Answer:
See the answers below
Explanation:
Depreciation: when a valuable assets loses value over time
the decision she took was to reduce salvage value, increase depreciation expenses and decrease profit tax
. Is Choi’s rule an ethical violation, or is it a legitimate decision in computing depreciation?
Choi's choice of rule is unethical but there are companies in recent tines who employ the same method. It is not keeping with best practices. However, she can employ the recent accounting methods. disclosed if there are changes made.
3. How will Choi’s depreciation rule affect the profit margin of her business?
Her profit margin will increase almost by double
Answer:
$5.5= actual price
Explanation:
Giving the following information:
Managers expected to pay $5 per kilogram.
Each unit produced should take 2 kilograms; actual total usage was 2,100 kilograms.
The company produced 950 units.
The direct materials spending variance is $1,050 (unfavorable).
To calculate the actual price per kilogram, we need to use the direct material spending variance.
Direct material price variance= (standard price - actual price)*actual quantity
-1,050= (5 - actual price)*2,100
-0.5= 5 - actual price
5.5= actual price
Answer:
Exercise 12.7 Cash dividends, stock dividends, and share splits L.O. 4
Answer:
$891,219.51
Explanation:
The computation of the total cost for the estimated 7 comma 700 hours is shown below:
= Total indirect fixed manufacturing labor costs + total variable cost
where,
Total indirect fixed manufacturing labor costs is $140,000
And, the total variable cost is
= Total variable cost ÷ number of total labor hours × estimated labor hours
= $400,000 ÷ 4,100 hours × 7,700 hours
= $751,219.51
So total cost is
= $140,000 + $751,219.51
= $891,219.51
We simply added the fixed and variable manufacturing labor cost
