Answer and Explanation:
1. The computation of the predetermined overhead rate is shown below:
= Overhead applied ÷ direct material cost
= $846,000 ÷ $1,800,000
= 47%
2. The direct labor and overhead cost assigned to the job is shown below:
Total cost $89,000
Less: direct material cost $32,000
Less: overhead cost $15,040 ($32,000 × 0.47)
Direct labor cost $41,960
Why so that saying did correct answe right I don’t know the answer I am just answering to see something about my points because they are negative and I am trying something
Answer:
$1,000
Explanation:
As we know that
Cost of material used = Beginning balance of inventory + purchase made during the month - ending balance of inventory
$900 = $200 + purchase made during the month - $300
$900 = -$100 + purchase made during the month
So, the purchase made during the month would be
= $900 + $100
= $1,000
We simply added the purchase to the beginning inventory and deduct the ending inventory
Answer:
D: All of the above
Explanation:
D. All of the above may be considered an appropriate action depending on the type of violation and the sponsoring partner’s corrective actions.
Failure to comply with these standards could result in, but is not limited to, the following:
• Your removal from all VITA/TCE Programs;
• Inclusion in the IRS Volunteer Registry to bar future VITA/TCE activity indefinitely;
• Deactivation of your sponsoring partner’s site VITA/TCE EFIN (electronic filing ID number);
• Removal of all IRS products, supplies, loaned equipment, and taxpayer information from your site;
• Termination of your sponsoring organization’s partnership with the IRS;
• Termination of grant funds from the IRS to your sponsoring partner; and
• Referral of your conduct for potential TIGTA and criminal investigations
Answer:
$414,282.91
Explanation:
The issue price of the bonds is also known as the Present Value (PV) or current price of the Bonds and is calculated as :
FV = $440,000
PMT = ($440,000 x 9%) ÷ 2 = $19,800
P/yr = 2
N = 9 x 2 = 18
I/yr = 10%
PV = ?
Using a Financial calculator to input the values as above, the PV or issue price will be $414,282.91