Answer:
Allocated MOH= 10*28,000
Explanation:
<u>First, we need to calculate the predetermined overhead rate:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 2,500,000 / 250,000
Predetermined manufacturing overhead rate= $10 per direct labor hour
<u>Now, we can allocate overhead:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 10*28,000
Allocated MOH= $280,000
Answer:
"Stop-loss order" is the right answer.
Explanation:
According to the question,
Purchase price,
= $50
Current selling price,
= $80
Current gains,
= $30
- Investors begin to give their earnings if somehow the market capitalization begins to fall beneath $80. In advance to minimize this, we need to set a purchase requisition of $80 for stop-loss.
- So whenever the market decreases beyond $80, with us investments are traded, and thereby the existing profits of $30 have been safeguarded.
Thus, the above is the correct explanation.
An IRS 0503 code means the spouse's name and last 4 digits of their social security do not match IRS records. This could happen by mistake or if the person has changed their name without updating records.
The world intellectual property organization requires that
the e-business comply with the laws of the country in which they are based
because of the reason that the e-commerce company should comply with the laws
of its own or home country which is simplified by the WIPO.
Answer:
Retained earnings......................Dr $22,000
Dividend expense $22,000
Explanation:
There are two accounts, temporary and permanent accounts. Temporary accounts such as dividends and revenue need to be closed and charged against permanent accounts at the end of reporting period. This is done to estimate the total earnings of the firm during the period.
Dividends are charged to permanent account, retained earnings. Following is the closing entry:
Particulars Debit Credit
Retained earnings $22,000
Dividend expense $22,000
(Dividends expenses closed
by charging to retained earnings)
