Answer:
JOURNAL
1. Cash a/c... Dr. 350000
To C's Capital a/c 200000
To Premium for Goodwill a/c 150000
(Being capital and premium for goodwill brought in by C)
2. Premium for Goodwill a/c... Dr. 150000
To A's Capital a/c 110000
To B's Capital a/c 40000
(Being premium for goodwill distributed among the partners in the ratio of 11:4)
3. A's Capital a/c.... Dr. 55000
B's Capital a/c.... Dr. 20000
To Cash a/c 75000
(Being half of the premium for goodwill withdrawn by the partners)
Calculation of sacrificing ratio:
A's sacrifice= 3/5- 2/7= 11/35
B's sacrifice= 2/5- 2/7= 4/35
Sacrificing ratio= 11:4
Answer:
$ 27.10
Explanation:
Given
The direct labor budget 5,800
Variable overhead rate is $9.10 per direct labor-hour.
Variable Overhead = 5800* $ 9.1= $52780
Budgeted fixed manufacturing overhead is $104,400
Total Budgeted Overhead = $ 157180
Budgeted Labor Hours 5800
Predetermined Overhead rate = $ 157180/ 5800= $ 27.10
The predetermined overhead rate is calculated by dividing the total budgeted overhead by the budgeted hours.
The total budgeted overhead includes the variable overhead and the budgeted fixed overheads.
Answer:
True.
Explanation:
If investors prefer firms that retain most of their earnings, then a firm that wants to maximize its stock price should set a low payout ratio.
And her in a case of a retired individual who lives on his or her investment income, then it would make sense for this person to prefer stocks with high payouts so he or she could receive cash without going to the trouble and expense of selling stocks. On the other hand, it would make sense for an individual who would just reinvest any dividends received to prefer a low-payout company because that would save him or her taxes and brokerage costs.
Answer:
Follows are the solution to this question:
Explanation:
- The Conversion costs applied on the direct materials into finished products is transformation price.
- The Period costs include costs for research and innovation, marketing, allocation, and also customer service.
- The direct material, extra production overhead, is equivalent to Prime costs.
- In the installation of a car metal, tires, motors, poling, floorboards, and dashboards have been used. Even though manufacturing companies can trace the cost to multiple ones or batches of automobiles for components (such as cargo and importation duties), such expense to cars are considered Direct costs.
- The costs are the costs, that can be tracked instantly to a(n) Cost objects are Direct costs.
- Initially, Product costs are known to income statement Assets.
- A much less accurate cost figure for both the Cost Object is allocated to the Assigned.
- Indirect costs could not be traced directly to Cost objects.
- The prices of the entire supply (Total costs) chain comprise the prices of all resources.