Answer:
net income = $41752
so correct option is A. $41,752
Explanation:
given data
sales price = $481,600
costs price = $379,700
depreciation expense = $32,100
interest paid = $8,400
The tax rate = 32%
to find out
net income did the firm earn for the period
solution
we get here net income that earn for the period is express as
net income = ( sales price - costs price - depreciation expense - interest paid ) × ( 1 - tax rate ) ......................... 1
put here value we get
net income = ( $481,600 - $379,700 - $32,100 - $8,400 ) × ( 1 - 32% )
net income = $41752
so correct option is A. $41,752
Answer:
a. $13
b. $20,625 Unfavorable
Explanation:
a. Computation of overhead volume variance is shown below:-
Variable overhead rate = Variable overhead cost ÷ Expected standard hours
= $275,000 ÷ 25,000
= 11 direct labor hour
Fixed overhead rate = Productive capacity ÷ Expected standard hours
= $50,000 ÷ 25,000
= $2 direct labor hour
Total overheard rate = Variable overhead rate + Fixed overhead rate
= $11 + $2
= $13
b. The computation of overhead controllable variance is shown below:-
Variable overhead cost = Overhead rate × Standard hours
= $11 × 21,875
= $240,625
Fixed overhead cost = Overhead rate × Standard hours
= $2 × 21,875
= $43,750
Total overhead cost = $13 × 21,875
= $284,375
Actual result = $305,000
Variance = Actual result - overhead cost applied
= $305,000 - $284,375
= $20,625 Unfavorable
Working note:-
Standard direct labor hours = Actual units ÷ Standard hours
= 35,000 × 1.6
= $21,875
Standard units per hour = (Standard capacity × Expected production) ÷ Standard hours
= (50,000 units × 80%) ÷ 25,000 hours
= 1.6 units per hour
<span>Using your computer for non-work activities while you are being paid to work is known as </span>cyberloafing
<span>Ans : The doritos' customer-created super bowl commercials are an
examole of : Crowdsourcing
Crowdsourcing is the process of getting work or funding, usually online, from a crowd of people. The word is a combination of the words 'crowd' and 'outsourcing'. The idea is to take work and outsource it to a crowd of workers. Crowdsourcing was coined in 2005 as a portmanteau of crowd and outsourcing.</span>
Answer:
= $210,000
Explanation:
The question is to determine the income realized by Mr. James in 2019
The income is calculated as follows:
First, the basic information for calculation:
The Purchase price for the vacation house = $1,000,000
Spent Capital additions = $10,000
2019 worth of the house = $1,200,000
Secondly, based on the extracted figures, the income is calculated as follows
Income realised in 2019 = 2019 worth of the house - (Purchase Price - capital addition)
= $1,200,000 - ($1,000,000 - $10,000)
= $1,200,000 - $990,000
= $210,000
