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kodGreya [7K]
3 years ago
9

The records at Smith and Jones, Inc. show that Job 110 is charged with $10,000 of direct materials and $13,000 of direct labor.

The company allocates manufacturing overhead at 85% of direct labor cost. What is the total cost of Job No. 110
Business
1 answer:
elena-14-01-66 [18.8K]3 years ago
6 0

Answer:

Explanation:

Manufacturing overhead will be calculated as:

= 85% × direct labor cost.

= 85% × $13000

= 0.85 × $13000

= $11050

Direct material = $10,000

Direct labor = $13000

Total cost = Direct material + Direct labor + Manufacturing overhead

= $10000 + $13000 + $11050

= $34050

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Answer:

The correct answer is letter "B": A decrease in a deferred tax asset.

Explanation:

A Deferred Tax Asset is an asset on a balance sheet of a business that can be used to lower taxable income. It is the opposite of deferred tax liability that reflects something that will increase income taxes. Both are listed under current assets on the Balance Sheet.

The deferred tax asset will be generated when recorded income taxes owed are higher than the income taxes paid to the Government.

Thus, <em>a decrease in deferred tax is recorded when a company has collected revenue in advance for a good not delivered or a service not rendered yet.</em>

5 0
3 years ago
If a firm's goal is to maximize its earnings per share, this is the best way to maximize the price of the common stock and thus
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Answer:

False is the answer

6 0
3 years ago
If a payment cap is applied and the required payment does not cover the interest expense, the unpaid interest is added to the lo
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The condition when a payment cap is applied and the required payment does not cover the interest expense, the unpaid interest is added to the loan thereby increasing the loan balance even though the required payment is being made, is known as a negative amortization.

<h3>What is negative amortization?</h3>

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Such condition of a negative amortization arises as the amount being repaid does not fully or partly cover the interest amount.

Hence, the significance of negative amortization is aforementioned.

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6 0
2 years ago
Complete the right half of the following equation to reflect the unemployment rate reported by the BLS.
Nutka1998 [239]

Answer:

c. 66.67%

Explanation:

Unemployment rate = Number unemployed / Labor force = (2/3) x 100% = 66.67%

5 0
3 years ago
In 2016, the Neverland had a population of 8,200 and real GDP of 210,500. Neverland had 5% growth in real GDP per person. In 201
igomit [66]

Answer:

c.226,416

Explanation:

Calculation for what was real GDP in the Neverland in 2019

First step is to calculate real GDP per capital

Real GDP per capital=210,500/8,200

Real GDP per capital=25.6707

Second Step is to calculate Real GDP per person

Real GDP per person=(1+0.05)*25.6707

Real GDP per person=1.05*25.6707

Real GDP per person=26.954235

Last step is to calculate the real GDP in the Neverland in 2019

Using this formula

Real GDP in the Neverland in 2019=Real GDP per person* Population

Let plug in the formula

Real GDP in the Neverland in 2019=26.954235*8,400

Real GDP in the Neverland in 2019=226,416

Therefore the real GDP in the Neverland in 2019 will be 226,416

6 0
3 years ago
Read 2 more answers
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