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sergey [27]
3 years ago
9

Prepare the journal entry to record depreciation expense at the end of year 1, assuming the following: (Do not round intermediat

e calculations)Estimates: Machine Life Residual Value Depreciation Method A 5 years $300 Straight-line B 10,000 hours 1,000 Units-of-production C 6 years 900 Double-declining-balanceTIP: Remember that the formula for double-declining-balance uses cost minus accumulated depreciation (not residual value).Required:Record the depreciation expense for the three used machines at the end of year 1.
Business
1 answer:
vampirchik [111]3 years ago
4 0
Try adding the first two numbers together then divide
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ctivity-Based Costing Casual Cuts Inc. has total estimated factory overhead for the year of $225,000, divided into four activiti
VMariaS [17]

Answer:The activity rate for each activity of Company CC is:

Activity rate for cutting is $60 per dlh.

Activity rate for sewing is $15 per dlh.

Activity rate setup is $80 per setup.

Activity rate for inspection is $65 per inspection.

Explanation: Activity based costing trace overhead cost to each activity and absorbed at a rate for each activity rather than a rate per direct labour hour

Calculate activity rate for cutting

Cutting = cost of cutting/ Number of labour hours

$90,000/1500 = $60 per direct labour hour

Calculate the cost of sewing

Sewing= cost of sewing/ Number of labour hours

$22,500/1500 = $15 per direct labour hour

Calculate the cost of set up

Setup = cost of set up/ number of set ups

$80,000/ 1000 = $80 per set up

Calculate the cost of inspection

Inspection = cost of inspection/ number of inspection

$32,500/ 500 = $65 per inspection

5 0
3 years ago
At what stage of growth is a business profitable, with enough money to reinvest into the company? A. Successful B. Start-up C. M
Trava [24]
D. Stability, is right.
6 0
3 years ago
Read 2 more answers
Karla starts her speech by saying, “Many of you know that I work closely with the AIDS Alliance agency in our city. You may also
Drupady [299]

Answer:

The correct answer is "startling statement"

Explanation:

A startling statement is an exponential declaration, that nobody expected and leaves everyone who hears, surprised.

7 0
3 years ago
Consider the market for orange juice. Suppose two events occurred last week. During the course of this past week, the price of o
True [87]

Answer:

these two events would lead to an increase in equilibrium quantity and have an indeterminate effect on equilibrium price

Explanation:

As a result of the decrease in the price of oranges which is use in the production of orange juice, there would be a rightward shift of the supply curve for orange juice. A a result,  the supply of orange juice would increase and price of orange juice would fall

Substitute goods are goods that can be used in place of another good.

The doubling of the price of coke would lead to a decrease in the demand for coke and an increase in the demand for orange juice. This would shift the dead curve for orange juice to the right. As a result,  both equilibrium price and quantity increases

these two events would lead to an increase in equilibrium quantity and have an indeterminate effect on equilibrium price

8 0
3 years ago
Aragon and Associates has found from past experience that 25% of its services are for cash. The remaining 75% are on credit. An
____ [38]

Answer:

<u>schedule of cash receipts</u>

                                    May         June       July        August   September

                                      $                $           $               $                 $

Credit Fees (75%)    135,000  150,000  142,500    145,500  180,000

Cash Sales (25%)      45,000   40,000    47,500     48,500    60,000

Credit Receipt (10%)  13,500    15,000     14,250      14,550     18,000

Credit Receipt (60%)      0        81,000    90,000     85,500    87,300

Credit Receipt (26%)      0            0          35,100      39,000    37,050

Total Receipts           58,500  136,000  186,850    187,550   202,350

Explanation:

The schedule of cash receipts must include the cash sales and other amounts received for credit sales <u>in the respective months and amounts</u> as outlined by the question.

 

5 0
3 years ago
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