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mihalych1998 [28]
3 years ago
6

The total amount of depreciation recorded against an asset over the entire time the asset has been owned: Multiple Choice Is sho

wn on the income statement of the final period. Is referred to as an accrued asset. Is only recorded when the asset is disposed of. Is referred to as depreciation expense. Is referred to as accumulated depreciation.
Business
1 answer:
Anettt [7]3 years ago
6 0

Answer:

Is referred to as accumulated depreciation.

Explanation:

Depreciation can be defined as the reduction of cost of a fixed asset systematically until the value of the asset becomes zero.

The Modified Accelerated Cost Recovery System (MACRS) can be defined as a depreciation system that avails business owners or companies the ability and opportunity to recover or recoup the cost basis of physical assets that have experienced deterioration over a specific period of time.

In the United States of America, the Modified Accelerated Cost Recovery System (MACRS) is used mainly for tax purposes because it gives room for faster depreciation of a physical asset in its first years or initial usage and reduces depreciation as it is being used over a long period of time.

Hence, the total amount of depreciation recorded against an asset over the entire time the asset has been owned is referred to as accumulated depreciation.

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Smith Corporation makes and sells a single product called a Pod. Each Pod requires 1.7 direct labor-hours at $9.90 per direct la
Akimi4 [234]

Answer:

$375,308

Explanation:

In this question , we are asked to calculate the budgeted direct labor costs incurred in the month of June.

Firstly, we calculate the ratio of the direct labor cost per pod.

Direct labor cost/Pod = (1.7hours*$9.90/hour)=$16.83

Now, we proceed to calculate the budgeted direct labor cost

The budgeted direct labor cost can be calculated by multiplying the number of pods by direct labor cost/pod

From the question, we identify that the number of pods is 22,300

The budgeted direct labor cost = 16.83 * 22,300 = $375,309

5 0
2 years ago
Roosevelt Corporation has a weighted-average unit contribution margin of $30 for its two products, Standard and Supreme. Expecte
vampirchik [111]

Answer:

Standards sales at break even point are 24000 units

Explanation:

The weightage of each product in sales mix is for each product is,

Total sales = 40000 + 60000 = 100000 units

Standard = 40000 / 100000 = 0.4

Supreme = 60000 / 100000 = 0.6

We first need to calculate the overall break even point in units and divide it in the sales mix.

The overall break even point in units = Fixed costs / Weighted average contribution margin per unit

Overall break even in units = 1800000 / 30   =  60000 units

Standards sales at break even point = 60000 * 0.4 = 24000 units

7 0
3 years ago
A firm produces bicycles using two inputs: bicycle frames (F) and bicycle wheels (W). By definition, one bicycle has 2 wheels an
grin007 [14]

Answer:

C(100) = (75 x 100) + (200 x 100) = $27,500

Explanation:

the initial cost function of producing bikes is:

C(x) = 75F + 100W

the initial cost to produce 1 bike = $75 + $100 = $175

if the cost of wheels increase to $100 each, then the cost function is:

C(x) = 75F + 200W

in this case, there is not much to calculate since every bicycle must have 1 frame and 2 wheels, that means that in order to produce 100 bicycles you will necessarily need 100 frames and 200 wheels. Labor is not considered in this cost function, so any cost minimization strategy is limited to using the minimum amount of parts:

C(100) = (75 x 100) + (200 x 100) = $27,500

7 0
2 years ago
Why or why not hats and hoods should be allowed in school
olasank [31]
Well here’s why it shouldn’t be allowed, it could cause distractions to other people around you or to yourself or people could hide stuff inside of them food etc.

Here’s why it should be allowed. some people feel more comfortable wearing one and I feel like that’s really the only reasonable reason for someone to wear one.
5 0
2 years ago
Superior has provided the following information for its recent year of operation:
Anika [276]

Answer:

Option (a) is correct.

Explanation:

Given that,

Beginning balance of Retained Earnings = $75,000

Net income = $26,000

Ending retained earnings = $91,000

Total Balance during the year:

= Beginning balance of Retained Earnings + Net income

= $75,000 + $26,000

= $101,000

Dividend declared:

= Total Balance during the year - Ending retained earnings

= $101,000 - $91,000

= $10,000

Therefore, the amount of dividend declared by the Superior during its recent year of operation is $10,000.

3 0
3 years ago
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