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Answer:
A static budget is one that shows estimated revenues and costs at multiple activity levels.
True
Which of the following is not typically found in a decentralized organization?
Asset center
Explanation:
Answer:
$0
Explanation:
The credit rate for retirement savings depend upon several factors. General credit rates are 10%, 20% and 50%.
In case of a couple married and filing jointly the credit rate in case of modified AGI being more than $63,000 = $0.
The limit of $63,000 is revised to $64,000 in year 2019, and further revised to $65,000 in year 2020.
Here, in the given case the contribution credit rate = 0% as the AGI in case of joint filing is more than $65,000 as for year 2020.
Thus, retirement savings contribution credit = $2000
0% = $0.
Answer:
$4.00
Explanation:
Data provided:
Direct material costs in beginning Work-in-Process Inventory = $500
worth of materials is added during the month = $1,500
Equivalent units for direct materials = 500 units
Now,
the total cost incurred
= Direct material costs in beginning Work-in-Process Inventory + worth of materials is added during the month
= $500 + $1,500
= $2,000
Now,
The Cost per equivalent unit for direct materials
=
The Cost per equivalent unit for direct materials =
or
The Cost per equivalent unit for direct materials = $4.00
Answer:
D. $96,000
Explanation:
We will allocate the cost on maintenance by first stablishing a rate per maintenence hour:
As this is direct method we aren''t doing an allocation to other service department we directly allocate against production department A and B
total hours: 480 + 320 = 800
160,000 total cost /800 hours = 200 per hour
Department B hours: 480
allocate to department B: 480 x 200 = 96,000