Answer:
d) $38,000 Debit balance.
Explanation:
Predetermined overhead rate = Estimated Total Overhead Costs / Estimated Direct Labor Costs
= $472000 / $2,360,000
= 0.2
= 20% of direct labor costs.
Applied overheads = (20%*Actual direct labor costs)
Applied overheads = 20% * $1,980,000
Applied overheads = $396,000
So, Overhead under-applied = $434,000 - $396,000 = $38,000 (Debit)
Answer:
17,080 ounces.
Explanation:
Given that,
Budgeted production = 8,500
Raw material required per unit = 2 ounces
Opening inventory = 3,400
Direct material to be purchased:
= (Budgeted production × Raw material required per unit) + Closing inventory - Opening inventory
= (8,500 × 2 ounces) + (20% × 8,700 × 2) - 3,400
= 17,000 + 3,480 - 3,400
= 17,080 ounces.
Answer:
Accrual shows face amount as revenue
revenue = $25,000
(12,000) (7/36)= $2,333 (regognized in 2017)
Total income reported in 2017 = $27,333
The next year she would show the remainder of 12,000 from 26 month contract
For tax purposes, max of 2 year deferral for payment recieved in advance.
Answer:
D. 3.6
Explanation:
The effective gross income multiplier (EGIM) is the ratio between the sale price (SP) and the effective growth income (EGI)
Sales Price (SP) = $950,000
Potential gross income (PI) = $250,000
Vacancy and collection losses (VC)= 15% = 0.15 * $250,000 = $37,500
Miscellaneous income (M) = $50,000.
The effective growth income is given by:
Thus, the effective gross income multiplier is:
A buyer wishes to have the choice to buy a parcel of land in the next few months, this transaction is an example of equitable title to the property.
An option to buy actual property offers the holder an equitable interest within the assets. options to buy real assets provide the holder equitable interest within the assets and the right to essentially force the belongings owner to sell at any time all through the time period of the contract.
While a potential client makes a written buy provide that the vendor accepts, then the: customer gets equitable title to the assets. A bilateral contract is one that: The promise of one birthday celebration is given in alternate for the promise of the alternative birthday party.
An alternative settlement is in which a prospective client enters into an settlement with a landowner for the proper to buy their land/assets, frequently paying the landowner a amount of money as an option fee. the possible consumer then has the choice inside a duration described inside the settlement to shop for the belongings.
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