Answer:
$500;$810
Explanation:
Based on the information given we were told that he painted his office and replaced the door at a cost of the amount of $500 which means that Travis has the amount of $500 in deductible direct expenses
Calculation for deductible indirect expenses.
First step is to calculate the utilities
Utilities= $3,000 x (240/2,400)
Utilities= $3,000 x 10%
Utilities= $300
Second step is to calculate the property taxes
Property taxes= $1,500 x 10%
Property taxes= $150
Third step is to calculate the mortgage interest
Mortgage interest= $3,600 x 10%
Mortgage interest= $360
Now let calculate the deductible indirect expenses.
Deductible indirect expenses=$300+$150+$360
Deductible indirect expenses=$810
Therefore Travis has $500 in deductible direct expenses and $810 in deductible indirect expenses.
Answer:
The overapplied factory overhead results in more expense. The overapplied factory overhead results in increase in cost of good sold. Over-application means that actual overhead are less than reported expense. At the end of the accounting period the company will pass following accounting entry to adjust over application
Debit FOH account 400
Credit Cost of Good Sold 400
So after this adjustment the net income will increase by 400 dollars.
Answer:
the adjusted cash balance per book is $25,390
Explanation:
The computation of the adjusted cash balance per book is shown below
= Cash balance per books + Notes receivable and interest collected by the bank - Bank charge for check printing - NSF check
= $21,600 + $4,440 - $70 - $580
= $25,390
Hence, the adjusted cash balance per book is $25,390
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
The answer is below
Explanation:
The importance of the study of organizational buyer behavior to the personal selling function is that the personal seller can easily realize the expectation of the organizations.
It also assists in determining what makes organizations buy a certain product.
It gives the seller the proper ideas on the type of products preferred by organization buyers such that they can quickly make them available.
It also ensures the seller understands how the organization buyer operates in terms of payments, quality, quantity, and the purpose in which they are buying.
Answer:
The cost assigned to Job 7 at the end of the week is 5,700 dollars.
Explanation:
In job order costing the cost that is to be assign to a specific order is sum of actual direct material cost and actual labour cost require to perform that job. Factory overheads are also added to the job cost on the basis of allocation method (on basis of budgeted applied OH rate).
So Following costs will be assign to Job 7.
RAW materail = $ 700
Labor Cost = $ 3000
Overhead = $ 2000 (10* 20)
Total Cost = $ 5700
