Answer:
See below
Explanation:
Required 1
Overhead rate
= Overhead costs ÷ Direct material cost
= [$612,000 ÷ $1,800,000] × 100
= 34%
Required 2
Total cost of job in process
$90,000
Less: Materials cost of job in process
($27,000)
Less: Overhead applied (34% × $27,000)
($9,180)
Direct labor cost
$53,820
Answer:
17 times
Explanation:
Data provided in the given question :-
Net Sales = $1,250,000
Average account Receivable = $73,500
Net Income = $53,150
So, the accounts receivable turnover ratio is given below :-
Accounts receivable turnover ratio = Net sales ÷ Average accounts receivable
= $1,250,000 ÷ $73,500
= 17 times
Hence the net income is ignored for calculating the account receivable turnover ratio.
Answer:
c. $3,800
Explanation:
Calculation for the amount of taxable income
Using this formula
Taxable income =Interest income from a checking account+Interest income from corporate bonds +Interest income from federal bonds
Let plug in the formula
Taxable income =$1,000+$2,050+$750
Taxable income=$3,800
Therefore on his current year tax return the amount of his taxable income will be $3,800
Answer:
the correct answer is C
Explanation:
As described in the chapter case, which of the following constitutes a managerial element of the UPS tracking system?
C) The decision to use automation
The false statement is both offer an unlimited number of shares in a continuous public offering. (option c)
<h3>
What are open-end and closed-end investment companies?</h3>
Open-end investment companies are companies that allow investors invest in their company continuously through the purchase of their shares. On the other hand, closed-end investment companies close their company to new investors
An advantage of open-end investment companies is they are highly liquid. A disadvantage of open-end investment companies is the company is vulnerable from large inflows and outflow of investments.
An advantage of closed-end investment companies is they do not incur charges with regards to the redemption activities of investors. A disadvantage of closed-end investment companies is that investors cannot withdraw their funds until maturity.
To learn more about open-end investment companies, please check: brainly.com/question/20350725
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