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Nezavi [6.7K]
3 years ago
7

Lisa Co. paid cash for all of the voting common stock of Victoria Corp. Victoria will continue to exist as a separate corporatio

n. Entries for the consolidation of Lisa and Victoria would be recorded in Group of answer choices A worksheet. Lisa's general journal. Victoria's general journal. Victoria's secret consolidation journal. The general journals of both companies.
Business
1 answer:
lutik1710 [3]3 years ago
8 0

Answer: worksheet

Explanation:

The entries for the consolidation of Lisa and Victoria would be recorded in a worksheet.

Consolidation worksheet refers to the tool that is used in the preparation of the consolidated financial statements of both a parent company and the subsidiaries.

The consolidation worksheet is important as it shows the individual book values for the parents company and the subsidiaries.

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Incorrect answer icon Your answer is incorrect. The total estimated manufacturing overhead of $264,000 was comprised of $168,000
AlexFokin [52]

Under activity-based costing (ABC), the amounts of materials handling costs assigned to the following units are:

(a) One mobile safe $210 per unit .

(b) One walk-in safe $168 per unit.

<h3>What is activity-based costing?</h3>

Activity-based costing is the costing method that assigns overhead and indirect costs to products and services based on consumption of activities.

<h3>Data and Calculations:</h3>

Materials handling costs = $168,000

Purchasing activity costs = $96,000

Total estimated manufacturing overhead = $264,000 ($168,000 + $96,000)

The following figures are assumed:

<u>Activities</u>:

Materials handling cost $168,000

Total hours of materials handling = 40,000 hours

Activity rate = $4.20 ($168,000/40,000) per hour

Purchasing activity cost = $96,000

Number of units purchased = 30,000

Activity rate = $3.20 ($96,000/30,000)

<u>Consumption of activities</u>:

                                    Material Handling hours     Number of Units used

Mobile safe per unit              50 hours                      3 units

Walk-in safe per unit            40 hours                       2 units

<u>Overhead assigned</u>:

                                    Material Handling

Mobile safe per unit    50 hours x $4.20 = $210

Walk-in safe per unit   40 hours x $4.20 = $168

Thus, under activity-based costing (ABC), the amounts of materials handling costs assigned to the following units are as indicated above.

Learn more activity-based costing at brainly.com/question/6654166

5 0
2 years ago
Which element of negligence deals with the failure of a person to perform a duty that required them to act in a certain way?
ollegr [7]
<span>A: breach
because a breach is breaking or failing to perform a duty or observing a law.

I hope this helped ya :)</span>
8 0
3 years ago
Read 2 more answers
Who investigates complaints of the Holden Act and takes remedial action as required by law? The Department of Housing and Urban
o-na [289]

Answer:

The Department of Housing and Urban Development

Explanation:

The Holden act or the California Housing Financial Discrimination Act of 1977, <u>states that financial institutions cannot discriminate against people applying for loans or financial assistance,</u> for reasons such as; race, color, ethnicity and religion.

The Holden act is enforced by the Department of Housing and Urban Development.

5 0
3 years ago
Delilah's debit card, issued by Encarta Bank, is stolen and used without Delilah's permission. Delilah tells the bank within thi
igomit [66]

Answer:

C. $500.

Explanation:

The  Electronic Fund Transfer Act (EFTA) establishes that the owner of a stolen debit card is liable up to $500 for any transaction made by the thief if you report the incident after 2 business days but before 60 business days of occurring.

If Delilah reported the theft within 2 business days after the card was stolen, the customer is liable for up to $50, and if you report it before any fraud has occurred then you are not responsible for any amount.

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Who is a person who works and provides services for free, but not a full-time employee
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