Answer:
Journal entry to record accrued wages on December 31, 202x
Dr Wages expense 1,260
Cr wages payable 1,260
Journal entry to record wages expense on Friday, January 2
Dr Wages expense 840
Cr wages payable 840
Journal entry to record payment of wages on Monday, January 5
Dr Wages payable 2,100
Cr Cash 2,100
The minimum price that this order could be offered is at cost. Since there are no cost figures in this question, this is the best answer I can give.
You would need to at least sell the item for the amount of money it cost you to make, assemble, and ship the product.
Answer:
The correct answer is option c.
Explanation:
In order to increase the revenue, the firm should increase the price when the demand is inelastic. Inelastic demand means that a change in price will cause a less proportionate change in quantity demanded.
So when the price is increased it will lead to a less proportionate decrease in the quantity demanded. As a result, the total revenue will increase.
Answer:
$80
Explanation:
Magda's miscellaneous itemized deductions include the initiation fee for membership in the teachers' union and the dues to the teachers' union. The voluntary fund contribution is not deductible.
All miscellaneous deductions can be deducted as long as they exceed the 2% of AGI threshold, which in this case = $10,000 x 2% = $200
Total itemized deductions = $100 + $180 = $280 - 2% of AGI ($200) = $80
$6 per machine-hour
Explanation: X = $300,000 / 30,000 mh = $10.
the budgeted indirect-cost driver rate for y based on the number of machine-hours is in excess of x by $10 per machine hour.
Indirect Costs
Any expense that is indirectly connected with two or more final cost objectives or an intermediate cost target rather than directly with a single, ultimate cost objective is referred to as an indirect cost. It is not considered to be a direct cost. Indirect costs are those that must still be assigned to the various cost objectives after direct costs have been identified and charged directly to the contract or other job. If additional costs incurred for the same purpose under comparable conditions have been included as a direct cost of that or any other final cost aim, no indirect costs may be assigned to that objective.
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