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Whitepunk [10]
3 years ago
12

Which of the following would be included in the Lease Receivable account? I. Guaranteed residual value. II. Unguaranteed residua

l value. III. Executory costs IV. Rental payments
Business
1 answer:
mixas84 [53]3 years ago
3 0

Answer:

Guaranteed residual value, Unguaranteed residual value and Rental payments.

Explanation:

I. Guaranteed residual value, II. Unguaranteed residual value, and IV. Rental payments will all be included in Lease Receivable account EXCEPT executory cost which is already included in the rental payment.

Executory cost refers to the cost of normal expenses associated with owning a leased asset, including insurance, maintenance, and taxes.

Executory costs are paid by the lessee and they are included as part of the rental payment or a pass through expense paid directly by the lessee.

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Bellucci Corporation has provided the following information: Cost per UnitCost per Period Direct materials$6.70 Direct labor$3.5
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Answer:

The incremental manufacturing cost that the company will incur if it increases production from 10,500 to 10,501 units is closest to $11.40

Explanation:

It is important to note that the question requires The incremental manufacturing cost that the company will incur if it increases production from 10,500 to 10,501 units

From Production of 10500 units to 10501 units, there is an increment of 1 unit.

<u>Lets find the incremental cost of 1 unit.</u>

1.To do this we only consider variable manufacturing costs only.

2.Since increase is within the relevant range, the fixed manufacturing overheads do not change.

3.Also Ignore all non- manufacturing overhead as they do not form part of manufacturing costs.

                                                         Extra 1 Unit

Direct materials                                    $6.70

Direct labor                                           $3.50

Variable manufacturing overhead     $1.20

Total Cost                                             $11.40

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3 years ago
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concealment
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What is the value of x in the equation 1/3 X - 2/3 = -18?
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