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Black_prince [1.1K]
3 years ago
11

When a company records depreciation it debits:_____.

Business
1 answer:
Svetlanka [38]3 years ago
4 0

Answer: A. Depreciation Expense and credits a contra-asset account.

Explanation:

Depreciation is an expense which means that when it is incurred, it will be debited because expenses are debited to show that they have increased.

Depreciation reduces the value of an asset so the asset needs to be credited which is what is done when an asset reduces. The full entry would therefore involved a debit to the Depreciation account and a credit to the asset account that is being depreciated.

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Privack Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hours
Alchen [17]

Answer:

1. $8.25

2. $313,500

Explanation:

Given that,

Variable overhead cost per direct labor-hour = $2.00

Total fixed overhead cost per year = $250,000

Budgeted standard direct labor-hours (denominator level of activity) = 40,000

Actual direct labor-hours = 39,000

Standard direct labor-hours allowed for the actual output = 38,000

1. Total overhead cost at denominator level of activity:

= Total fixed overhead + Total variable overhead

= $250,000  + (40,000  × $2.00 )

= $250,000  + $80,000

= $330,000

Predetermined overhead rate:

= Total overhead cost at denominator level of activity ÷ Budgeted standard direct labor-hours

= $330,000 ÷ 40,000

= $8.25

2. Overhead applied:

= Standard direct labor-hours allowed for the actual output × Predetermined overhead rate

= 38,000 × $8.25

= $313,500

3 0
3 years ago
A code that governs our behaviors in any certain situation is known as our code of what?
MAVERICK [17]
Correct me if I am wrong but I believe the answer is A.) enthics.
8 0
3 years ago
Read 2 more answers
feisty children tend to learn to use the toilet with little difficulty, because they are biologically regulated is it true or fa
son4ous [18]
It  is false because most children are scared
7 0
3 years ago
What is letter of credit?​
Naddik [55]

Answer:

a letter issued by a bank to another bank to serve as a guarantee for payments made to a specified person under specified conditions.

Explanation:

5 0
3 years ago
Bud’s Bucket ice cream company produces a chemically enriched ice cream and decides to penetrate the gourmet market by offering
ipn [44]

Answer:

It may turn off it's current customer base and cause them to purchase a competitors ice cream.

Explanation:

Market penetration strategy is the process of selling current products to an already existing market so as to obtain a higher market share by taking the market shares from the other competing companies.

Market penetration strategy uses low prices to generate demand for a product and increase market share. Bud's bucket ice cream decides to penetrate the gourmet market by offering its same ice cream at high prices instead of reducing the price, this might lead to a reduction in their current customer base.

6 0
3 years ago
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