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Galina-37 [17]
4 years ago
8

The payroll department provides services for several plants in the city of yee haw junction. the payroll department's budget is

$100,000 and it issues 4,000 checks every other week. the lighting plant has 1,000 employees. how much should the lighting plant be charged from the payroll department for its services?
Business
1 answer:
Oksi-84 [34.3K]4 years ago
6 0

Answer:

The amount that the lighting plant be charged from the payroll department for its services is $25,000

Explanation:

Provided data from the question:

Payroll budget = $100,000

number of checks issued per week = 4000

number of employees = 1000

Since, the service department charge rate is calculated as the total service department expense divided by total service department usage, the amount that should be charged from the payroll department for its services;

= $100,000 ÷ 4,000

= $25 × 1,000

= $25,000.

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The direct method of preparing the operating activities section of the statement of cash flows reports major classes of cash rec
Over [174]

Answer:

True

Explanation:

Direct method of preparing operating activities of statement of cash flows seek to present all inflows and outflows from the main activities of the Company e.g. receipts from customers, payment to labors, payment for materials and other direct impacts of cash.

Indirect method of cash flows starts from net profit, adjusting non cash items like depreciation and than working capital changes are incorporated.

7 0
3 years ago
You're trying to decide whether or not to leave a concert early. the opportunity cost of staying is ______________, and the oppo
iren2701 [21]

If the cost of the concert ticket is $50 and I would have spent those three hours working for $10 per hour  the opportunity cost of going to the concert is what I could have purchased for $80 (the $50 plus 3 hours times $10.

As a rule of thumb  arriving 2 hours before the show starts is ideal. If we have reserved seats  showing up 15 minutes before the opening act is sufficient of course we understand if certain situations prevent you from being there bright and early. We'll go over some variables and exceptions to the 2-hour rule.

The concept of opportunity cost states that the cost of one item is the value of the next best option in other words  the cost of one item is the value of the lost opportunity to do or consume something else.

Learn more about  opportunity  here

brainly.com/question/1549591

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5 0
2 years ago
Archie Co. purchased a framing machine for $55,000 on January 1, 2021. The machine is expected to have a four-year life, with a
Flauer [41]

Answer:

c) $15,900 and $17,900 respectively.

Explanation:

First calculate the Sum of all years digits  

Sum of all years digits = 4 + 3 + 2 + 1 = 10

Now calculate the Depreciation rate using following formula

Depreciation rate = Remaining useful life / Sum of years digits

2021

Depreciation Rate = 4 / 10 = 0.40 = 40%

2022

Depreciation Rate = 3 / 10 = 0.30 = 30%

2023

Depreciation Rate = 2 / 10 = 0.20 = 20%

2024

Depreciation Rate = 1 / 10 = 0.10 = 10%

The depreciation schedule is attached. Please find it.

On December 31, 2022 the depreciation expense is $15,900 and Ending Book Value is $17,900

Download pdf
4 0
3 years ago
Sheffield Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. The following information is
MrMuchimi

Answer:

Total cost per unit using absorption costing = $34

Explanation:

Absorption costing is method of costing where overheads are charged to units produced using volume-based bases. e.g machine hours, labour hours e.t.c. Units are valued using full cost per unit  

Full cost per unit= Direct material cost + direct labor cost + Variable production overhead + Fixed production overhead

Fixed production overhead = Budgeted overhead/Budgeted production units

unit cost for 2,000 units  

Fixed production overhead = $3,144,000/524,000= 6

Total cost = 6 + 11+ 17 = 34

Total cost per unit using absorption costing = $34

4 0
3 years ago
When the price of hot dogs is $1.50 each, 500 hot dogs are sold every day. After lowering the price to $1.35 each, 510 hot dogs
AURORKA [14]

Answer: The price elasticity of demand for hot dog is -0.2

Explanation: Price elasticity of demand is the percentage change in quantity of a goods divided by the percentage change in the price of the goods

PED = %∆Q ÷ %∆P

STEP1: CALCULATE THE PERCENTAGE CHANGE IN QUANTITY

[(510 - 500) ÷ 500 ] × 100 = 2%

STEP2: CALCULATE THE PERCENTAGE CHANGE IN PRICE

[($1.35 - $1.50) ÷ $1.50] ×100 = -10%

STEP3: CALCULATE THE PRICE ELASTICITY OF DEMAND

2% ÷ (-10%) = -0.2

The price elasticity is -0.2 which means that the demand is inelastic. Demand is elastic when percentage change in quantity is greater than percentage change in price.

4 0
3 years ago
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