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RSB [31]
3 years ago
14

When boot is involved in an exchange having commercial substance:_______

Business
1 answer:
jasenka [17]3 years ago
8 0

Answer: gains or losses are recognized in their entirety.

Explanation:

When boot is involved in an exchange having commercial substance, we should note that boot in this scenario refers to cash.

We should note that when cash is involved in an exchange that has commercial substance, it's either a gain or loss is made.

Therefore, the correct option is B.

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Walman Corp. manufactures products X, Y, and Z from a joint production process. Joint costs are allocated to products on the bas
Maurinko [17]

Answer:

$340,000

Explanation:

The computation of Product X’s sales value at the split-off point is shown below:

= Total sales value - Product Y sales value at the split-off point - Product Z sales value at the split-off point  

= $600,000 - $150,000 - $110,000

= $340,000

Basically for determining the Product X sales value at the split-off point, we deduct the Product Y sales value and the Product Z sales value at the split-off point from the total sales value

8 0
3 years ago
Courington Detailing's cost formula for its materials and supplies is $1,920 per month plus $11 per vehicle. For the month of Au
S_A_V [24]

Answer:

$2,492

Explanation:

Cost = Fixed cost + (Variable cost per unit × q)

Fixed cost $=1,920

Variable cost per unit =$11

q= 52

Hence;

= $1,920 + $11 × 52

=$1,920+$572

=$2,492

Therefore the materials and supplies in the planning budget for August would be closest to:$2,492

3 0
3 years ago
The nation of Ectenia has 20 competitive apple orchards, which sell apples at the world price of $2 per apple. The following equ
Phoenix [80]

The  market's labor demand is L=500−2.5W

Since labor demand as a function of the daily wage is L 50-0.25W.

Hence,

The individual labor demand curve is: L=50−0.25W

Now let determine The market labor demand curve

The market's labor demand is :

L=10(50−0.25W)

L=500−2.5W

Inconclusion The market's labor demand is L=500−2.5W

Learn more about market's labor demand here:

brainly.com/question/13540328

4 0
3 years ago
(CO 9) The Wiscow Manufacturing Company recorded overhead costs of $14,182 at an activity level of 4,200 machine hours and $8,74
ioda

Answer:

2.86 Q + 2,170 = overhead cost

Explanation:

\left[\begin{array}{ccc}High&4,200&14,182\\Low&2,300&8,748\\Diference&1,900&5,434\\\end{array}\right]

We subtract one activity level from another, the result is telling us that 1,900 units generate 5,434 additional cost

That is variable cost we divide and get the unit variable cost

cost 5434 / Unis 1900 =  variable cost 2.86

Next we calcualte the fixed cost on any of both

Total Cost 14182

  Variable -12012 (4,200 x 2.86)

Fixed Cost   2170

Total Cost 8748

Variable    6578 ( 2,300 x 2.86)

Fixed Cost 2170

the cost equation would be:

2.86 Q + 2,170 = overhead cost

5 0
3 years ago
Bag​ Ladies, Inc. manufactures two kinds of bagslong dash—totes and satchels. The company allocates manufacturing overhead using
Oksi-84 [34.3K]

Answer:

The overhead cost allocated to Totes is $11556 and option c is the correct answer

Explanation:

To allocate the overheads between products using a plant wide rate, we need to calculate the plant wide Overhead absorption rate (OAR). The OAR allocates overheads to each product based on the activity level consumed by each product.

OAR = Budgeted Overheads  /  Budgeted Absorption base

As the overhead absorption base is the direct labor cost, we first need to determine the total direct labor cost for both the products.

Direct labor cost = 64 * 350  +  51 * 530  =  $49430

OAR = 25500 / 49430  =  $0.5159 per direct labor cost of $1

Direct labor cost used by Totes = 64 * 350 = $22400

Overheads to be allocated to Totes = 22400 * 0.5159  = $11556.16 rounded off to $11556  

8 0
3 years ago
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