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3 years ago

A ceiling fan that was purchased at a local hardware store and then is attached to the ceiling becomes _______ to the property.

Business

1 answer:

Alona [7]3 years ago

6 0

Answer:

The fixture, is the right answer.

Explanation:

The “fixture” is the correct answer because the term fixture refers to the piece of equipment or furniture that is fixed in the house or stays at a fixed position in the building. For example, there are many things in the house that are used only at its fixed position like the AC in the room. Once the AC is installed in the room then it is stationary, no one gonna move it from its original place. Likewise in the question, it is about the ceiling fan and the fan is also stationary as it stays at a fix position.

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Exercise 3-8 Applying Overhead; Journal Entries; Disposing of Underapplied or Overapplied Overhead [LO3-1, LO3-2, LO3-4] The fol

Yanka [14]

Answer:

1. a would be the Actual Manufacturing cost for the year

b would be the Manufacturing Overhead applied to the Work in Process

c is the Cost of Goods Manufactured in the year

d is the Cost of Goods Sold as shown in the same named account.

DR Cost of Goods Sold $83,328

CR Manufacturing Overhead $83,328

DR Work in Process $‭5,472‬

Finished Goods $‭13,152‬

Cost of Goods sold $‭64,704‬

CR Manufacturing Overhead $83,328

Working

Overhead is distributed as follows;

Work in process = 27,360/ 416,640 * 83,328 = $‭5,472‬

Finished Goods = 65,760/ 416,640 * 83,328 = $‭13,152‬

Cost of Goods sold = 323,520/416,640 * 83,328 = $‭64,704‬

8 0

3 years ago

High Mountain Lumber (HML) has normal budgeted overhead costs of $115,150 and a normal capacity of 35,000 direct labor hours for

Furkat [3]

Answer:

Standard total overhead cost (0.5 hr x 25,000 x $3.29) 41,125

Less: Actual total overhead cost ($21,000 + $18,000) 39,000

Total overhead variance 2,125(F)

Standard overhead application rate

= <u>Budgeted overhead</u>

Budgeted direct labour hours

= <u>$115,150</u>

35,000 hours

= $3.29 per direct labour hour

Explanation:

Total overhead variance is the difference between standard total overhead cost and actual total overhead cost. Standard total overhead cost is the product of standard hours per unit, standard overhead application rate and actual output produced. Actual total overhead cost is the aggregate of actual variable overhead cost and actual fixed overhead cost. Standard overhead application rate is the ratio of budgeted overhead to budgeted direct labour hours (normal capacity).

6 0

3 years ago

Which of the following transactions would NOT be acceptable to the IRS as a means of switching the taxable income to another tax

hodyreva [135]

Answer:

B) Transferring interest income from a taxpayer's investment to his young daughter

Explanation:

If you want to pay less taxes there are two basic ways that you can do it:

moving income (and deductions) to a more favorable tax jurisdiction, e.g. many multinational corporations did this by setting foreign headquarters that managed sales outside the US
moving income form a tax payer that falls under into a high tax bracket to another taxpayer that falls under a lower tax bracket, e.g. giving stock to your children as a gift

5 0

3 years ago

Define equity economics.

brilliants [131]

Answer:

Equity or Economic equality is the concept or idea of fairness in economics, particularly in regard to taxation or welfare economics.

3 0

2 years ago

Read 2 more answers

In the nation of Ruva, GDP is $15 trillion, consumption is $10 trillion, and government spending is $2.5 trillion. Taxes are $1

ELEN [110]

Answer:

Private Savings = $4 Trillion

Explanation:

Given that

GDP = Y = 15 Trillion

Taxes = T = 1 trillion

Consumption = C = 10 trillion

Recall that

Private Savings = Y - T - C

Therefore,

Private savings = 15 - 1 - 10

= $ 4 Trillion

6 0

3 years ago