Answer:
$11,000 under applied
Explanation:
To compute the under or over applied overhead, we need to find out the predetermined overhead rate
Predetermined overhead rate = Total estimated manufacturing overhead ÷ Estimated machine hours
= $4,100,000 ÷ 500,000
= $8.2
Then, the overhead applied is;
= Actual machine hours × Predetermined overhead rate
= 495,000 × $8.2
= $4,059,000
Now, the under applied or over applied overhead is
= Actual annual overhead cost - Applied overhead
= $4,070,000 - $4,059,000
= $11,000 under applied
The repeating economic changes that happen in a society over time are known as business cycles.
Business cycles are one sort of fluctuation that can be seen in a country's overall economic activity, a pattern of booms that occur roughly at the same time in various economic activities, followed by contractions that are equally widespread.
The repeating economic changes that happen in a society over time are known as business cycles. It can be recognized by changes in the GDP and other macroeconomic indicators.
Business cycles are made up of coordinated cyclical upswings and downswings in output, employment, income, and sales, which are four broad indices of economic activity.
Expansions and contractions, commonly known as recessions, are the two contrasting phases of the business cycle.
To learn more about business cycle link is here
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A verbal contract is generally legally binding, but enforcement requires a significant burden of proof. In this particular instance, there would be exceptional difficulties in compelling Chris to pay.
Answer:
$0
Explanation:
The Tax Cuts and Jobs Act eliminated the possibility of deducting casualty losses if they were not caused by federally declared natural disasters. The only way Mary could deduct the $25,000 loss is that she had some type of casualty gain during the year that is offset by this loss. Casualty gains result when a person receives more money from an insurance company due to an event, e.g. fire, than the basis of the property. But in this case, there is no prior casualty gain, so the casualty loss cannot be deducted.
Exporting is the least complex of the types of global operations. This does not require any investment in the host country such as infrastructure, manpower, or facilities.
