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2 years ago

Presented below is pension information for Company Y for 2021.

Business

1 answer:

iren [92.7K]2 years ago

3 0

Answer:

The Amount of pension expense is $195,000

Explanation:

The computation of the amount of pension expenses reported is shown below:

Service cost $150,000

Interest on projected benefit obligation 63,000

Amortization of prior service $54,000

Less: Expected return on plan assets -$72,000

The Amount of pension expense is $195,000

We simply applied the above formula so that the correct value could come

And, the same is to be considered

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Nanjones Company manufactures a line of products distributed nationally through wholesalers. Presented below are planned manufac

Murrr4er [49]

Answer:

Variable manufacturing overhead spending variance= $2,000 favorable

Explanation:

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 2,400,000 / 240,000

Predetermined manufacturing overhead rate= $10 per machine hour

To calculate the variable overhead spending variance, we need to use the following formula:

Variable manufacturing overhead spending variance= (standard rate - actual rate)* actual quantity

Variable manufacturing overhead spending variance= (15 - 214,000/21,600)*21,600

Variable manufacturing overhead spending variance= $2,000 favorable

6 0

3 years ago

Norbert Inc. delivered goods and services during December. Payment is expected during the first week of January. The related adj

Vsevolod [243]

Answer:

The correct word for the blank spaces are: asset; revenue.

Explanation:

By delivering goods expecting payment at a later date, Norbert Inc. is increasing its accounts receivable. This type of profit takes place when goods or services are provided in credit and the payment is set in the future. In the example, according to the Generally Accepted Accounting Principles (GAAP), the accounts receivable must be debited to an asset account and credited to a revenue account.

8 0

2 years ago

Service perishability means that ________.

vichka [17]

Answer:

C because Perishability is used in marketing to describe the way in which service cannot be stored for sale in the future

6 0

3 years ago

Consider the following transactions for Thomas Company and their effect on the accounting equation. Click on each transaction fo

Soloha48 [4]

Answer:

the numbers are missing, so I looked for a similar question:

Investment in the business $17,010
Borrow cash $7,620
Purchase equipment $8,300
Revenues earned $298,600
Expenses incurred $210,900
Dividends $15,000

since there is not enough room here, I used an excel spreadsheet. I assumed all sales were on cash and all expenses were also paid using cash.

Download pdf

8 0

3 years ago

In newspaper advertising, ________ advertising includes copy, illustrations or photos, headlines, coupons, and other visual comp

amm1812

Answer: Display

Explanation: Display advertising is a form of commercial solicitation that is made to sell some commodity, service or similar and is typically designed as an image or a photo. As such, it employs the use of visuals like images, copy, illustrations or photos, headlines, coupons, videos and other visual components on the networks of publishers.

7 0

2 years ago