The amount of these benefits that is taxable for 2021 is $1,680.
<h3>Benefits that is taxable for 2021</h3>
The Benefits that is taxable for 2021 is Personal protective equipment of the amount of $140 per months.
Hence:
Taxable benefit=$140×12 months
Taxable benefit=$1,680
Therefore the amount of these benefits that is taxable for 2021 is $1,680.
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Answer:
The answer is: Duncan's materials costs per unit was $1.50 ($6.10 - $4.60) less than Davis's materials costs per unit.
Explanation:
We must first calculate the materials costs for both companies:
- Duncan's total costs was $457,250 minus conversion costs of $279,000 equals total materials costs of $178,250.
-
Davis's total costs was $721,056 minus conversion costs of $381,408 equals total materials costs of $339,648
.
Now we calculate the materials costs per unit produced:
- Duncan's total materials costs $178,250 divided by 38,750 units equals $4.60 per unit.
- Davis's total materials costs $339,648 divided by 55,680 units equals $6.10 per unit.
So Duncan's materials costs per unit was $1.50 ($6.10 - $4.60) less than Davis's materials costs per unit.
.
Answer:
OD. The price of other products would need to have increased.
Explanation:
Inflation is defined as the decline of the purchasing power of a particular currency over a period of time. Which means that if a product cost $1 last two years and now costs $2 now, and its effect is also felt among other commodities, then inflation is confirmed as it is not limited to a particular product.
Therefore, if ten years ago, a smoothie at Kay's Smoothies cost $1.25 and today it costs $2.00, in order to attribute this price increase of smoothies at Kay's to inflation, the price of other products would need to have increased.
Answer:
unearned service revenue 7,500 DEBIT
service revenue 7,500 CREDIT
Explanation:
the job is complete on July 31th
so <em>we write-off the unearned service reveue</em>
and <em>we recognize the service revenue </em>for the whole amount of the contract
The cash receipt occurs on March 1st so w edon't haveto post anythign related to cash on July 31th.
the unearned revenue account is used first because the business has the obligation of perform the job or return the cash. So it is a liablity until the job is completed
