$55,555..........................................................................................
Teenage entrepreneurship is growing especially in the health industry and saving the environment.
Answer:
a) 37,907.
Kindly go through the attachment for the other answers requested for from the question.
Explanation:
The journal entry for the issuance of Bond = 37,907.
The journal Entry for Interest Payment and Amortization in 2014 are in the attached file. Kindly go through it for the illustration through which the answers are gotten.
Answer:
$3.10 ; $2.10 and $14.20
Explanation:
The computation of the activity rates is shown below:
For Activity 1
= Budgeted cost ÷ Total budgeted activity of cost driver
= $94,550 ÷ (18,200 + 8,100 + 4,200)
= $94,550 ÷ 30,500
= $3.10
For Activity 2
= Budgeted cost ÷ Total budgeted activity of cost driver
= $53,550 ÷ (7,100 + 13,200 + 5,200)
= $53,550 ÷ 25,500
= $2.10
For Activity 3
= Budgeted cost ÷ Total budgeted activity of cost driver
= $59,995 ÷ (1,175 + 1,000 + 2,050)
= $59,995 ÷ 4,225
= $14.20