Answer:
$65,000
Explanation:
Calculation to determine how much income does Joe Harry report if Joe's S Corporation, earned Using the specific identification allocation method
Using this formula
Income=Amount earned*Interest rate
Let plug in the formula
Income=$260,000 × 25%
Income= $65,000
Therefore Using the specific identification allocation method how much income does Joe Harry report if Joe's S Corporation, earned will be $65,000
Answer:
Total cost= $4,690
Explanation:
Giving the following information:
Fixed costs= $430
Cost per job= $80
Cost per meal= $14
The company expected its activity in January to be 20 jobs and 190 meals.
<u>The cost that would appear in the planned budget is calculated using the estimated activity</u><u>.</u>
Total cost= 430 + 80*20 + 14*190
Total cost= $4,690
Answer: cash, earned consulting revenue
Explanation:
Lambert account for the cash gotten from clients through cash, earned consulting revenue. After several business has been done there would be an account of how payments where made, from this, records can be taken how cash where being payed through the records of transfers and payment.
Answer:
The price should be increased to achieve a balance between supply and demand.
Explanation:
If visitors have to wait long for lift, this suggests that the demand is not matching the supply. In fact demand seems to be higher than supply which causes long wait for lift. An increase in price will cause the demand to fall and hence the supply will meet the demand and would result in less waiting for lifts.
Answer:
Std rate per hour: 11.00
Std hours = 1000*2 =2000
Actual hours = 1850
Actual rate = 11.80
Labor cost variance = Std cost - Actual cost
Labor cost variance = (2000*11) - (1850*11.80)
Labor cost variance = 170 Unfavorable
Labor rate variance = Actual hrs (Std rate - Actual rate)
Labor rate variance = 1850 *(11-11.80)
Labor rate variance = 1480 Unfavorable
Labor qty variance = Std rate (Std hrs-Actual hrs)
Labor qty variance = 11 (2000-1850)
Labor qty variance = 1650 Favorable.
