1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sergey [27]
4 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]4 years ago
4 0
Try adding the first two numbers together then divide
You might be interested in
Which career professionals would typically work in their own private office?
frosja888 [35]

Its actually <em><u>A) Office Managers and Human Resource workers</u></em>

6 0
3 years ago
Read 2 more answers
When a German company decides to build a new hotel in Manhattan and the design calls for the 13th floor to be renamed the 14th f
Andrews [41]

Answer:

It is acknowledging a cultural symbolism about the number 13

Explanation:

A cultural symbol is an object, a behavior or a word that has a particular meaning in a culture. In Germany the number 13 is considered an unlucky number and they prefer not to use it and this is a cultural symbol. So, according to this, the answer is that the firm is  acknowledging a cultural symbolism about the number 13.

4 0
4 years ago
Gut Bombs sandwich shop pays $5,000 a month in rent space and equipment. It pays each of it 10 workers $2,500 a month and spends
posledela

Answer:

Average fixed cost= $1.43

Explanation:

Giving the following information:

Production costs:

Rent= $5,000

Direct labor= $2,500

Direct material= $5,000

Usually, the direct labor cost is variable. In some conditions, it is a fixed cost. <u>We will consider it as a variable cost.</u>

Total fixed cost= 5,000

Average fixed cost= 5,000/3,500

Average fixed cost= $1.43

3 0
3 years ago
If at optimum output of 1,000 units, the firm is incurring average variable cost per unit of $3, average fixed cost per unit of
iVinArrow [24]

Answer:

$2500

Explanation:

Given: Total output(quantity)= 1000 units.

           average variable cost per unit= $3

           Average fixed cost per unit= $1.5

           Selling price per unit is $7

We know, Profit= Total\ revenue - Total\ cost

First, lets find out total cost

Total cost= Total\ fixed\ cost+ Total\ variable\ cost

Remember, cost= average\ cost\times quantity

Fixed\ cost= \textrm{average fixed cost per unit}\times quantity

Fixed\ cost= 1.5\times 1000= \$ 1500

Variable\ cost= \textrm{average variable cost per unit}\times quantity

Variable\ cost= \$ 3\times 1000= \$ 3000

∴ Total cost= 1500+ 3000= \$4500

Now, finding total revenue.

Total\ revenue= selling\ price\times quantity

Total\ revenue= \$ 7\times 1000= \$ 7000.

Profit= Total\ revenue - Total\ cost

∴ Total profit= \$ 7000-\$ 4500= \$2500

Total profit= $2500

8 0
3 years ago
The Valenti Company uses flexible budgeting for cost control. Valenti produced 10,800 units of product during October, incurring
Alex Ar [27]

Answer:

$500 favorable

Explanation:

Given;

Number of units produced  = 10,800 units

Actual indirect material costs = $13,000

Reflected indirect material costs for 144,000 units  = $180,000

Now,

Per unit reflected indirect material costs = $180,000 ÷ 144,000

= $1.25 per unit

Therefore,

Budgeted indirect material cost for actual units produced

= $1.25 × 10,800

= $13,500

since,

the budgeted cost for indirect material cost for actual units produced is more than the actual indirect material cost, therefore

the indirect material costs in October is favorable

amount = Budgeted cost - Actual cost

= $13,500 - $13,000 = $500 favorable

5 0
3 years ago
Other questions:
  • Raul came to the United States from Mexico three months ago, and he is still having trouble understanding Americans' tendency to
    15·1 answer
  • Compared to a market with perfect competition, a monopoly has
    7·2 answers
  • A productivity index of 110% means that a company’s labor costs would have been 10% higher if it had not made production improve
    15·1 answer
  • The structural budget surplus is the size of the budget surplus when A. the unemployment rate is zero. B. there is a spending ba
    15·1 answer
  • A demand-pull system in which each componet in a production line is produced immediately as needed by the next step in the produ
    5·1 answer
  • Pursuant to a complete liquidation, Carrot Corporation distributes to its shareholders real estate held as an investment (basis
    14·1 answer
  • Which of the following is a characteristic protected by anti-discrimination laws?
    10·2 answers
  • use the total revenue test to determine whether the demand for home heating oil is elastic or inelastic and why
    6·1 answer
  • Your goal is to withdraw $25,000 in 10 years. To get the money for this withdrawal, you will make the aforementioned five equal
    15·1 answer
  • At the beginning of the twentieth century, for the most part, the only investments available to individual investors were corpor
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!