In 1971, nixon imposed wage and price controls in an effort to curb inflation.

Any establishment formed to carry on commercial enterprises is a

Colt1911 [192]

Business organizations I bet. Hope this helps. :)

6 0

3 years ago

What will you be least likely to be responsible of as part of the accounting team of your organization? A. reconciling accounts

riadik2000 [5.3K]

Accounting is a field that is concerned with the processing, measuring, and communicating of financial information of a company. If you worked in an accounting department, you would most definitely have to reconcile accounts, prepare financial statements, monitor accounting activities, and prepare an investment schedule for the organization.

You will not, however, be expected to (D) develop marketing and advertising strategies. This type of task is usually assigned to the marketing department of a company.

5 0

3 years ago

The waxy substance that helps plants retain water is called _____. cuticle stomata anther epigynous

Nikitich [7]

The correct answer is "cuticle." The waxy substance that helps plants retain water is called cuticle. A cuticle is the protecting film covering. It consists of lipid and hydrocarbon polymers that is impregnated with wax. It is synthesize by the epidermal cells.

7 0

3 years ago

Read 2 more answers

Laval produces lamps and home lighting fixtures. Its most popular product is a brushed aluminum desk lamp. This lamp is made fro

il63 [147K]

Answer:

Determine the plantwide overhead rate for Laval using direct labor hours as a base.

1. Estimated overhead costs $800,000 $1.60 per direct labor hour

Estimated direct labor hours 500,000

2. Determine the total manufacturing cost per unit for the aluminum desk lamp using the plantwide overhead rate.

Direct Labor - Assembly $188,500

Direct Labor - Fabricating 395,200

Direct materials 270,000

Overhead 34,720

Total manufacturing costs 888,420

Units produced 22000

Manufacturing cost per unit 40.38

3. Compute departmental overhead rates based on machine hours in the fabricating department and direct labor hours in the assembly department.

Departmental overhead rate

Fabricating 390000/152000 = 2.57 MH

Assembly 410000/290000 = 1.41 DLH

4. Use departmental overhead rates from requirement 3 to determine the total manufacturing cost per unit for the aluminum desk lamps.

Direct materials 270000

Direct labor

Fabricating 188500

Assembly 395200

583700

0

Overhead

Fabricating (15000*2.57) 38550

Assembly (15200*1.41) 21432

59982

0

Total manufacturing cost 913682

Units produced 22000

Manufacturing cost per unit 41.53 per unit

8 0

3 years ago

Equipment was purchased at a cost of $52,000. It had an estimated useful life of seven years and a residual value of $3,000. Ass

Gnesinka [82]

D) a debit to gain on Sale of Asset

The transaction is going to be between Accumulated Depreciation account and Gain on Sale of Asset. The Depreciation account would be credited whiles the Gain on Asset account is Debited.

Explanation:

Cost = $52,000

Estimated useful life = 7 years

Residual value = $3,000

Depreciation for each year

($52,000 -$3,000) / 7 years = $7,000

Accumulated Depreciation as at year 6

$7,000 * 6 years = $42,000

Carrying amount as at the end of year 6 is

$52,000 - $42,000 = $10,000

Sales price is $14,000.

Profit or loss on sale

(sales price - carrying amount)

$14,000 - $10,000 = $4,000

Therefore the profit/gain on sale of asset of $4,000 will be debited in the gain on sale of asset account.

5 0

4 years ago