Answer:
Total cost= $950
Explanation:
Giving the following information:
Direct labor= $12 per hour
Manufacturing overhead= $18 for each employee hour worked.
Job M-47:
used $350 of materials and took 20 hours of labor to complete
<u>We need to calculate the total cost of Job M-47:</u>
Total cost= direct material + direct labor + allocated overhead
Total cost= 350 + 12*20 + 18*20
Total cost= $950
Answer:
$0
Explanation:
During the past two years, through extensive advertising and improved customer relations, Orange Corporation estimated that it had developed customer goodwill worth $500,000. For the current year, determine the amount of goodwill Orange may amortize.
Self created goodwill is not a 197 intangible and thus cannot be amortized.
Intangible property are property acquired for use in a trade or business or for the production of income be amortized over fifteen years from the date of acquisition regardless of the assets useful life, good will is an example of intangible property.However,self created goodwill cannot be amortize for example customer list that you developed over the years for your own business can not be amortize.
Answer:
The correct answer is letter "D": B will decrease and the demand for C will increase.
Explanation:
Substitute goods are those whose quantity demanded are inversely proportional. It implies if the quantity demand for one product increases, the quantity demanded for its substitutes will decrease and vice versa.
Complementary goods' quantities demanded have a directly proportional direction. Thus, if the quantity demanded for one product increases, the quantity demanded for its complementary goods increase as well.
So, <em>the cost of producing good A will bring its prices down causing the quantity demanded for A to increase -demand law. Substitute good B will see its quantity demanded dwindled while complementary good C will see its quantity demanded increased.</em>
Answer:
C. Social media
Explanation:
Social media refers to the online interaction among networks of people, communities and organizations that are connected and dependent on themselves
Answer and Explanation:
Particulars Microscopes
Made units 11,800
Less : Sold units 7,800
Closing Inventory 4,000
Now
Cost per Microscope is
= $66,375,000 ÷ 11,800
= $5,625.
Now
The Portion of Transportation Cost still in hand in Ending Inventory is
= $5,625 × 4,000
= $22,500,000
Now the identification of the financial statement elements are as follows
Assets Overstated $22,500,000
Liabilities Not Affected
Retained earnings Overstated $22,500,000
Revenue Not Affected $22,500,000
Expense Understated $22,500,000
Net income Overstated $22,500,000
The liabilities and the revenue is not affected and the other items would affected accordingly
