The depreciation expense will be credited for $750 in the consolidating entries while preparing the 20X8 consolidated income statement,
<h3>What is the
depreciation expense?</h3>
This refers to the cost of an asset that has been depreciated for a single period such as in that year.
Depreciation expense = Cost - Salvage value / Useful life
Depreciation expense = $36,000 - $33,000 / (2 years (semi-annual charges)
Depreciation expense = $3,000 / 4
Depreciation expense = $750
Therefore, the depreciation expense will be credited for $750 in the consolidating entries while preparing the 20X8 consolidated income statement,
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Answer:
C.
Explanation:
Because there is more demand with this good, the current price projects how the sellers are reacting to the market. If there is a shortage of goods being supplied to a market then this means that the sellers price is too high because more people (who arent willing to pay for it for so much) are wanting the product.
Answer:
5.5%
Explanation:
Nominal GDP = 3.5%
Economic growth rate = -2.6 %
population growth = 0.6%
To calculate the annual inflation rate :
Economic growth rate = Nominal GDP - %change in price - population growth
-2.6 = 3.5 - %change in price - 0.6
Therefore the %change in price ( inflation rate ):
inflation rate = 3.5 + 2.6 - 0.6
= 3.5 + 2
= 5.5%
The inflation rate of a country measures the relative increase increase in the price of commodities without a relative increase in purchasing power
Answer:
The variable maintenance cost per unit would be $8.33 and the total fixed maintenance cost would be $267
Explanation:
The computation of the fixed cost and the variable cost per hour by using high low method is shown below:
Variable maintenance cost per unit = (High maintenance cost - low maintenance cost) ÷ (High level of activity - low level of activity)
= ($1,100 - $600) ÷ (100 direct hours - 40 direct hours)
= $500 ÷ 60 direct hours
= $8.33
Now the fixed cost equal to
= High maintenance cost - (High level of activity × Variable maintenance cost per unit )
= $1,100 - (100 direct hours × $8.33)
= $1,100 - $833.33
= $267
