<u>Solution and Explanation:</u>
The Overhead allocation rates are to be computed for determining the total cost of producing 1 unit of disc.
Total of 100 parts are used in disc . therfore, the total kitting cost per disc is ( 100 parts multiply with 0.05). Volume of cubic feet is used in one of the disc. therfore, the total boxing cost per disc is ( 9 cubic feet multiply with 0.80)
Total kitting cost per disc = $5.0
Total boxing cost per disc = $7.2
The total kitting cost and boxing cost for one desktop computer are computed by multiplying the allocation rate applicable for per unit of kitting and boxing with the total number of units needed.
Assuming the overhead rate applicable for per unit of kitting and boxing is the total cost incurred for one desktop computer.
Answer:
You forgot to add the screen shot!
Explanation:
Hope this helps!
Answer:
Company ABC and Emily, a single filing taxpayer
The maximum amount excludable from Emily's gross income for the dependent care expenses, which Emily can report on her tax return is $3,000.
Explanation:
a) Data and Calculations for Emily:
Dependent care flexible spending arrangement deduction = $4,500
Fair market value of the on-site dependent care used = $700
Form W-2 reported dependent care assistance = $5,200
Maximum amount excludable from Emily's gross income for the dependent care expenses Emily can report on her tax return is $3,000.
b) According to the IRS records, Emily can exclude or deduct dependent care benefits provided by a dependent care benefit plan, an amount not exceeding $3,000 if one qualifying person was cared for or $6,000 if two or more qualifying persons were cared for. Since the number of persons cared for is not disclosed, it is assumed that Emily cared for only one qualifying person. Therefore, $3,000 is the maximum she is allowed to deduct.
Answer:
$238
Explanation:
Brandon cannot actually report his debit card as lost because he still has it, but he could have reported the unauthorized transactions with the debit card within a 60 days period after they were made, and he wouldn't have been responsible for them.
Time limits matter, and since Brandon didn't report this incident on time he is responsible for the $238 spent.