The correct answer is Choice C.
Beginning Jan. 1, 2019, all taxpayers may deduct only the amount of the total unreimbursed allowable medical care expenses for the year that exceeds 10% of their adjusted gross income.
Answer:
The total number of equivalent units for materials during the period is $55,000
Explanation:
The computation of the total number of equivalent units for materials during the period is shown below:
= Completed and transferred out units + ending work in progress units
= 50,000 units + 5,000 units
= 55,000 units
We simply added the Completed and transferred out units and the ending work in progress units to compute the equivalent units for materials
Answer:
Common Law
Explanation;
Common Law relies upon judicial principles of law of former court decisions.
Answer:
It is more profitable to continue processing.
Explanation:
Giving the following information:
Maxim currently has 10,000 bags of Green Health on hand. The variable production costs per bag are $3.80 and total fixed costs are $10,000. The cat food can be sold as it is for $9.15 per bag or be processed further into Premium Green and Green Deluxe at an additional $2,000 cost. The additional processing will yield 10,000 bags of Premium Green and 3,000 bags of Green Deluxe, which can be sold for $8.15 and $6.15 per bag, respectively.
Previous split off point:
Income= 10,000*(9.15 - 3.8) - 10,000= $43,500
Post split off point:
Income= 10,000*8.15 + 3,000*6.15 - 10,000*3.8 - 12,000= $49,950
It is more profitable to continue processing.