<span>An advantage of using interchangeable parts is that they <em>are easier to work with.</em>
- Marlon Nunez</span>
Answer:
Overhead Cost - S1 = $30201
Explanation:
To assign Overhead costs to S1, we first need to calculate the Overhead Absorption rate for Machining and Order filling.
The Overhead Absorption rate for Machining is calculated by dividing the Machining Overheads by the number of Machine hours to calculate $ Overhead per Machine Hour.
- Total Machining Hours = 11500 + 3600 = 15100
- Machining = $11325 / 15100 Hours = $0.75 / Machine Hour
Now we do the same calculation for Order Filling Overheads and divide them by Number of Orders.
- Total Number of Orders = 270 + 1240 = 1510
- Order Filling = 26274 / 1510 = $17.4 per order
Now we allocate the Overheads to S1 on the basis of Machine Hours and Number of orders relating to S1.
- S1 Overheads = 0.75 × 11500 + 17.4 × 1240 = $30201
The answer to this question is: <span>beauty and stability
the symmetrical design on this building creates a fancy and elegant look from the Taj mahal.
The design somehow conveys that a very important person once live on that site and the building was created to make all citizens feel awed</span>
Answer:
Supplies Used = $2475
Explanation:
<u>Bruce Company</u>
Supplies Purchases $4,300
Supplies on hand $1,825
Supplies Used = $ 4300- $ 1825 = $2475
The amount of Supplies used ( $ 4300- $ 1825 = $2475) will be shown in the income statement as an expense and the amount of unused supplies or Supplies on hand $1,825 will be shown in the Balance sheet as an asset account. The both of which will total the supplies actually purchased.
The relating <u>adjusting entry </u>will be
Supplies Expense $ 2475 Debit
Supplies Account $ 2475 Credit
This means the supplies of the amount $ 2475 have been used and is recorded as an expense in the income statement. It will be deducted from the gross profit. The remaining amount $ 1825 is for future use so recorded as an asset in the Balance Sheet and added to the total assets.
Answer:
Nell's AGI for 2016 is $48,000
Explanation:
The computation is shown below:
= Salary income + interest income - Business bad debt - net loss
where,
Net loss = - Non business short-term capital loss - Non business bad debt + Non business long-term capital gain
= - $3,000 - $6,000 + $4,000
= - $5,000
But the capital loss would be $3,000
So, the adjusted gross income would be
= $50,000 + $3,000 - $2,000 - $3,000
= $48,000
