Answer:
Option B is correct
Explanation:
Selection criteria for scoring models may not be negotiated between a client and a contractor.
Answer:
Estimated manufacturing overhead rate= $42 per direct labor hour.
Explanation:
Giving the following information:
Calculate the predetermined overhead rate for 2020, assuming Lott Company estimates total manufacturing overhead costs of $ 882,000, direct labor costs of $735,000, and direct labor hours of 21,000 for the year.
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 882,000/21,000= $42 per direct labor hour.
Answer:
a. Wesley's gain = $139,520, but due to section 121 exclusion, he doesn't need to recognize any gain at all.
b. Basis for the new residence is equal to its price = $325,000
c. if the sales price was $800,000, then the gain would = $576,520
section 121 exclusion = $250,000
recognized gain = $326,520
adjusted basis = $325,000
Patricia is not bound to perform because the agency relationship was not disclosed. Due to the details not being disclosed about Patricia's identity, shes not bound to perform her full duties. When working on a business deal it is necessary to provide any and all details about who you are to the other person in the transaction.
