Bài tập thực hành kế toán tài chính 1

In 2010, U.S. gross domestic product (GDP) was roughly $14.6 trillion. Given that the U.S. population was roughly 308 million pe

Sophie [7]

Answer:

B) $47,403

Explanation:

GDP per capita = total GDP / total population

GDP per capita in 2010 = $14,600,000,000,000 / 308,000,000 people = $47,402.60

This is the GDP per capita in nominal or current dollars, not the real GDP per capita which is calculated using base dollars. The GDP per capita is useful to compare how different economies are performing, but it is not a good indicator of individual wealth within a country.

4 0

3 years ago

Landen Corporation uses a job-order costing system. At the beginning of the year, the company made the following estimates:_____

Lapatulllka [165]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Direct labor-hours required to support estimated production 95,000

Machine-hours required to support estimated production 47,500

Fixed manufacturing overhead cost $ 266,000

Variable manufacturing overhead cost per direct labor-hour $ 2.60

Variable manufacturing overhead cost per machine-hour $ 5.20

Job 550:

Direct materials $ 273

Direct labor cost $ 237

Direct labor-hours 15

Machine-hours 5

1) a. First, we need to calculate the predetermined overhead rate based on direct labor hours:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (266,000/95,000) + 2.6

Predetermined manufacturing overhead rate= $5.4 per direct labor hour

b. Total manufacturing cost= direct material + direct labor + allocated overhead

Total manufacturing cost= 273 + 237 + 5.4*15

Total manufacturing cost= $591

c. Selling price= 591*2= $1,182

2) a.

Predetermined manufacturing overhead rate= (266,000/47,500) + 5.2

Predetermined manufacturing overhead rate= $10.8 per machine hour

b. Total manufacturing cost= direct material + direct labor + allocated overhead

Total manufacturing cost= 273 + 237 + 10.8*5

Total manufacturing cost= $564

c. Selling price= 564*2= $1,128

3 0

3 years ago

Lindsay Corporation had net income for 2018 of $3,000,000. Additional information is as follows: Depreciation of plant assets $1

melamori03 [73]

Answer:

Net cash provided by operating activities for 2018 was $4,560,000

Explanation:

The net cash provided by operating activities can be computed by preparing the operating activities of the statement of cash flow as shown below:

Net income for the year $3,000,000

add depreciation $1,200,000

add amortization $240,000

deduct increase in accounts receivable ($420,000)

add increase in accounts payable $540,000

net cash provided by operations $4,560,000

The cash provided by operating activities is $4,560,000

The rationale for deducting increase in accounts receivable is that the increase deprived Lindsay corporation cash of $420,000.

4 0

4 years ago

In a particular year, the Haynes Independent School District collects $100 million in property taxes.State law requires that pro

Sindrei [870]

Answer:

c.$100 million in a governmental fund

Explanation:

We are recording for the collectiong of the funds thus, we should ignore the latter contribution unti lit is performed.

An agency fund occures when one government agency colllects and holds on behalf of another

In this case, the Haynes Independent School District do not collected those taxes in behalft of a certain governemtn agency. Latter the State will take a portion of this and assign as it see fits thus, it will not be considered agency fund. Hence, the entire amount is governmental fund

4 0

3 years ago

Carrie is a project manager. She is using a spreadsheet to calculate how much the project will cost. She enters the salaries for

mart [117]

Answer: =(B2+1.5)*(B3+1.5)*(B4+1.5)*(B5*1.5)

Explanation: my guess

5 0

3 years ago

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