Answer:
1.- rate 3.5 dollars
2.- underapplied for 17,500
adjusting entry:
cost of goods sold 17,500 debit
manufacturing overhead 17,500 credit
Explanation:
We calculate the predermined overhead rate by dividing the expected overhead cost by the cost driver figure.
1,680,000 / 480,000 = 3.5 dollars
Applied overhead
actual labor hours x rate
475,000 x 3.5 = 1,662,500
actual (1,680,000)
underapplied (17,500)
As the actual cost were higher than our actual cost the overhead is underapplied we need to recognize more overhead cost in our inventory.
Answer:
3rd one I'm pretty sure, if not then I'm srry lol
Explanation:
its common sense
So i dont get it are you confused on what the questions mean?
Answer: $0
Explanation: The total amount of an individual's Gross income which is taxed is called the taxable income. An individual's Adjustable Gross Income may include expenses such as charitable contribution, mortgage interest, medical and some other eligible expenditure which are are deducted in other to lessen the taxable income of such individual. Such deductions are called the Itemized deductions.
However, personal expenses DO NOT CONTRIBUTE to an individual's Itemized deduction and as such, MIKE HANSEN'S ITEMIZED DEDUCTION IS ZERO.
The $6000 incurred is classed under personal expenditure and is not deductible.
Explanation:
Fixed cost is the cost that is constant for each unit of the item produced and does not depend upon the quantity of production. Fixed cost may include rent payment, insurance, interest payment.
whereas variable cost are cost that vary with quantity of output produced. It may include, labor cost, commissions, raw material, etc.
For Internet grocery shopping fixed cost can be cost of storing the grocery, insurance of inventory, electricity payment, cost of delivery to the customer, etc. whereas variable cost may be discount offered on quantity of purchase, Sale offers to attract customers, etc.