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Ber [7]
3 years ago
13

On its december 31, 2017, balance sheet, calgary industries reports equipment of $370,000 and accumulated depreciation of $74,00

0. during 2018, the company plans to purchase additional equipment costing $80,000 and expects depreciation expense of $30,000. additionally, it plans to dispose of equipment that originally cost $42,000 and had accumulated depreciation of $5,600. the balances for equipment and accumulated depreciation, respectively, on the december 31, 2018 budgeted balance sheet are:
Business
1 answer:
arlik [135]3 years ago
4 0

Equipment as on 1st Jan,2018 370000

Add: Equipment Purchased 80000

Less: Equipment Sold (42000)

Equipment Balance as on 31st Dec,2018 $408000

Accumulated Depreciation as on 1st Jan 74000

Add: Depreciation for the year 30000

Less: Depreciation of asset sold (5600)

Accumulated Depreciation as on 31st Dec,18 98400

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K Company estimates that overhead costs for the next year will be $3,600,000 for indirect labor and $950,000 for factory utiliti
Savatey [412]

Answer:

$43.75 per direct labor Hour

Explanation:

Overhead rate is the rate of allocation of overheads based on an activity. In this question direct labor is used as an activity. Total overhead of a plant also includes the utilities of the plant.

Total Overhead of plant = $3,600,000 + $950,000 = $4,550,000

Direct labor hours = 104,000 hours

We can calculate the overhead rate after dividing total overhead with total direct labor hours.

Plant-wide overhead rate = $4.550,000 / 104,000 = $43.75 per direct labor Hour

6 0
3 years ago
The present value of lease payments should be used by the lessee in determining the amount of a lease liability under a lease cl
Scorpion4ik [409]

Answer:

Finance Lease Yes Operating Lease Yes

Explanation:

The lease payments present value should be used for measuring the liability under a capital lease. In the case of the operating lease, the liability when occured at the time when the rent expense should be recorded but not be paid. In addition to this, it is recorded at the actual value of cash that should be paid not the present value

Therefore the first option is correct

8 0
3 years ago
Cyclical unemployment is caused by A. frictional and structural unemployment B. frictional but not structural unemployment C. ne
erica [24]

Answer:

The correct answer is option C.

Explanation:

Cyclical unemployment can be defined as the unemployment caused by business cycles mainly because of recession in the economy.

Structural unemployment can be defined as the unemployment caused by the mismatch in the skills of the workers and the skills required for the jobs available.

Frictional unemployment is the temporary unemployment cause because of shifts in the job. When people move from one job to another it causes frictional unemployment. But it exists only for a short period.

The cyclical unemployment is caused by downturns in the business cycle, neither frictional nor structural unemployment causes cyclical unemployment.

4 0
3 years ago
Write the name of trainings offered by Vocational Training Center​
nataly862011 [7]

Answer:

<h2>Common Vocational Courses</h2><h3>3.1 Healthcare and Social Assistance.à</h3><h3>3.2 Construction Industry.</h3><h3>3.3 The Manufacturing Sector.</h3><h3>3.4 Food Service.</h3><h3>3.5 Accounting and Bookkeeping.</h3><h3>3.6 Cosmetology and Hair Stylists.</h3><h3>3.7 Computer and IT Support.</h3><h3>3.8 Trucking and Transport Industry.</h3>

Explanation:

hope it help brainliest pls

8 0
3 years ago
Cant take big d but i suck on it....
Scrat [10]
.. huh and orange then me too and brown and green faking a red green brown
6 0
3 years ago
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