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tekilochka [14]
3 years ago
10

Teel Printing uses two measures of activity, press runs and book set-ups, in the cost formulas in its budgets and performance re

ports. The cost formula for wages and salaries is $8,850 per month plus $400 per press run plus $950 per book set-up. The company expected its activity in July to be 204 press runs and 111 book set-ups, but the actual activity was 201 press runs and 110 book set-ups. The actual cost for wages and salaries in July was $193,780. The wages and salaries in the flexible budget for July would be closest to: Multiple ChoiceA. $193,019. B. $195,900. C. $193,780.D. $193,750.
Business
1 answer:
juin [17]3 years ago
7 0

Answer:

D. $193,750

Explanation:

Calculation for the wages and salaries in the flexible budget for July

FLEXIBLE BUDGET FOR JULY

Using this formula

Flexible budget= Wages and salaries Cost formula per month+Actual activity press runs*Wages and salaries per press runs+Actual activity book set-ups*Wages and salaries book set-up

Let plug in the formula

Flexible budget=$8,850+201*400+110*950

Flexible budget=$193,750

Therefore the wages and salaries in the flexible budget for July would be closest to $193,750

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Answer:

d. credit to Salaries Payable for $8,600

Explanation:

<em>The journal entry would be as follows.</em>

Magnum Company

Payroll Journal

Particulars                            Debit                    Credit

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6 0
3 years ago
A 15-year, annual coupon bond is priced at $984.56. The bond has a $1,000 face value and a yield to maturity of 6.5 percent. Wha
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Answer:

6.35%

Explanation:

you can use the yield to maturity formula to determine the coupon:

YTM = {coupon + [(face value - market value) / n]} / [(face value + market value) / 2]

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64.4982 = coupon + 1.029

coupon = 63.47

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3 0
3 years ago
Why does an unsecured loan have a higher interest rate than a secured loan?
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The banker has a set amount he or she can say yes it ok for the loan .
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Answer:

Correct option is (D)

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Expected useful life = 5 years

Annual depreciation expense as per straight line method:

= Purchase price ÷ useful life

= 50,000 ÷ 5

= $10,000

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Carrying value of copyright at then end of first year = 50,000 - 10,000 = $40,000

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5 0
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