According to economists, one of the reasons for an increasing number of

The June 1 work in process inventory consisted of 5,000 units with $16,000 in materials cost and $12,000 in conversion cost. The

sveticcg [70]

Answer:

Total cost added including beginning inventory

Raw material = $136,000

Overheads = $180,960

Total = $316,960

Explanation:

As provided the opening Work in process units = 5,000 units

Units started during the period = 37,500 questions

Closing work in process = 8,000 units

That means units produced = opening + additions - closing

= 5,000 + 37,500 - 8,000 = 34,500 units

Provided cost of beginning inventory = $16,000 for raw material and $12,000 for overheads

Also it is 100% complete for raw material and 50% complete for overheads

That means raw material per unit = $16,000/5,000 = $3.20

And the overheads 100% = $12,000 $\times$ 2 = $24,000

Overhead per unit = $24,000/5,000 = $4.80

Therefore, cost added during the period

Shall be

Raw material = 100% = 5,000 + 37,500 = 42,500 $\times$ $3.20 = $136,000

Overheads = for 34,500 units 100% and remaining 8,000 = 40%

= 34,500 $\times$ $4.80 + 8,000 $\times$ $4.80 $\times$ 40%

= $165,600 + $15,360

= $180,960

Total = $316,960

7 0

3 years ago

An internet consulting company uses its website to allow its corporate clients to obtain information, analyze data, and ask ques

FromTheMoon [43]

<span>this consulting company is using a b2b model.
B2b stands for business to business., it means that all the transactions that is made through this model will be done by a producer/company to another producer/company, usually b2b products took form in some sort of service that make it easier for another company to serve its customers.
</span>

6 0

3 years ago

Rob's wife, Marie, has a wage income of $250,000. They jointly sold stocks in 2019 and generated a long-term capital gain of $13

Kaylis [27]

Answer:

Explanation:

According to IR Many individuals, including owners of businesses operated through sole proprietorships, partnerships, S corporations, trusts and estates may be eligible for a qualified business income deduction, also called the section 199A deduction. Some trusts and estates may also claim the deduction directly.

The deduction allows them to deduct up to 20 percent of their qualified business income (QBI), plus 20 percent of qualified real estate investment trust (REIT) dividends and qualified publicly traded partnership (PTP) income. Income earned by a C corporation or by providing services as an employee isn't eligible for the deduction.

1. QBI component. This component of the deduction equals 20 percent of QBI from a domestic business operated as a sole proprietorship or through a partnership, S corporation, trust or estate. Depending on the taxpayer's taxable income, the QBI Component is subject to limitations including:

a. The type of trade or business,

b. The amount of W-2 wages paid by the qualified trade or business, and

c. The unadjusted basis immediately after acquisition (UBIA) of qualified property held by the trade or business.

These limitations do not apply to taxpayers with taxable income at or below a certain threshold. For 2018, the threshold amount is $315,000 for a married couple filing a joint return, and $157,500 for all other taxpayers.

STEPS ARE:

1. Original QBID = 154K*20% = 30,800

2. Wage/Cap. Investment limitation: a) wage limitation = 58K*50%= 29,000

b) wage/capital limit. = wage(58K*25%) +capital(300K*2.5%) =14,500+7,500=22K

We take the larger of them => 29K

3) Since original QBID is greater than wage limitation, we must use reduction ratio. In this case:

408K (taxable income) - 315K(threshold)/100,000 = 0.93

4) Now we subtract the wage limitation from original QBID (30,800 - 29,000) * 0.93= 1,674.

5) Finally, subtract that from original QBID 30,800-1,674=29,126.

29,126 their final QBID

4 0

3 years ago

Use the graph to answer the question that follows. Graph has quantity along the horizontal axis and price along the vertical axi

Jlenok [28]

The statement that would describe the shift from D1 to D2 is Demand for the product increased.

<h3>Why was there a shift from D1 to D2?</h3>

D2 is a curve that is to the right of D1 which means that it represents a higher level of demand for goods and services.

This means that for the demand to move from D1 to D2, there must have been an increase in the demand for the good or service and this could have been for any number of reasons including a reduction in the price of complimentary goods.

Find out more on determinants of demand at brainly.com/question/1245771

#SPJ1

8 0

1 year ago

Brulee Bakery produces both regular and vegan baked goods. Each quarter, the research and development department develops a reci

erastovalidia [21]

Answer: Product-level

Explanation:

A product level activity is one of the type of activity that are performed for the production of the various types of products and the services and then it calculating the total number of batches of the specific items or products are get sold out in the market.

According to the given question, the Brulee bakery is basically producing the various types of vegan baked and the regular items and under the activity base costing the firm is basically developing the new vegan baked recipe.

Therefore, this type of process is basically refers as the product level activity.

3 0

3 years ago