Depreciation gives the property owner an allowance for the decline in the physical condition of real estate over time., the actual decline in an asset's fair value, such as the annual decline in value of factory equipment due to use and wear, and second, the allocation in accounting statements of the asset's original cost to periods during which the asset is used.
Depreciation in accounting refers to two different aspects of the same idea: first Depreciation is the process of reallocating, or "writing down," the cost of a tangible item (such as equipment) over the course of that asset's useful life.
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Answer:
The amount of overhead applied during the year is $2,400,000
Explanation:
In determining overheads amounts to be included in product costing, a company uses Budgeted overheads.
Budgeted overheads are used rather than actual overheads because of the delays that are made to obtain Actual data for Actual overhead amounts which will delay product costing.
Therefore Using machine hours as a base, the amount of overhead applied during the year is $2,400,000
Answer:
Free-market
Explanation:
As Alana can import without paying quotas to the government the economy i nthis country is of free-market. The government doesn't try to restrict their citizens from the goods and services offered fro manother countries.
Same is true for the sale of national product to abroa,there is no qupta, tariff or additional cost involved in trade thant those generated from the transactions. It is tax-free to import and export
Answer:
<u>Dietz corporation cash budget for the first quarter </u>
Total Receipts :
Collections from Customers $199,800
Receipts from Sale of Equipment $3,240
$203,040
Total Payments :
Direct materials $46,440
Direct labor $75,600
Manufacturing overhead $37,800
Selling and administrative expenses $48,600
Purchase of securities $15,120
$223,560
Net Receipts/(Payments) ($20,520)
Opening Balance $32,400
Closing Balance $11,880
Required Balance $27,000
Loan (Shortfall) $15,120
Explanation:
A cash Budget shows the future estimate of future cash incomes and cash expenditures.
Answer:
B. Herbania is technologically superior to Duckistan in producing civilian goods.
Explanation:
Duckistan Production Possibilities
A B C D E
Civilian Goods 20 18 14 8 0
Military Goods 0 1 2 3 4
opportunity cost - ¹/₁₈ ¹/₇ ³/₈ 4 civilian goods
opportunity cost 20 18 7 2.7 - military goods
Herbania Production Possibilities
A B C D E
Civilian Goods 40 36 26 14 0
Military Goods 0 1 2 3 4
opportunity cost - ¹/₃₆ ¹/₁₃ ³/₁₄ 4 civilian goods
opportunity cost 40 36 13 4.7 - military goods
Herbania has an absolute advantage in the production of civilian goods. Since it also has a lower opportunity cost of producing civilian goods, therefore, it also has a comparative advantage at producing civilian goods. Assuming that resources are equal in both countries, then we can assume that Herbania is technologically superior in the production of civilian goods.
Dukistan has a lower opportunity cost of producing military goods, therefore, it has a comparative advantage at producing military goods.
