Most CLEP exams correspond to blank college courses

Zachary Electronics currently produces the shipping containers it uses to deliver the electronics products it sells. The monthly

V125BC [204]

Answer:

Zachary Electronics

Zachary should continue to make the containers. It is cheaper to make than to buy from Russo Container Company.

Explanation:

a) Data and Calculations:

Production units = 9,100 containers

Unit-level materials $ 6,400

Unit-level labor 6,400

Unit-level overhead 3,800

Total unit-level costs $16,600

Product-level costs* 8,400

Allocated facility-level costs 28,000

Relevant or avoidable costs:

Unit-level materials $ 6,400

Unit-level labor 6,400

Unit-level overhead 3,800

Total unit-level costs $16,600

Product-level costs* 2,800 ($8,400 * 1/3)

Total relevant costs = $19,400 (to make)

Relevant cost to buy:

Offer from Russo Container company = $2.70 per container

Total cost from outside supplier = $24,500 ($2.70 * 9,100)

3 0

3 years ago

A company that accepts responsibility for a problem and does all that society expects to solve that problem is using:

Mazyrski [523]

A company that accepts responsibility for a problem and does all that society expects to solve that problem is using: an accommodative strategy.

<h3>What is a Reactive Strategy?</h3>

This refers to the type of strategy that a person uses to respond to issues when they happen.

Hence, we can see that a tobacco company taking a reactive stance to the claims that smoking causes cancer would: 4. place a warning label on cigarette packages about the dangers of smoking.

Read more about reactive strategy here:

brainly.com/question/14104555

#SPJ1

4 0

2 years ago

Jose Garcia agrees to contribute land with a fair market value of $10,000 in exchange for 200 shares of Damian Inc.'s common sto

zavuch27 [327]

Answer:

Dr Land account 10,000

Cr Common Stock account 2,000

Cr Capital Paid in Excess of Par Value account 8,000

Whenever a company sells stock it must record the transaction under common stock account at par value (= 200 shares x $10 = $2,000). Any extra money received must be recorded as capital paid in excess of par value (= $10,000 - $2,000). The basis for the land that Jose Garcia contributes must be its fair market value ($10,000).

4 0

4 years ago

In 2021, DFS Medical Supply collected rent revenue for 2022 tenant occupancy. For income tax reporting, the rent is taxed when c

lara31 [8.8K]

Answer:

Deferred Tax Asset:

The amount of taxes that is paid or carried forward but not yet identified in the income statement is referred as deferred tax asset

Journal Entries:

Debit: Income Tax Expense (balancing amount) = 812,500

Debit: Deferred Tax Asset = 87,500

Credit: Income Tax Payable = 900,000

Income tax expense reduces the stockholders. equity. Hence, debit income tax expense with $812,500 .
Deferred tax asset is an asset and is increased by $87,500. Therefore, debit deferred tax asset account with $87,500.
Income tax payable increases the liability by $900,000. Therefore, credit Income tax payable account with $900.000.

Working note:

Determine the amount of deferred tax asset.

Deferred tax asset = Rent collected in 2021 × Enacted tax rate

Deferred tax asset = $350,000 × 25%

Deferred tax asset = $87,500

Determine the amount of income tax expense.

Income tax expense = Income tax payable — Deferred tax asset

Income tax expense = $900,000 = $87,500

Income tax expense = $812,500

5 0

3 years ago

In developing a marketing plan for a catering business, you'll want to include a display ad in the Yellow Pages because

Westkost [7]

The answer is sike dumb NlGGA you thought

6 0

4 years ago