Answer:
The answer is: No
Explanation:
In order for this clause to be enforceable against Malik or his friend Jecala, they should have been notified about it before they purchased the ticket. Oceanfront is changing the contract terms unilaterally without notifying the other party and that is not legal. A contract (the ticket is a type of contract) is an agreement between two parties, not one party imposing his conditions over the other.
Answer:
Total= $ 321.25
Explanation:
Giving the following information:
Each surfboard consists of 30 separate parts totaling $ 155 direct materials and requires 3 hours of machine time to produce.
Materials handling: Number of parts $ 3.75 per part
Machining: Machine hours $ 2.00 per machine hour
Assembling: Number of parts $ 1.50 per part
Packaging: Number of finished units $ 2.75 per finished unit
Total manufacturing cost:
Direct materials= 155
Materials handling=$ 3.75* 30= $112.5
Machining: $ 2.00*3= 6
Assembling: $ 1.50*30= 45
Packaging: $ 2.75
Total= $ 321.25
Answer and Explanation:
The computation of the depreciation expense using straight line method is shown below:
Formula to be used:
= (Purchase cost - salvage value) ÷ (estimated service life)
For 2021
= ($35,000 - $5,000) ÷ (10 years)
= $3,000
For 4 months, it would be
= $3,000 × 4 months ÷ 12 months
= $1,000
And, for the year 2021, it would be the same i.e. $3,000
Answer:
$37,455
Explanation:
The unit of production method of depreciation charges higher amounts of depreciation seasons of higher output. The depreciation amount is propositional to the level of production.
The formula applicable in the calculation of the unit of depreciation is as follows.
Depreciation = depreciable value / estimated production value x units produced
For this machine: depreciable value = Asset cost - residual value
Depreciable value =$264,970- $14500 = $250, 470
Estimated units to be produced = 759,000 bolts
Units produced in the second year =113,500
Depreciation for the second year
= 250, 470/ 759,000 x 113,500
=0.33 x 113, 500
= $37,455
