Answer:
![\left[\begin{array}{cccc}Range&80,000&100,000&120,000\\ Materials&400,000&500,000&600,000\\ Labor&480,000&600,000&720,000 \\ Overhead&640,000&800,000&960,000 \\ Variable&1,600,000&2,000,000&2,400,000 \\ Depreciation&200,000&200,000&200,000 \\ Supervision&100,000&100,000&100,000 \\ Fixed&300,000&300,000&300,000\\ Total&1,960,000&2,300,000&2,700,000\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7DRange%2680%2C000%26100%2C000%26120%2C000%5C%5C%20Materials%26400%2C000%26500%2C000%26600%2C000%5C%5C%20Labor%26480%2C000%26600%2C000%26720%2C000%20%5C%5C%20Overhead%26640%2C000%26800%2C000%26960%2C000%20%5C%5C%20Variable%261%2C600%2C000%262%2C000%2C000%262%2C400%2C000%20%5C%5C%20Depreciation%26200%2C000%26200%2C000%26200%2C000%20%5C%5C%20Supervision%26100%2C000%26100%2C000%26100%2C000%20%5C%5C%20Fixed%26300%2C000%26300%2C000%26300%2C000%5C%5C%20Total%261%2C960%2C000%262%2C300%2C000%262%2C700%2C000%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Explanation:
We multiply the variable component for each relevant range.
Then for the fixed cost, we post the total.
Notice it is given for 1,200,000 units
so total depreciation 1,200,000 x 2 = 2,400,000 = 200,000 per month
Supervisor 1,200,000 x 1 = 1,200,000 = 100,000 per month
Answer:
The correct answer is letter "C": Profitable product lines may be dropped.
Explanation:
The decision of making a product in-house or relying on an outsourcing manufacturer is evaluated mainly by comparing the costs that handling a new production line carries. While outsourcing can save a company a great amount of money in <em>labor, equipment, materials, </em>and <em>knowledge</em>, quality control is not managed directly.
However, <em>a new line of components in-house implies incurring in most costs that could conflict the production of existing profitable product lines that could see their numbers reduce gradually until the product drops.</em>
Answer:
The answer is: E) None of his salary can be excluded from gross income because Hank must reside overseas for the entire year
Explanation:
According to the IRS's Foreign Earned Income Exclusion (and Requirements) a US citizen can claim up to $105,900 (in 2019) of his gross income to be excluded from gross income in the US only if that person resided in the foreign country for at least 330 days in the last year.
Answer:
$360,000
Explanation:
Last in first out (LIFO) is a method used in inventory where the cost of most recently purchased goods is the one to be expensed first. Also current losses are the first to be reported.
An inventory loss incurred in a quarter must not be deferred, but recorded as items within an interim must be reported in the same period they were incurred, unless it can be redeemed before the end of the fiscal year. It is not considered a temporary item.
The loss reported in May will be reported for that quarter in June.
Answer:
Current Liabilities:Notes Payable 250,000
Long-term Debt:Notes Payable 950,000
Explanation:
Calculation to Show how the $1,200,000 of short-term debt should be presented on the December 31, 2017, balance sheet.
Hattie McDaniel Company
Partial Balance Sheet
December 31, 2017
CURRENT LIABILITIES
Notes Payable 250,000
($1,200,000-$950,000)
LONG-TERM DEBT
Notes Payable 950,000
Therefore how the $1,200,000 of short-term debt should be presented on the December 31, 2017, balance sheet is:
Current Liabilities:Notes Payable 250,000
Long-term Debt:Notes Payable 950,000
