Answer:
Order processing= $930 per order
Explanation:
<u>First, we need to calculate the estimated costs for order processing:</u>
Order processing cost= (380,000*0.3) + (150,000*0.45) + (170,000*0.3)
Order processing cost=$232,500
<u>Now, we can calculate the activity rate:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Order processing= 232,500 / 250
Order processing= $930 per order
Answer:
The presentation suggest that you should do all of the above.
Explanation:
Answer:
The correct answer is $12,000.
Explanation:
According to the scenario, the given data are as follows:
Shares issues On Jan.1 Year 1 = 4,000 shares
Par value of shares = $50 par
Cumulative preferred stock = 6%
So, we can calculate the dividend arrearage as of January 1, Year 2 by using following formula:
Dividend as of Jan.1, year 2 = Shares issues On Jan.1 Year 1 × Par value of shares × Cumulative preferred stock
= 4,000 × $50 × 6%
= $12,000
Answer:
debit to Payroll Tax Expense for $44990
Explanation:
The journal entry is as follows
Payroll Tax Expense A/c Dr. $44,990
To FICA taxes withheld $25,610
To Federal unemployment taxes $2,680
To State unemployment taxes $16,700
(Being the accrual of employer’s payroll taxes is recorded)
For computing the payroll tax expense we simply added the FICA taxes withheld, federal unemployment taxes, and the state unemployment taxes
