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4 years ago

LO 4.7In a job order cost system, utility expense incurred is debited to which account?

Business

1 answer:

marusya05 [52]4 years ago

8 0

Answer:

manufacturing overhead

Explanation:

To record the utility expense in a job order cost system, the manufacturing overhead account is debited as it has come under the manufacturing overhead cost like indirect material, indirect labor, rent on the factory, insurance of factory, etc

So, only the manufacturing overhead account is debited as the utility expense is incurred

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PLEASE HELP!! APEX

victus00 [196]

Answer:

adjusted gross income tax is an individuals total gross income minus specific deductions.

taxable income is adjusted gross income minus allowance for personal exemptions and itemized deductions.

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3 years ago

When recording variances in a standard cost system: Question 22 options: A. Only unfavorable material variances are debited. B.

Phoenix [80]

Answer: D. All unfavorable variances are debited.

Explanation:

When recording variances in a standard cost system, all unfavorable variances are debited.

The reason for this is that it should be noted that the unfavorable variances simply means that there's excess production costs, and hence this will bring about reduction in the operating income. Hence, all unfavorable variances are debited.

Therefore, the correct option is D.

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3 years ago

Which basic economic question determines how a society will produce goods and services?

Galina-37 [17]

I believe the answer is: <span>What goods and services are produced?
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Before we can determine how we should produce goods or service, we first need to determine the type of goods and services that are needed by the market. After knowing this, then we can see the resources availability in near us to determine the most efficient method to do the production.
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4 0

3 years ago

Read 2 more answers

an amount of 16000 is borrowed for 8 years at 3% interest, compounded annually. if the loan is paid in full at the end of that p

bezimeni [28]

He must pay back 20268.32 of amount after borrowing 16000 for 8 years at the interest rate of 3% for one year.

<h3>How to calculate loan amount ?</h3>

The term "Loan Amount" refers to the sum of money we currently owe you for this mortgage. The loan amount may also include other fees, interest , defaulted payments, interest on defaulted payments, principal, and interest on unpaid principal.

The amount of interest due each period expressed as a percentage of the amount lent, deposited, or borrowed is known as an interest rate. The total interest on a loaned or borrowed sum is determined by the principal amount.

Amount he borrowed = 16000

No. of years = 8 years

Rate of interest = 3%

Calculate full amount (A) :

Equation for A = P(1 + r/n)^(nt)

A = 16000(1 + .03)^8

A = 20268.32

He need to pay 20268.32 after 8 years.

To learn more about Loan amount refer :

brainly.com/question/26011426

#SPJ4

4 0

1 year ago

On May 9, 2017, Calvin acquired 250 shares of stock in Hobbes Corporation, a new startup company, for $68,750. Calvin acquired t

slega [8]

Answer:

Ordinary Loss: $50,000

Short Term Capital Loss : 0

Long Term Capital Loss : $11,750.

Explanation:

The objective of this question is to determine his tax consequences as a result of this sale

From the question given ; the result of the sale which Calvin possess is as follows:

Ordinary Loss: The Ordinary loss is said to be limited to $50,000 for individual. ( According to Section 1244 ; the section give opportunities for losses from sale of shares of small and domestic corporations to be deducted as ordinary losses instead of as capital losses up to a maximum of $50,000 for individual .)

Short Term Capital Loss is said to be zero If it's one year or less.

Long Term Capital Loss is $11,750. How obtained this desired output of $11,750 is as a result of the following:

We know that :

Value of shares Acquired $68,750

Calvin sold all of his Hobbes stock for $7,000 (i.e the selling price rate)

Also , the Ordinary loss = $50,000

Therefore :

Value of shares Acquired = $68,750 - $7,000 - $50,000 = $11,750

5 0

4 years ago