Answer:
The correct answer is $70
Explanation:
Giving the following information:
$40.00 of direct materials
includes 20 parts
requires 5 hours of machine time.
Activity (Allocation Base) - Cost Allocation Rate
Materials handling (Number of parts) - $0.50 per part
Machining (Machine hours) - $14.00 per machine hour
Assembling (Number of parts) - $1.00 per part
Packaging (Number of finished units) - $2.00 per finished unit
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Machining= 14*5hours= $70
Answer:
Option C Policies designed to increase efficiency may decrease equity.
Explanation:
The reason is that the company if the company wants to increase its efficiency then it will have to invest in the operations that will increase its efficiency. This investment will come from raising finance either from the issuance of shares or borrowing money. So this means policies designed to increase efficiency requires investment so the option C is what the explanation is saying.
Answer:
A) The income tax return for 2018 was filed on March 3, 2019. The three-year statute of limitations will begin to run on:
- April 16, 2019 (the next day after the tax deadline)
B) The income tax return for 2018 was filed on August 13, 2019. The statute of limitations will begin to run on:
- August 13, 2019 (the same day the taxes were filed)
C) The income tax return for 2018 was prepared on March 31, 2019, but was never filed. Through some misunderstanding between the preparer and the taxpayer, each expected the other to file the return. The statute of limitations:
- If the taxes were not filed, then the statute of limitations cannot begin to run.
D) The income tax return for 2018 was never filed because the taxpayer thought no additional tax was due. The statute of limitations:
- If the taxes were not filed, then the statute of limitations cannot begin to run.
Answer:
The correct answer is letter "A": do nothing, if the listing item is not on the property as of the date of the contract, it is not included nor necessary to cross it out.
Explanation:
The inclusions section of a buy or sell contract includes several items that might not be part of the property. The fact that those objects are part of the section does not imply they are part of the property in question. That is the reason why the section has the name of "<em>if on the Property whether attached or not on the date of this Contract</em>".
Answer:
$2575
Explanation:
Total variable overhead estimated=(6*31,500)= $189,000
Hence total overhead estimated=Total variable overhead estimated+Total fixed overhead estimated = $189,000 + $220,500 = $409,500
Hence, predetermined overhead rate = $409,500 / 31,500 = $13 per machine hour
Hence, total overhead applied=(13*400) = $520
Hence, total job cost=Direct material+Direct labor+Total overhead = $685 + $1,370 + $520 = $2575
