Answer:
Predetermined manufacturing overhead rate= $9.8 per machine hour
Explanation:
Giving the following information:
Machine-hours= 50,000
Manufacturing overhead= $490,000
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 490,000/50,000= $9.8 per machine hour
Answer:
1. Dividends are deducted from the Statement of Retained Earnings as dividend expenses.
2. Dividends payable are reported in the Balance Sheet as current liabilities.
Explanation:
Dividends are distributions to the shareholders from earnings (income) after all expenses and taxes have been deducted from the revenue for the period. Dividends payable are unpaid dividends, which are reported as current liabilities until they are paid for in the next accounting period.
Answer:
$112,600
Explanation:
Calculation for What is the amount of Alice's Taxable Income
Wages $120,000
Add Dividend Income $5,000
Adjusted Gross Income $125,000
($120,000+$5,000)
Less Standard Deduction(Single and no dependents) ($12,400)
Taxable Income $112,600
($125,000-$12,400)
Therefore the amount of Alice's Taxable Income will be $112,600
Answer:
A
Explanation:
Cadillac is responding to one of the geographic demographic trends in the United States, which has been migration into the Sun Belt. Building a plant in Louisiana, which is in the Sun Belt, would greatly reduce transportation cost, compared to a plant in Michigan.
