Answer:
3. MOH allocated to job= predetermined MOH rate * actual amount of allocation base used by the job
Explanation:
3. MOH allocated to job= predetermined MOH rate * actual amount of allocation base used by the job
The predetermined overhead rate is used to apply manufacturing overhead costs to production jobs. the quantity of a cost driver required by a particular job is multiplied by a predetermined overhead rate to determine the amount of overhead cost applied to the job.
An estimate is made of
- the amount of manufacturing over head that will be incurred during a specific period of time and
- the amount of the cost driver ( or activity base) that will be used or incurred during the same time period. the predetermined overhead rate is computed as follows
Predetermined Overhead Rate= Budgeted Manufacturing Overhead Cost/ Budgeted amount of cost driver
The predetermined overhead rate is used to apply manufacturing overhead costs to production jobs. The quantity of the cost driver ( or activity base ) required by a particular job is multiplied by the predetermined overhead rate to determine the amount of overhead cost applied to the job.
Answer:
C. Ron’s basis in his stock is $27,000
Explanation:
Income recognized on services rendered $21,000
Add basis of $6,000
Ron stock basis $27,000
The property contributed by Ron is not considered insignificant compared to the value of the services he has rendered, which is why the entire contribution is counted as being for property.
Hence, the control requirement is satisfied and a valid § 351 transaction results. Ron’s stock basis is $27,000 [$6,000 (basis of cattle transferred) + $21,000 (income recognized on services rendered)]
Answer:
after tax yield on corporate bonds = 6.3 %
Explanation:
given data
federal plus state tax bracket = 30%
corporate bonds yields = 9%
solution
we get here yield that must municipals offer for the investor is express as
after tax yield on corporate bonds = corporate bonds yields × ( 1 - federal plus state tax bracket ) ......................1
put here value and we will get
after tax yield on corporate bonds = 9% × ( 1 - 30% )
after tax yield on corporate bonds = 0.09 × ( 1 - 0.30 )
after tax yield on corporate bonds = 0.063
after tax yield on corporate bonds = 6.3 %
<span>If you borrow money from a bank, you are the ____________. </span>
<span>C</span>
