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3 years ago

Formula for average inventory

1 answer:

6 0

The average of inventory is the average amount of inventory available in stock for a specific period.

To calculate the average of inventory, take the current period inventory balance and add it to the prior period inventory balance. Divide the total by two to get the average inventory amount.

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The company XOXO is specialized in producing treadmills. The company allocates manufacturing overhead based on direct labor hour

Sphinxa [80]

Answer:

XOXO

1. Predetermined Manufacturing Overhead (MOH) rate = estimated overhead divided by total direct labor = $4,600/460 = $10 per direct labor

2. Analysis of cost per set for Job 12:

Raw materials:

Electronic parts: 40 units at $20 per unit = $800

Plastic: 10 kilograms at $10 per kilogram 100

Labor hours: 60 hours at $25 per hour 1,500

Manufacturing overhead applied $10 per 600

labor hour

Total Cost $3,000

Divided by 30 sets = $100 per set

Explanation:

The manufacturing overhead rate is the rate at which overhead will be charged to the jobs completed as part of the cost of production. As an estimate, it can be overapplied or underapplied.

6 0

3 years ago

A new labor-saving technology will likely result in..... Group of answer choices Lower wage share of output and lower Gini coeff

jekas [21]

Answer:

Higher unemployment, lower wage share of output, and higher Gini coefficient in the long run.

Explanation:

Since less labor will be used, total unemployment will increase. Besides less labor being used, more capital will be used, so the share of labor in total output will decrease. Labor efficiency increases, since you need less labor to produce the same or even a larger amount of output.

New technologies tend to increase the wages of high skilled labor and management. Since the Gini coefficient measures income inequality, then higher wages for a few will increase inequality.

This is an example of what is happening in the US, where highly trained labor is getting paid better every time while unskilled labor is getting paid the same as many years ago or their wage has even decreased with time. This shows how important a college education is, and the difference will only keep increasing.

7 0

3 years ago

3. The Kelsh Company has two divisions--North and South. The divisions have the following revenues and expenses: Sales Variable

Tasya [4]

Answer:

My guess is a

IM NOT SURE...:P

Explanation:

8 0

3 years ago

Duc has been employed by Longbow Corporation for 25 years. During that time, he bought an annuity at a cost of $50 per month ($1

Arte-miy333 [17]

Answer:

a. How much gross income does Duc have from the contract in the current year?

According to the IRS, Duc's life expectancy is 90 years and 8 months, or 310 more months. This means that Duc can discount from his monthly income $15,000 / 310 = $48.39 (which we must round down to $48).

Duc received 8 x $200 = $1,600

deductions = 8 x $48 = $384

taxable income = $1,216

b. Assume that Duc dies on April 2, 2025. How does Annika account for the contract in 2025?

Annika should account for the contract in the same way as Duc did, and will also be able to discount $48 per month form her gross income. Since Annika will still file her taxes as married during 2025, she will report net income from this contract = ($200 - $48) x 12 months = $1,824

c. Assume the same facts as in part b and that Annika dies on August 4, 2032. How does the executor of Annika's estate account for the contract in the year of her death?

Both Duc and Annika received [(2032 - 2019) x 12] + 4 = 160 payments in total, so her estate is entitled to a tax deduction = (310 - 160) x $48 = $7,200

Since she died on August, her estate must also report income = ($200 - $48) x 8 = $1,216

3 0

3 years ago

byu 220 in gibbons v. ogden, the supreme court ruled that rail companies could not purchase farmland without the consent of farm

sukhopar [10]

In Gibbons v. Ogden, the Supreme Court ruled that rail companies D. states could not restrict trade within their jurisdictions.

Under the constitution, rail companies have the electricity to make all laws that shall be vital and proper for carrying into execution the foregoing powers. Aaron Ogden was given permission to function his steamboats in the big apple. Thomas Gibbons changed and allowed to function his steamboats in the big apple.

The ruling in Gibbons v. Ogden asserted Congress's authority to adjust interstate trade on the idea of the Supremacy Clause. It set a precedent that Congress had the strength to overturn country rules if interstate commerce were worried.

The case introduced mild the problem of the trade Clause of the united states charter. It changed into a question of whether or not Congress ought to adjust positive factors of trade. It averted states from establishing similar monopolistic rail companies' legal guidelines, encouraging an increase in steamboat journey and cargo delivery. This increased change opportunities between states, boosting states' economies.

Learn more about rail companies here:-brainly.com/question/11433327

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8 0

1 year ago

Formula for average inventory ​

Formula for average inventory