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muminat
3 years ago
13

Harrison Inc. applies overhead based on machine hours. Harrison reports the following for the year just ended: Budgeted overhead

for the year $500,000 Budgeted machine hours 25,000 Actual overhead for the year $505,000 Actual machine hours 24,000 What is the amount of over- or under-applied overhead for the year
Business
1 answer:
Verdich [7]3 years ago
8 0

Answer:

idfk

Explanation:

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XYZ Company leased equipment to West Corporation under a lease agreement that qualifies as a finance lease to West but not as a
melomori [17]

Answer:

132,000$ will be recorded by west as amortization expense for the year.

Explanation:

Depreciation/amortization is systematic allocation of cost of asset over its useful life. In this case asset cost is not given so we assume that PV of lease payment is equal to market value (660,000 dollars) of asset.

In case of leased asset the useful life taken for calculation of depreciation is lower of 1) Useful life 2) Lease term as per applicable accounting standards.

So we have taken 5 years to charge depreciation on Straight line method.

Hence by dividing 660000 by five we get our answer.

7 0
2 years ago
Mest Company has 9 employees. FICA Social Security taxes are 6.2% of the first $118,500 paid to each employee, and FICA Medicare
bulgar [2K]

Answer:

Following are the solution to this question:

Explanation:

Please find the complete question and its solution in the attached file.  

7 0
3 years ago
Bao has been notified by his electric company that his rates are going up on his graduated fee schedule. He currently pays?
Salsk061 [2.6K]

Bao has been notified by his electric company that his rates are going up on his graduate fee schedule. he currently pays $81.

Baozi (Chinese: 包子), or bao, is a form of yeast-leavened crammed bun in diverse Chinese cuisines. there are numerous variations in fillings (meat or vegetarian) and arrangements, even though the buns are most usually steamed. they're a version of mantou from Northern China. Baozi.

The Bao ('bun') developed in Chinese language subculture as a filled form of 'Mantou,' a plain steamed dumpling that is frequently compared to bread. The story in the back of this steamed pride explains not just its particular form, but purchase why its improvement into Baos (or ) was the sort of herbal one.

Bánh bao (literally "dumplings") is a Vietnamese bun primarily based on the Cantonese da bar added to Vietnam through Cantonese immigrants. it is a ball-formed bun containing red meat or fowl meat, onions, eggs, mushrooms, and greens, in Vietnamese delicacies.

Learn more about bao here:

brainly.com/question/1632995

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5 0
2 years ago
The bedside prayer, said just before funeral arrangements are made, is performed by the buddhist ____.
Greeley [361]

Buddhist priest or bonze


8 0
3 years ago
Which of the following parties to an option contract on a company's shares is obligated to buy shares at the option exercise pri
SashulF [63]

Answer:

Option B (Put seller) is the appropriate alternative.

Explanation:

  • Put seller relates to the practice including its opportunity to then be implemented. That whenever a put application is approved, this same writer typically takes the equality of opportunity at either the strike amount from the lengthy put grabber.
  • Writing possibilities seems to be an opportunity for investors. That being said, the earnings from composing the given opportunity would be constrained to either the premium, although the put buyer could keep going to create revenue or gains until another inventory would be zero.

Some other three situations do not relate to either the type of situation in question. So there is one that is the appropriate one.

4 0
3 years ago
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