What the other person said is right
Answer:
it wll apply 335 dollars of overhead
Explanation:
Assembly rate: 45 dollars per machine hour
Sanding rate 15 dollars per labor hour
On assembly we will only follow the machien hours to apply the overhead rate
On sanding we will apply based on labor hours on that department, we will ignore the rest.
Job 603
Machine hours on Assembly: 4 x 45 = 170
Labor hours on Sandings: 11 labor hours x 15 = 165
applied overhead using the deparmental overhead rate: 335
To create and capture customer value, companies must engage the first step of the marketing process, which is Research Your Ideal Customer/Audience.
<h3>Why is the
first step of the marketing process important ?</h3>
The first step of the marketing process important because it help to identify the potential; buyers as well as to know the kind of the market that is needed to be focus on so as to be able to ,maker sales.
In this case, it should be noted that create and capture customer value, companies must engage the first step of the marketing process, which is Research Your Ideal Customer/Audience.
Learn more on marketing processat:
brainly.com/question/25754149
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Answer:
Limitation on Business Interest Deductions:
B. The limitation is calculated as a percentage of the taxpayers total taxable income
Explanation:
30% (or 50% for years 2019 and 2020, as amended by the CARES Act) of the adjusted taxable income of a business is the limit of business interest expense that is allowed by the IRS. The excess after this limitation may be carried forward by the tax paying organization to future tax years indefinitely until the interest expense is completely applied.
Following the CARES Act, "the business interest expense deduction limitation does not apply to certain small businesses whose gross receipts are $26 million or less, electing real property trades or businesses, electing farming businesses, and certain regulated public utilities. The $26 million gross receipts threshold, which applies for the 2020 tax year, is adjusted annually for inflation."
Answer:
Molding Department Work In Process Account (debit)
Assembly Department Process Account (credit)
Explanation:
When the molds are then transferred to the Assembly Department the Journal entry entry will be :
<em>Molding Department Work In Process Account (debit)</em>
<em>Assembly Department Process Account (credit)</em>
This recognises accumulation of manufacturing cost in Molding Department and de-recognises the Inventory in Molding Department Work In Process Account.