Answer:
The amount of overhead applied during the year is $2,400,000
Explanation:
In determining overheads amounts to be included in product costing, a company uses Budgeted overheads.
Budgeted overheads are used rather than actual overheads because of the delays that are made to obtain Actual data for Actual overhead amounts which will delay product costing.
Therefore Using machine hours as a base, the amount of overhead applied during the year is $2,400,000
Answer:
1. T=19.5n+91.75, where n<70
2. T=15n+45, where n≥70
Explanation:
1. The first linear function can be expressed as;
Total cost of catering services=(Cost per person×number of people, n)+Service charge
where;
Total cost of catering services=T
Cost per person=$19.50
Number of people=n
Service charge=$91.75
Replacing;
T=(19.5×n)+91.75
T=19.5n+91.75
The first equation: T=19.5n+91.75, where n<70
2. The second linear function can be expressed as;
Total cost of catering services=(Cost per person×number of people, n)+Service charge
where;
Total cost of catering services=T
Cost per person=$15
Number of people=n
Service charge=$45
Replacing;
T=(15×n)+45
T=15n+45
The second equation: T=15n+45, where n≥70
Answer:
$14.50
Explanation:
Given;
Charge for first 2 hours = $5.00 and
$0.75 for each additional half hour or part thereof.
If he parks his car for 8 hours, then the first 2 hours will be charged at a rate of $5.00
Time left to charge is 6 hours. This will be charged at a rate of $0.75
Therefore cost to Sam for parking his car for 8 hours
= (2 × $5) + (6 × $0.75)
= $10 + $4.50
= $14.50
Sam paid $14.50 for parking.
Answer:
$3,000
Explanation:
Per IRS form 8829, allocation of total expense to home office can be arrived by dividing the total usable area of home by the work area to get the percentage of expenses allocable to home office.
So, 250 square feet / 1500 square feet = 16.6666666%
Total expenses incurred;
Rent $12,000
Utilities 4,800
Maintenance 1,200
—————
Total $18,000x16.6666666%=$3,000
or simply, $18,000 x 250/1500 = $3,000 (to be exact in decimal points)
