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4 years ago

Which two advantages do renters have that home buyers don’t have?

Business

2 answers:

bazaltina [42]4 years ago

7 0

<span>C) Renters don’t have to pay for major repairs to the property.</span>

olga55 [171]4 years ago

7 0

Answer:

<h2>B) Renters are not affected by changing property prices, C) Renters can have the property renovated at the landlord's expense.</h2>

Explanation:

Buying a home is lifelong goal for many Americans. Home ownership wasn't always high in US , earlier people either had to build their own homes or rent home from someone else. Both renting and buying have advantages and disadvantages. In renting there is no maintenance costs or repair bills.

A person can get all the facilities and luxuries with just a fraction of money that is needed to buy a home. One can easily shift from one place to other as per their desires. Tenants also do not need to pay real estate taxes, these taxes are burden for home owners. They also don't need to worry about the changing property prices as their rent is fixed. It only increases after fixed period.

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The following information is available for Wonderway, Inc., for 2015: Factory rent $ 28,300 Company advertising 20,200 Wages pai

bearhunter [10]

Answer:

1. $85,000

2. $132,750

3. $119,900

4. $217,750

5. $252,650

6. $96,130

Explanation:

1. The computation of direct labor cost is shown below:

= Wages paid to laborers

= $85,000

2. The computation of manufacturing overhead cost is shown below:

= Factory rent + Indirect production labor + Utilities for factory + Production supervisor's salary + Factory insurance + Depreciation on factory equipment

= $28,300 + $1,950 + $31,200 + $31,600 + $12,700 + $27,000

= $132,750

3. The computation of prime cost is shown below:

= Wages paid to laborers + Direct materials used

= $85,000 + $34,900

= $119,900

4. The computation of conversion cost is shown below:

= Wages paid to laborers + manufacturing overhead cost

= $85,000 + $132,750

= $217,750

5. The computation of total manufacturing cost is shown below:

= Prime cost + manufacturing overhead cost

= $119,900 + $132,750

= $252,650

6. The computation of period expenses is shown below:

= Company advertising + Depreciation for president's vehicle + President's salary + Sales commissions

= $20,200 + $8,100 + $60,200 + $7,630

= $96,130

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4 years ago

Smith has applied overhead of $73,000 and actual overhead of $87,600 for the month of November. It applies overhead based on dir

oee [108]

Answer:

Estimated direct labor hours= 180,000

Explanation:

Giving the following information:

Overhead for the year was estimated to be $900,000.

Smith has applied overhead of $73,000

It applies overhead based on direct labor hours and those equaled 14,600 in November.

We have to reverse engineer the allocation method for manufacturing overhead.

First, we need to calculate the estimated overhead rate:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

73,000= Estimated manufacturing overhead rate*14,600

$5= Estimated manufacturing overhead rate

Estimated manufacturing overhead rate= $5 per direct labor hour

Now, we can determine the estimated direct labor hours:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

5= 900,000/ total amount of allocation base

5*X= 900,000

total amount of allocation base= 180,000

Estimated direct labor hours= 180,000

3 0

3 years ago

Read 2 more answers

Crystalize is a decorative glassware manufacturer. The company's production team takes 8 hours to produce 96 identical glass ite

exis [7]

Answer:

B) 12 items per hour.

Explanation:

Calculation for the labor productivity of Crystalize.

Using this formula

Labor productivity=Numbers of items produce/Hours to produce

Let plug in the formula

Labor productivity=96/8

Labor productivity= 12 items per hour

Therefore labor productivity of Crystalize will be 12 items per hour.

4 0

3 years ago

Preparing a Direct Labor Budget Patrick Inc. makes industrial solvents. Planned production in units for the first 3 months of th

padilas [110]

Answer:

January:

Budget labor cost= $236,520

February:

Budget labor cost= $221,400

March:

Budget labor cost= $271,350

Explanation:

Giving the following information:

Planned production in units for the first 3 months of the coming year is:

January= 43,800

February= 41,000

March= 50,250

Each drum of the industrial solvent takes 0.3 direct labor hours. The average wage is $18 per hour.

Budget labor cost= number of units*0.3 direct labor hours* average wage

January:

Budget labor cost= 43,800*0.3*18= $236,520

February:

Budget labor cost= 41,000*0.3*18= $221,400

March:

Budget labor cost= 50,250*0.3*18= $271,350

5 0

4 years ago

Fanatics Company is preparing monthly cash budgets for the first quarter of the year. Monthly sales revenue in this quarter is e

blagie [28]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Sales:

January= $18,500

February= $16,000

March= $11,000.

All sales are made on open credit with 70% collected in the month of sales and 30% collected in the following month.

Cash collection= sales for the month*0.7 + cash from the month before

February:

From february= 16,000*0.7= $11,200

From January= 18,500*0.3= $5,550

Total= $16,750

March:

From March= 11,000*0.7= $7,700

From February= 16,000*0.3= $4,800

Total= $12,500

4 0

3 years ago