Some sellers of used cars provide warranties to buyers, with the aim of reassuring buyers that the car is of good quality.
Answer:
Answer is option B $68.70
Total overhead costs
Assembling products (918000/54000)*3000.......510,000
Preparing batches (397440/2484)*1026.............164160
Product support (1134000/3780)*1188.............. 356400
Total overhead costs............................................ 1030560
Unit overhead cost = total overhead costs / number of units = 1030560/15000 = 68.70
Explanation:
Commission simply means a form of variable-pay remuneration for services that are rendered or products sold.
<h3>What is commission?</h3>
Your information is incomplete. Therefore, an overview will be given. A commission is a payment that an employee makes based on a sale.
For example, when an employee sells a product for $500 and they get a 10% commission on all sales, then the employee will earn $50 on that sale.
Learn more about commissions on:
brainly.com/question/957886
Answer and Explanation:
The journal entries are shown below:
1. Equipment($45,000 + $2,200 + $700 + $1,000) $48,900
To Accounts payable $47,200 ($45,000 + $2,200)
To Cash $1,700
(Being the equipment is purchased on cash and credit)
Since the equipment is purchased so it would be debited and the other two accounts i.e account payable and the cash is credited
2.Prepaid insurance $900
To Cash $900
(Being the payment is recorded)
Since there is a prepaid insurance and the same is increased in assets so it would be debited and the cash is paid so it would be credited
Answer:
$65,300
Explanation:
Ivanhoe's income tax expense = deferred tax liability 2021 - deferred tax liability 2020 + current tax expense 2020 = $42,800 - $26,800 + $49,300 = $65,300
A deferred tax liability occurs when a corporation's income statement shows a certain amount following US GAAP, but the tax rules used by the IRS determine a different amount.
