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Vedmedyk [2.9K]
3 years ago
6

B&T Company's production costs for May are: direct labor, $16,000; indirect labor, $6,800; direct materials, $15,300; proper

ty taxes on production facility, $830; factory heat, lights and power, $1,030; and insurance on plant and equipment, $230. B&T Company's factory overhead incurred for May is:
Business
1 answer:
schepotkina [342]3 years ago
6 0

Answer:

B&T Company's factory overhead incurred for May is $8,890

Explanation:

Manufacturing overhead is all indirect costs incurred during the production process, includes indirect labor cost.

In B&T Company,

Factory overhead incurred for May = Indirect labor cost + property taxes on production facility cost + factory heat, lights and power cost + insurance on plant and equipment cost = $6,800 + $830 + $1,030 + $230 = $8,890

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On January 1, 2018, Como Company purchased 45% of the outstanding common shares of the Lite Company for $200,000. The net assets
NeX [460]

Answer: a. $28,000 $210,000

Explanation:

First column is income and second is Carrying value.

Carrying value is the fair value at year end = $210,000

Income = Dividend received + fair value adjustment

Fair value adjustment = Fair value - cost of shares

= 210,000 - 200,000

= $10,000

Dividend = 45% * 40,000

= $18,000

Income = 18,000 + 10,000

= $28,000

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3 years ago
Which choices are most likely to help you beat your competition by gaining more customers and selling more frozen yogurt? Check
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1,3,4,6
Invent a new flavor, combination, or topping.
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8 0
3 years ago
Read 2 more answers
When reagan took office, he brought with him a new economic philosophy. with the guidance of his economic advisors, he tried to
Natali [406]

The nation’s <u>deficit rose </u>greatly as<u> inflation</u> and <u>unemployment</u> <u>fell</u> was an economic concern that was related to the achievement described in the passage.

<h3>What were the economic concerns in the passage? </h3>

The passage explains that with the fall in tax revenue of the government and higher spending on<u> employment programs</u>, the federal deficit started to rise.

However, after some years, it could be seen that many businesses gained growth from government spending and created jobs with decreasing inflation rates.

Learn more about economic concerns here:

brainly.com/question/10203871

4 0
2 years ago
Which of the following statements is(are) true:
Rudiy27

Answer:

Neither I nor II are correct

Explanation:

I. The nominal interest rate is also referred to as the APR or the stated rate.

This statement is not true because nominal interest rate is different from the annual percentage rate (APR).

A nominal interest rate is basically the interest rate is charged by banks or other financial institutions on a loan, and other expenses on the loan are not added to the interest when interest rate is being determined.

On the other hand, APR is nominal interest rate plus other expenses incurred in other to get the loan.

Therefore, nominal interest rate is usually lower than the APR. This makes them to be different.

II. You should use the nominal interest rate to compare two alternative investments/loans with different compounding periods.

This statement is not correct.

The interest rate is used to to compare two alternative investments/loans with different compounding periods is the effective interest rate.

The effective interest rate is the actual amount of interest rate that a lender or an investor earned on his loan, investment because of compounding that is done during a specific period of time. The effective annual interest rate is the interest rate that is employed to compare different investment products because, unlike other interest rate, compounded interest are estimated differently by it.

Therefore, Neither I nor II are correct.

I wish you the best.

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