the holder when he is in need of assistance do some activities related to daily living such dressing, eating, bathing, and among others.
It is possible for self employed to qualify to deduct 100% of the premium paid for long-term care insurance subject to the maximum of 2020 age-based eligible premium amounts as provided below:
Age 40 and below = $430
Age 41 - 50 = $810
Age 51-60 = $1630
Age 61-70 = $4350
Age 71 and over = $5430
