Answer: Total Cost = $37,900
Explanation:
Responsibility accounting refers to a system where managers of different departments in a company are responsible and held accountable for the management of the controllable costs in their department.
Here the controllable costs on the manager, Jose Ruiz are Cost of parts, the Mechanics wages and Shop supplies.
Calculating the total costs that would appear on a responsibility accounting for the service department would be :
Particulars Amount
Cost of parts $22,400
Mechanics’ wages $14,300
Shop supplies $1,200
Total Cost $37,900
Answer:
The correct answer is mixed.
Explanation:
In a mixed economy, most economic decisions are resolved through the interaction of sellers and consumers in the market (supply and demand law). However, the State has an essential complementary role.
Therefore, in this mixed system, most decisions are made by private agents of the economy (households and businesses), who decide what, how and where to produce. But at the same time, the actions of the State are also present, covering market failures, such as providing the public with public goods or redistributing wealth through taxes and subsidies to establish a more equitable society.
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Answer:
The correct answer is letter "C": When using the standard mileage, combine the mileage of all vehicles into one entry.
Explanation:
The standard mileage is a rate set by the Internal Revenue Service (IRS) for taxpayers to consider deduction expenses of mileage driven due to business activities. When the taxpayer has more than one business and different vehicles, the sum of the mileage used for business purposes is added in one amount to be considered for deduction.
Based on the various transactions by Handy Howard's Incorporated, the Net Sales and Gross Profit are $294,270 and $133,040 respectively.
<h3>What are the Net Sales?</h3>
This can be found as:
= Sales revenue - Sales returns and allowance
Solving gives:
= 276,700 (revenue) + 21,000 (revenue) - 1,610 (returns) - 1,820 (allowance)
= $294,270
<h3 /><h3>What is the Gross Profit?</h3>
This is found as:
= Net sales - Cost of goods sold
Cost of goods sold:
= 152,590 + 9,450 - 810
= $161,230
Gross profit:
= 294,270 - 161,230
= $133,040
Find out more on Gross profit at brainly.com/question/25628103.
