Answer:
$6.7 per direct labor hour
Explanation:
Given:
Direct labor-hours = 20,000
Fixed manufacturing overhead cost = $94,000
variable manufacturing overhead = $2.00 per direct labor-hour
Actual manufacturing overhead cost for the year = $123,900
Actual total direct labor = 21,000 hours
Now,
Total Estimated Manufacturing Overhead
= 94000 + ( 2 × 20000 )
= $134,000
And,
Predetremined Overhead Rate = 
or
Predetremined Overhead Rate = 
or
Predetremined Overhead Rate = $6.7 per direct labor hour
<span>Materials purchased on account during the month amounted to $190,000
</span><span>Materials requisitioned and placed in production totaled $156,000
</span><span>Entry to record the transaction for materials =
Work in process = 156,000
Materials = 156,000
This is the entry record requisitioned by the Production department.</span>
Answer:
$0
Explanation:
IRS's Section 1031 allows real estate investors to exchange real properties and defer any capital gains tax. In this case, Patty doesn't need to report any gain because she is exchanging her apartment house (with 100 rented apartments) for an office building (with 40 rented offices).
In order for a property to classify as a 1031 exchange, it must involve properties that have similar uses. In this operation, both properties have rental units.
b is wrong. I just missed the question again
