Answer:
It gives proper credit to the author, it helps you avoid plagiarism, and it helps to create more ideas in your mind.
 
        
                    
             
        
        
        
Answer:
Overhead absorption rate 
= Overhead absorbed/Actual labour cost x 100
= $4,400/$800  x 100
= 550% of direct labour cost
Explanation:
Since the overhead absorbed is $4,400, there is need to divide the overhead absorbed by actual direct labour cost multiplied by 100. This gives the overhead application rate.
 
        
             
        
        
        
Answer:
The fixed costs per unit when 20,000 units are produced are $6.05 per unit.
Explanation:
Fixed costs per unit can be determined by using the following formula:
Fixed costs per unit = Total fixed costs/ number of units are produced
In a company, Total fixed costs do not depend on the level of activity (Fixed costs do not change).
In the company, Total fixed cost = $11 x 11,000 = $121,000
When 20,000 units are produced, Fixed costs per unit = $121,000/20,000 = $6.05 per unit.
 
        
             
        
        
        
Answer:
Entries are given below
Explanation:
Requirement A. 
On January 1, 2020 Carrow purchased held to maturity investment, $60,000 of the 8% 5year bonds of Harrison, Inc for $65,118
Entry                                                DEBIT   CREDIT
Held-to-maturity securities            $65,118 
cash                                                                $65,118 
Requirement B. 
The receipt of semiannual interest and premium amortization
Entry                                                DEBIT   CREDIT
cash (60,000 x 8% x 6/12)             $2,400  
held to maturity sercurities                            $446 
interest revenue(65,118 x.6% x6/12)             $1,954 
 
        
             
        
        
        
<span>In this case, the transfer could be considered voidable by the trustees. This is because Shirley did not receive the fair value for the car, but simply received a negligible amount as a way of trying to defraud her creditors. In this case, the transfer could be voided.</span>