What does the i in the fair test of ethical business communication stand for?

Lois, a single taxpayer, contributed $1,200 to her traditional IRA in 2019. If she received a $240 saver’s credit and was not an

-Dominant- [34]

Answer:

$960

Explanation:

Given the information from the question. We need to calculate the contribution can she deduct Since Lois paid $1200 to customary IRA and she received a $240 savers credit. Thus, she will get derivation commitment less savers credit .as a result to get contribution can she deduct is $1200-$240= $960. Therefore, the correct answer is $960.

6 0

4 years ago

he balance sheet for Crutcher Corporation reported 220,000 shares outstanding, 320,000 shares authorized, and 22,000 shares in t

mash [69]

Based on the information given the maximum number of new shares that Crutcher could issue is 78,000 shares.

First step is to calculate Issued share using this formula

Issues shares=Outstanding shares + Treasury stock shares

Let p[lug in the formula

Total authorized shares=220,000+22,000

Total authorized shares=242,000 shares

Second step is to calculate the maximum number of new shares using this formula

Maximum number of new shares =Authorized shares- Issued shares

Let plug in the formula

Maximum number of new shares=320,000-242,000

Maximum number of new shares =78,000 shares

Inconclusion the maximum number of new shares that Crutcher could issue is 78,000 shares.

Learn more here:<em>brainly.com/question/18761121</em>

5 0

3 years ago

Classify Costs Following is a list of various costs incurred in producing replacement automobile parts. With respect to the prod

fenix001 [56]

Answer:

1. Cost of labor for hourly workers - Variable cost

2. Factory cleaning costs - Fixed costs

3. Hourly wages of machine operators - Variable cost

4. Computer Chips purchased - Variable cost

5. Electricity costs - Variable cost

6. Metal - Variable cost

7. Salary of plant manager - Fixed cost

8. Property Taxes - Fixed cost

9. Plastic - Variable cost

10. Oil used in manufacturing equipment - Variable cost

11. Rent on Warehouse - Mixed cost

12. Property insurance - Mixed cost

13. Fixed cost

14. Pension cost - Variable cost

15. Packaging - Variable cost

Explanation:

The classification can be explained as follows. Costs that vary per activity level are examples of variable cost, even materials that are purchased to produce products. Example; the more a hourly employee works the higher his labor cost will be. The more products that are needed to be produced, the more material will be used. This the activity level of the cost driver influences the total cost.

Fixed costs are cost that remain the same despite a change in activity level. Thus the salary manager will be paid the same amount every month and the amount will not change. Other examples of fixed costs are contract costs agreed upon etc.

Mixed costs are cost that have both a variable and fixed component. The property insurance has a variable component ( each dollar value that exceeds 1200000 ) and a fixed component namely the monthly 3600 cost. Thus it is classified as a mixed cost.

6 0

3 years ago

According to the text, minimum-wage laws cause increases in:_________.

Mama L [17]

Answer: b) structural unemployment.

Explanation:

Structural Unemployment results from when the skills required by employers are not the skills that employees have. Also it occurs when there at a certain wage rate, there are more people wanting a job than the employer can afford to or wants to hire.

Imposing a minimum-wage law will increase the labor expense of employers so they will demand less workers. At the same time it will increase the number of people looking for work as they will see the minimum wage as an incentive. This would by definition therefore, lead to higher structural unemployment because there will be more workers than employers demand.

8 0

3 years ago

Madole Corporation has two production departments,Forming and Customizing.The company uses a job-order costing system and comput

Ludmilka [50]

Complete Question:

Madole Corporation has two production departments,Forming and Customizing.The company uses a job-order costing system and computes a predetermined overhead rate in each production department.The Forming Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours.At the beginning of the current year,the company had made the following estimates:

Machining Customizing Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour 20,000 2,000 $90,000 $88,000 18,000 1,000 $ 2.00 $ 4.00 During the current month the company started and finished Job K973. The following data were recorded for this job: Job K973 Machine-hours Direct labor-hours Machining Customizing 70 40 40 60.

a. Calculate the estimated total manufacturing overhead for the Forming Department.

b. Calculate the predetermined overhead rate for the Customizing Department.

c. Calculate the total overhead applied to Job K973 in both departments.

Answer:

Madole Corporation

a. Calculation of the Estimated total manufacturing overhead:

Machining Customizing Total

Total fixed manufacturing overhead cost $90,000 $88,000 $178,000

Variable manufacturing overhead cost 36,000 80,000 116,000

Total overhead cost $126,000 $168,000 $294,000

Estimated total manufacturing overhead cost for the Forming Department = $126,000

b. Calculation of the predetermined overate rate for the Customizing Department = Overhead cost/Direct labor hours

= $168,000/2,000

= $84 per direct labor hour

For Forming department = $126,000/18,000 = $7 per machine hour

c. Total overhead applied to Job K973:

Machining = 70 * $7 = $490

Customizing = 60 * $84 = $5,040

Total overhead applied = $5,530

Explanation:

a) Data and Calculations:

Machining Customizing

Machine-hours 18,000 20,000

Direct labor-hours 1,000 2,000

Total fixed manufacturing overhead cost $90,000 $88,000

Variable manufacturing overhead per machine-hour $2.00

Variable manufacturing overhead per direct labor-hour $ 4.00

Data for Job K973

Machining Customizing

Machine-hours 70 40

Direct labor-hours 40 60

4 0

3 years ago