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Alexxx [7]
3 years ago
9

Felix, a single taxpayer, claimed $180 of state tax as an itemized deduction on his 2018 tax return. The total itemized deductio

ns on his tax return were $12,025. In 2019, he received a $25 refund from the state. What is the amount Felix must to report on his 2019 tax return
Business
1 answer:
soldier1979 [14.2K]3 years ago
4 0

Answer: $0

Explanation:

The question is asking for what Felix must record in his 2019 tax return yet the itemized deductions given were for the year 2018 including the refund he received in 2019 as this was related to 2018 as well.

From those figures therefore, he need not include any of those deductions or refund as income in 2019 as they relate to a previous year.

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The following information was collected on work Center 40: 400 hours scheduled; 30 hours lost due to absenteeism; 20 hours lost
devlian [24]

Answer:

75% is the work center utilization

Explanation:

Mathematically;

Utilization = (Actual Output/Design capacity)*100

From the question;

Actual output = 300

Design capacity = 400

Substituting these values in the equation, we have:

= (300/400)*100

= 0.75*100

= 75%

5 0
3 years ago
In the long run, when marginal cost is above average total cost, the average total cost curve exhibits
serg [7]
The answer is B



Have a good day
6 0
3 years ago
Kinsi Corporation manufactures five different products. All five of these products must pass through a stamping machine in its f
marissa [1.9K]

Answer:

Also please mark brainslet and sorry if wrong. Have a blessed day!:)

Explanation:

All five of these products must pass through a stamping machine ... ... All Five Of These Products Must Pass Through A Stamping Machine In Its Fabrication Department. This Machine Is Kinsi's Constrained Resource. Kinsi Would Make The Most Profit If It Produces The Product That: A)

8 0
3 years ago
Simpson Company applies overhead on the basis of 200% of direct labor cost. Job No. 305 is charged with $180,000 of direct mater
sasho [114]

Answer:

$480,000

Explanation:

The computation of the total manufacturing costs for Job No. 305 is shown below:

= Direct material cost + direct labor cost + manufacturing overhead cost

where,

Direct material cost = $180,000

Direct labor cost is

= $200,000 ÷ 200% × 100%

= $100,000

And, the manufacturing overhead cost is $200,000

So, the total manufacturing overhead is

= $180,000 + $100,000 + $200,000

= $480,000

6 0
3 years ago
Wisteria Co. produces snowboards and uses a standard cost system. Variable overhead is applied using direct labor hours. Standar
Ket [755]

Answer:

Variable overhead rate variance = $2,870 favorable

Explanation:

Variable overhead rate variance is the difference between the standard cost allowed for variable production overhead and the actual variable cost incurred.

This computed as follows:

                                                                                    $

17,130 hours should have cost ( 17,130 ×7.20)      123336

but did cost                                                            <u>120,466</u>

Variable overhead rate variance                           <u>  2870 </u> Favorable

Variable overhead rate variance = $2,870              

6 0
3 years ago
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