Answer Explanation:
For the manufacturing overhead occurs during the manufacturing process but unlike wages, the actual values are unknow thus, we cannot anticipate in a guarantee amount. Hence, the cost accounting works as follows:
It will stablish a predetermined overhead rate which will be charged against WIP based on another factor which can be measure (like working hours, machine hours, among others)
Then, during the period as the actual cost occurs they will be charged into manufacturing overhead account.
At the end of the period, we will be able to determinate the actual cost and adjust COGS, WIP and FINISHED GOOD if needed to represent the actual cost of the inventory produced.
Answer: $595
Explanation:
First find the probability of a $2,000 loss.
= 1 - other probabilities
= 1 - 0.6 - 0.05 - 0.13
= 0.22
Expected cost to the publishing company is a weighted average of the costs:
= (0 * 0.60) + (500 * 0.05) + (1,000 * 0.13) + (2,000 * 0.22)
= $595
Answer:
A company issued 60 shares of $100 par value common stock for $7,000 cash. The total amount of paid-in capital is: $6, 000
Explanation:
60 shares of $100 per value
therefore, the cost would be 60 X 100= $6,000
The primary purpose of taxation is to raise revenue to meet huge public expenditure. Most governmental activities must be financed by taxation. But it is not the only goal. In other words, taxation policy has some non-revenue objectives. so the answer is A.
Answer:
2.21%
Explanation:
The internal rate of return is the rate of return on the project where the present value of future cash flows equals the initial investment outlay. It is known as the break-even discount rate since, at IRR, the net present value is zero.
The IRR can be determined using the excel IRR function as shown thus:
=IRR(values)
values are the cash flows from years 0-4
Find attached excel file for IRR computation
