Answer:
Total cost under absorption costing= $81,400
Explanation:
<u>The absorption costing method includes all costs related to production, both fixed and variable. </u>The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
Direct materials $14,400
Direct labor $25,600
Fixed manufacturing overhead $12,000
Variable manufacturing overhead $29,400
Total cost under absorption costing= $81,400
Answer: Competitive institutional advertisement
Explanation:
The competitive institutional advertisement are basically used for promoting the various types of institutional related advertisement in the market.
This type of advertisement basically used for promoting the various types of institution, corporations and the organization.
The main purpose of the advertisement is to awareness the audience regarding the new products and business in the market and it also helps to encourage and attract the audience.
Therefore, Competitive institutional advertisement is the correct answer.
Answer:
$6,226.52
Explanation:
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
Cash flow year 1 to 7 = 0
Cash flow each year from year 8 to 25 = 1300
I = 9%
PV = $6,226.52
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Answer:
A progressive tax is one which charges more tax for those with higher income.
The amount of tax paid depends on the general income of the person.
Answer:
Explanation:
Journal Entry : The Journal entry shows the recording of the transactions which records debit and credit side of the transaction.
The debit side records all expenses and losses of the company whereas credit side records all income and gains of the company.
Since the office supplies purchased at $8,000 but at the end of the year the $3200 is still on hand. So, the remaining balance is $4,800 is should be recorded at the end of the period.
So, the Journal entry for adjusting office supplies account is :
Office supplies expense A/c Dr $4,800
To Office Supplies $4,800
(Being office supplies account adjusted)
Since the office supplies is purchased which become an expense for a company that's why it is debited with regard to office supplies account.
