1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
rosijanka [135]
3 years ago
12

15) Which of the following would usually be found on a job cost sheet under a normal cost system? B) C) D) A) Choice A B) Choice

B C) Choice C D) Choice D Actual direct material cost Yes Yes No No Actual manufacturing overhead cost Yes No Yes No
Business
1 answer:
True [87]3 years ago
7 0

Complete question:

Which of the following would usually be found on a job cost sheet under a normal cost system?

Actual direct material cost      Actual manufacturing overhead

A) YES                                        YES

B) YES                                         NO

C) NO                                          YES

D) NO                                           NO

A) Choice A

B) Choice B

C) Choice C

D) Choice D

Answer:

B) Choice B (YES,  NO)

Explanation:

In a job cost sheet, under a normal cost system, only the actual direct material cost can be found on the job cost sheet. The actual manufacturing overhead cost is usually not found on the job cost sheet under a normal cost system.

Thus we have:

Actual direct material cost-------- YES

Actual manufacturing overhead----------- NO

Correct option is option B (Yes, No)

You might be interested in
Hutter corporation declared a $0.50 per share cash dividend on its common shares. the company has 25,000 shares authorized, 12,0
Sergio [31]
25,000 shares authorized
12,000 shares issued
10,000 shares of common stock outstanding
0.50 per share cash dividend on its common stock outstanding

Declaration of dividends on its common shares.
10,000 * 0.50 = 5,000
                                           Debit        Credit
Retained Earnings                  5,000
             Dividends Payable                   5,000

3 0
3 years ago
Jeremy earned $100,000 in salary and $6,000 in interest income during the year. Jeremy’s employer withheld $11,200 of federal in
iragen [17]

Answer:

Tax Due by Jeremy is $218

Explanation:

Step 1: Calculate Jeremy's total Income

$100,000 (Salary) + $6,000 (Interest Income) + $4,000 (long term capital gain)=  $110,000

Jeremy's exclusion at this point is 0.

Therefore, Jeremy's Gross income = $110,000, This is also Jeremy's Adjusted Gross Income (AGI).

Step 2: Calculate Taxable Income after deductions.

AGI= $110,000

Deductions from AGI= $23,000 (The greater of standard or itemized deduction).

Qualified Business Income Deductions (QBI)= $0 (Jeremy did not declare any personal business).

Taxable Income= AGI-Deductions- QBI Deductions

= $110,000-$23,000-0

= $87,000

Step 3: Calculate Jeremy's Tax Liability as follows:

Capital Gain is included as part of Gross Income, therefore finding the tax liability will necesitate that the capital gain be deducted and only the taxable percentage be added back.

Jeremy's tax liability = (87,000-4,000) + (4,000 x 0.15)

= ($83,000 x 15.4%) + 600

=$12,818 + 600

=$13,418

Jeremy's total tax Liability= $13,418 - $0 (non refundable tax credit) + 0 (other taxes)

Jeremy's total tax liability = $13,418

The total tax payment made by Jeremy

=(2,000 + 11,200)= $13,200

Therefore the tax due by Jeremy is Total Tax Liability - Tax Payment mande

= $13,418 - $13,200

= $218

7 0
3 years ago
Everything else equal, an asset's value is:
Harrizon [31]

Answer:

The correct option is A, an asset's value is inversely related to the rate of return investors require to purchase it

Explanation:

The asset value is the initial purchase price determined by discounting the future cash flows from the asset to present values using a the required rate of return.

Ultimately, the higher the required return, the lower the present value of the investment whose price is being determined and the lower the discount the rate of return used in discounting relevant cash flows to present values the higher the present values.

7 0
3 years ago
Kubin company’s relevant range of production is 20,000 to 23,000 units. when it produces and sells 21,500 units, its average cos
Afina-wow [57]
<span>The cost per unit is derived from the variable costs and fixed costs incurred by a production process, divided by the number of units produced. Hypothetically lets say variable costs for Kubin company's production is $50,000 and their fixed costs are $25,000. $50,000 variable costs + $25,000 fixed costs / 21,500 units = $3.49/unit.</span>
6 0
4 years ago
A Devil Team is a team that does not simply agree on what you say, but rather critique your ideas in order to create something b
Marrrta [24]

Answer:

The statement is: True.

Explanation:

In management, devil teams are those composed of individuals who tend to have a critical way of thinking about ideas or methods of working proposed. Their objective is not to play the role of antagonists but to expose possible weak points on what is being proposed to them to improve it.

7 0
3 years ago
Other questions:
  • Inventory managers at SYX Enterprises utilize an inventory coetrol system where materials are scheduled to arrive just as they a
    14·1 answer
  • The news headline ​" animations cut movie budgets animations cut movie budgets​" deals with the​ ______​ question(s) of economic
    13·1 answer
  • How can u keep a converstaion going with somebody
    6·2 answers
  • A company marketing team identifies a small group of consumers who fit the profile of the typical customer. The team observes, g
    7·1 answer
  • Which combination of factors would result in the lowest monthly mortgage payment?
    15·1 answer
  • JDW Corporation reported the following for 20X1: net sales $2,929,500; cost of goods sold $1,786,995; selling and administrative
    10·1 answer
  • In 2019, Martin had two employers during the year. Both employers withheld Social Security tax from his wages in the amounts of
    12·2 answers
  • Sifa Company is selling for Shs60.00 per share today. In one year, Sifa Company will be selling for Shs58.00 per share, and the
    6·1 answer
  • A school is watching students as they enter the football game for students who are
    7·1 answer
  • _________ are industry-specific factors that separate one strategic group from another.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!