Answer:
a. $75 an hour for a total of $32,250
Explanation:
The computation of the allocation rate and how much cost is to be allocated is shown below:
Fixed cost per hour = $146,200 ÷ 3,400 hours = $43
Variable cost per hour = $32
So, the total cost per hour equal to
= Fixed cost per hour + Variable cost per hour
= $43 + $32
= $75
And, the total cost allocated is
= 430 hours × $75
= $32,250
Answer:
The answers are:
A) Not deductible (birthday gifts are not deductible)
B) Deductible from AGI (donations to church are deductible)
C) Deductible from AGI (medical expenses are deductible)
D) Deductible for AGI (alimony expenses for divorces prior to 2019 are deductible)
E) Deductible for AGI (pension plan contributions are deductible)
F) Deductible for AGI (rental property expenses are deductible)
G) Not deductible (entertainment is not a deductible business expense)
In the given situation above, the journal entry will be that the land will be debited for $15,000; and the common stock account will be credited with $10,000 and the additional paid up capital account will be credited for $5,000. So, the given options do not hold true.
<h3>What is a journal entry?</h3>
A chronological recording of financial or accounting transactions of an organization in the journal books of the corporation, as and when they occur, is known as a journal entry.
Hence, the given conditions regarding the journal entry do not hold true.
Learn more about a journal entry here:
brainly.com/question/20421012
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