Answer:
D) All of the above would be classified as manufacturing overhead.
Explanation:
Manufacturing overhead is the overhead incurred directly in relation to the manufacturing process.
It can be fixed as well as variable, there is no standard conclusion for the above on the basis of nature of overhead.
Machining shop is a part of manufacturing process, and all expense related to that will be classified as manufacturing overhead, whether the expense is in cash like supervisor salary, property taxes of building of machining shop, or non cash expense like depreciation.
Therefore, all the expenses will be included in manufacturing overhead.
Answer:
Total cost= $2,040
Explanation:
Giving the following information:
Total machine-hours 30,000
Total fixed manufacturing overhead cost $ 252,000
Variable manufacturing overhead per machine-hour $ 2.10
Job T687:
Total machine-hours 30
Direct materials $675
Direct labor cost $1,050
First, we need to calculate the estimated overhead rate:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= (252,000/30,000) +2.1= $10.5 per machine-hour
Now, we can calculate the total cost of Job T687:
Total cost= direct material + direct labor + allocated overhead
Total cost= 675 + 1,050 + (10.5*30)= $2,040
Answer:
(1) The more closely monetary policy can be designed to meet the particulars of a given economic environment, the better.
Explanation:
Monetary Policy is the instrument by which the Central Bank conducts the economy. The debate over monetary policy is basically divided into two groups. Monetarists who believe that monetary policy should be used only to maintain price stability - contain inflation. On the other hand, monetary policy activists argue that, in addition to containing inflation, monetary policy is a powerful instrument that can be used to influence the economy in other sectors, for example in stimulating job creation. This would make monetary policy an instrument designed to address particularities of the economic system.
D) Business production is near full capacity and there is little unemployment.
Kiana will report under the head of natural disaster and its compensation amount is also exempt.
- In income tax, there are a total of five heads of income viz
- income from salary
- Income from house property
- Income from profits and gain of business or profession
- Income from capital gains
- Income from other sources
- Each head of income describes different features of income that are taxable.
- Income tax is a tax levied on income or profits received by an individual or entity. Income tax is usually calculated as the product of tax rate and taxable income.
- Tax rates vary depending on the type and characteristics of the taxpayer and the type of income.
Thus, Kiana's loss results from a natural disaster that is exempt under section 10(10BC).
To know more about income tax refer : brainly.com/question/26316390
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