three common types of federal taxes are :
1. income tax
2. Property tax
3.Sales tax
<span>Without feedback, leaders can miss important signals that something is going wrong.
</span><span>A communication path between them and their employees (a feedback) is very important in order the leaders to be successful and to achieve the desired results and goals.</span>
Answer:
Journal entry to record depletion expense
Depreciation expense $280,000 (debit)
Accumulated depreciation $280,000 (credit)
Explanation:
The coal mine is an economic resource controlled (ownership of risks and benefits) by Last year, Mountain Top, Inc as a result of past event (purchase transaction) from which economic benefits are expected to flow into the business (cash from sale of minerals).Therefore the coal mine is an asset!
The asset is being depleted as it is being used. This is called depreciation.
Depreciation expense in this case is calculated as :
Depreciable Account × Current harvest as a percentage of total estimated tons available
(900000-100000)× 70000/200000 = $280,000
Answer:
$114 unfavorable
Explanation:
For computing the overall variable overhead efficiency variance first we have to need to find out the standard variable overhead rate which is shown below:
= ($11,680 + $41,900) ÷ 4,700 hours
= $11.4
Now the variable overhead efficiency variance is
= standard variable overhead rate × (Actual machine hours - standard machine hours)
= $11.4 × (4,740 machine hours - 4,730 machine hours)
= $114 unfavorable
This unfavorable indicates the actual hours are more than the standard hours
