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faust18 [17]
3 years ago
14

The manufacturing overhead budget at Polich Corporation is based on budgeted direct labor-hours. The direct labor budget indicat

es that 7,000 direct labor-hours will be required in February. The variable overhead rate is $8.80 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $102,900 per month, which includes depreciation of $18,050. All other fixed manufacturing overhead costs represent current cash flows. The February cash disbursements for manufacturing overhead on the manufacturing overhead budget should be:

Business
1 answer:
Ahat [919]3 years ago
6 0

Answer:

Check the explanation

Explanation:

The February cash disbursements for manufacturing overhead on the manufacturing overhead budget <em><u>(which are records or executable plans that contains all the costs, other than labor cost and that of raw materials, which is expected to be incurred by a manufacturing firm or department during the period of a financial year.) </u></em>can be seen in the attached image below:

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Harrison Forklift's pension expense includes a service cost of $26 million. Harrison began the year with a pension liability of
Svetlanka [38]

Answer:

1. ($ in millions)

Dr Pension expense $19

Dr Plan assets (expected return on assets) $20

Cr PBO$33

Cr Net loss—AOCI(current amortization) $6

2. ($ in millions)

Dr Pension expense $26

Dr Plan assets (expected return on assets) $16

Dr Net gain—AOCI(current amortization) $6

Cr PBO $48

3. ($ in millions)

Dr Pension expense $45

Dr Plan assets (expected return on assets) $16

Cr PBO $48

Cr Net loss—AOCI(current amortization) $6

Cr Prior service cost (current Amortization) $7

Explanation:

Preparation of the appropriate general journal entries to record Harrison's pension expense

1. ($ in millions)

Dr Pension expense $19

($33+$6-$20)

Dr Plan assets (expected return on assets) $20

Cr PBO($26 service cost + $7 interest cost) $33

Cr Net loss—AOCI(current amortization) $6

2. ($ in millions)

Dr Pension expense $26

($48-$16-$6)

Dr Plan assets (expected return on assets) $16

Dr Net gain—AOCI(current amortization) $6

Cr PBO($26 service cost + $22 interest cost) $48

3. ($ in millions)

Dr Pension expense $45

($48+$6+$7-$16)

Dr Plan assets (expected return on assets) $16

Cr PBO($26 service cost + $22 interest cost) $48

Cr Net loss—AOCI(current amortization) $6

Cr Prior service cost (current Amortization) $7

5 0
3 years ago
MARKING BRAINLIEST
Grace [21]
B and E is the answer
7 0
3 years ago
Walter receives cash of $18,000 and land with a fair market value of $75,000 (adjusted basis of $50,000) in a current distributi
enot [183]

Answer:

Walter's recognized gain is $2,000

Explanation:

Walter's gain/loss = cash distribution - basis in the partnership = $18,000 - $16,000 = $2,000

A partner (Walter) does not have to recognize income on a non-liquidating partnership distribution of property other than money. This land distribution must be treated as a sale and recorded at fair market value.

4 0
4 years ago
In a debate on the state of the economy Senator A pointed out that the price of clothing, fruits, and computers had decreased sl
Wittaler [7]

Answer:

The correct answer is letter "C": senator B.

Explanation:

Aggregate data is information obtained out of different variables that are compiled into a single study to give an idea of what the change was in the matter involving those variables throughout a period. Aggregate data aims to portrait information of interest to the general public which is usually expressed in numeric values or rates.

Thus, <em>by talking about the inflation rate change, Senator B is using aggregate data.</em>

6 0
3 years ago
Joseph will start school on 9/1/14. He is expected to attend school for four years and will need to pay tuition of $50,000 on Se
My name is Ann [436]

Answer:

e. $153,156

Explanation:

From 9/1/14, he needs $50,000 every year for 4 years to fund the tuition fees. Therefore, present value of the amount needed at 9/1/14 using the Present value of annuity due formula

= 50,000 * {1+ (1/(1.05)^4) } / 0.05 * (1.05)

= $186,162

$186,162 is the amount needed after 4 years. Amount you need to invest today to have this amount in four years = $186,162/(1.05)^4 = $186,162/1.21550625 = $153,156.40

6 0
3 years ago
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