Hi there
First find the predetermined overhead rate
Predetermined oH rate is total estimated overhead divided by estimated direct labor
Predetermined oH rate is
450,000÷180,000
=2.5
the amount of overhead to be allocated to finished goods inventory if there is $20,000 of total direct labor cost in the jobs in the finished goods inventory is
2.5×20,000
=50,000. ...answer
Good luck!
Answer: $583,333
Explanation:
Compensation expense for 2021 = Total compensation / Vesting period
Total compensation:
Assuming the goal given is probable, the total compensation is:
= Number of shares * fair value
= 250,000 * 7
= $1,750,000
Vesting period = number of years goal is to be in effect = 3 years
Compensation expense 2021 = 1,750,000 / 3
= $583,333
Answer:
C
Explanation:
Substitute goods are goods that can be used in place of each other by consumers.
If the price of bicycles declines, there would be a movement down along the demand curve for bicycles.
The decrease in the price of bicycles leads to a shift in the demand curve for skateboards and not a movement along the demand curve for bicycles.
If the price of bicycles decreases, consumers would increase their demand for bicycles and demand less of skateboards. This would lead to a leftward shift of the demand curve for skateboards or a decrease in the demand curve for skateboards
Answer: $35,000
Explanation:
Retained Earnings refers to the Net Income that the business keeps after it pays out a portion of it to Shareholders as dividends.
Closing Balance on Retained Earnings = Opening Balance + Net Income - Dividends
Net income = Revenue - Expenses
= 40,000 - 25,000
= $15,000
Closing Balance on Retained Earnings = 29,000 + 15,000 - 9,000
= $35,000
