Answer:
<em>The adjustment for overapplied overhead </em><em><u>decreases cost of goods sold and increases</u></em><em> </em><em>net income</em>
Answer:
its easier to receive a bachelor's degree there.
<span>Implicit Cost Explicit Cost
The wholesale cost for the pianos that Darnell pays the manufacturer $452,000
The salary Darnell could earn if he worked as an accountant $48,000
The wages and utility bills that Darnell pays $301,000
The rental income Darnell could receive if he chose to rent out his showroom $38,000
B.
Profit ($)
Accounting Profit 842,000 - 452,000 - 301,000 = 89,000
Economic Profit 842,000 - 452,000 - 301,000 - 48,000 - 38,000 = 3,000
C. Economic Profit as an accountant = 48,000 + 38,000 - 89,000 = -$3,000. Thus, Darnell should stay in the Piano business to maximize the Economic Profit.</span>
Answer:
The correct answer is $23,430.
Explanation:
According to the scenario, the given data are as follows:
Total actual revenue = $1,700,000
Irvine Center actual revenue = $561,000
Advertising cost = $71,000
So we can calculate the amount of advertising that would be allocated to the Irvine center by using following formula:
Advertising Cost allocated = (Irvine Center actual revenue × Advertising cost) ÷ Total actual revenue
By putting the value, we get
= ($561,000 × $71,000) ÷ ( $1,700,000)
= $23,430.
Answer:
A bachelor degree is typically earned between 3 and 4 years. Many schools require students to complete about 40 courses or 120 credit hours.
