Answer:
overhead rate = 18 per hours
Explanation:
given data
indirect costs = $396,000
Department DLH Loans Processed Direct Costs
Consumer 14,000 700 $280,000
Commercial 8,000 300 $180000
to find out
overhead rate
solution
we get here overhead rate that is express as
overhead rate = ...............1
put here value
overhead rate =
overhead rate = 18 per hours
Answer:
Depreciation for
2017 = $2,540
2018 = $10,160
Explanation:
Provided, Total cost of the machine = $77,980
Estimated salvage value = $6,860
Therefore, value to be depreciated = $77,980 - $6,860 = $71,120
Total life of asset = 7 years
Depreciation for the year 2017 = October to December = 3 months
Depreciation for the year 2018 = = $10,160
Under straight line method depreciation is fixed for each year, but in the given case in 2017 the asset is used only for 3 months, thus depreciation will be charged for 3 months only.
Final Answer
Depreciation for
2017 = $2,540
2018 = $10,160
Answer:
The answer is $36,000
Explanation:
First we need to determine the rate to be used.
To determine the rate:
100percent/8 years
12.5%
Double rate is 12.5% x 2
=25%. This is the rate to be used.
Cost of the truck is $48,000
First year depreciation is:
25% x $48,000
So first year depreciation is $12,000
Book value of the truck at the end of year 1 is $48,000 - $12,000
=$36,000
Answer:
The answer is: Total goods available
Explanation:
Cost of goods sold (COGS) should include the cost of all the goods sold during the accounting period. The ending inventory is the value of how many goods were left unsold in a company's inventory.
When you add them up, you get the total value of the goods the company had available for sale during the accounting period.