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AysviL [449]
3 years ago
11

When recording journal entries for production costs using a standard cost accounting system, the debit to Work in Process Invent

ory account is for the ______ amount.
Business
1 answer:
Nuetrik [128]3 years ago
8 0

Answer: Actual amount

Explanation:

Standard Costing deviates from traditional accounting in that it is not based on historical costs of a good. In standard cost accounting, the actual costs are put in place of standard costs and then the variance between the two will be recorded and used for analysis.

The debit to the Work in Process Inventory account under a standard cost accounting system will be the actual amount.

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A company wants to set up their headquarters in Spain where the corporate tax rates are as follows: 11% of first $40,000 profits
Andrews [41]

Answer:

Total taxable income  = $245,000

Total Tax = $84430

Explanation:

given data

11% of first =  $40,000 profits

22% of next = $26,000

39% of next = $29,000

42% of  over = $95,000

gross revenues = $380,000

total costs = $120,000

allowable tax deductions = $15,000

to find out

taxable income for the first year and how much should the company expect to pay in taxes

solution

we get here first Total taxable income that is

Total taxable income = Total revenue - (Total cost + Tax deductions ) .......................1

put here value we get

Total taxable income = $380,000 - ($120,000 + $15,000 )

Total taxable income  = $380000 - $135000 = $245,000

so total tax will be

Total Tax =  [0.11 × 40000 + 0.22 × 26000 + 0.39 × 29000 + 0.42  × (245000 95000)  ]

Total Tax = 4400 + 5720 +11310 +63000

Total Tax = $84430

4 0
4 years ago
A stock is currently selling for $67 per share. A call option with an exercise price of $70 sells for $3.21 and expires in three
natulia [17]

Answer:

$5.76

Explanation:

Calculation to determine the price of a put option with the same exercise price

We would be Using put-call parity and solving for the put price

$67 + P = $70e^–(.026)(3/12)+ $3.21

$67 + P = $70e^–(.026)(.25)+ $3.21

$67 + P =190.2797^–(0.0065)+ $3.21

$67 + P =$69.5465+ $3.21

$67 + P =$72.7565

P=$72.7565-$67

P=$5.7565

P=$5.76 (Approximately)

Therefore the price of a put option with the same exercise price will be $5.76

7 0
3 years ago
Concerts in arenas are not excludable because it is virtually impossible to prevent someone from seeing the show.
stealth61 [152]
True. Concerts in arenas are not excludable because it is virtually impossible to prevent someone from seeing the show.

As long as the arena is outside, people can sit in their cars or on a chair outside and hear the show without paying for admission to get inside. Because they are unable to prevent everyone from hearing it, it is non-exludable. Likewise, if the concert was held inside, it would be excludable because those who aren't paying can not see/hear the show. 
7 0
3 years ago
Organizations can use common core security principles recommended as industry best practices when developing policies, standards
egoroff_w [7]

Answer:

Timeliness principle.

Explanation:

Industry best practices can be used by various organizations as common core security principles to manage and control most, if not all of their assets and resources. These security principles can be adopted during the process of developing organizational policies, standards, baselines, procedures, and guidelines to effectively and efficiently manage the organization.

Timeliness principle can be defined as a principle which states that all stakeholders involved in the securitization of an organization and assets must act in a timely manner for the constant monitoring of the current and future state of the organization's assets, so as to avoid the integrity of its security being breached or compromised.

Hence, the principle which typically specifies that all personnel, assigned agents, and third-party providers should act in a timely manner to prevent and to respond to security breaches is known as the timeliness principle.

4 0
3 years ago
The cartesian coordinate system is also referred to as a(n) _____________ coordinate system.
Rus_ich [418]
The Cartesian coordinate system is also referred to as a <span><span>rectangular <span>coordinate system</span></span> coordinate system. It i a system used in geometry which uses coordinates in order to determine the position of a geometric element (point for example). According to this system each point is specified by a pair of numerical coordinates. </span>

6 0
3 years ago
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