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Reptile [31]
2 years ago
13

Phelan Systems Corporation is estimating activity costs associated with producing disk drives, tapes drives, and

Business
1 answer:
Rom4ik [11]2 years ago
5 0

Answer:

below

Explanation:

Panamint Systems Corporation is estimating activity costs associated with producing disk drives, tapes drives, and wire drives. The indirect labor can be traced to four separate activity pools. The budgeted activity cost and activity base data by product are provided below.

Activity Cost Activity Base

Procurement $383,000 Number of purchase orders

Scheduling 211,000 Number of production orders

Materials handling 425,500 Number of moves

Product development 710,900 Number of engineering changes

Production 1,420,000 Machine hours

Number of Purchase Orders Number of Production Orders Number of Moves Number of Engineering Changes Machine Hours Number of Units

Disk drives 4,200 450 1,260 11 2,500 2,100

Tape drives 1,600 125 500 6 8,000 4,200

Wire drives 12,200 800 4,200 20 11,100 2,500

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Solution:

Gross income : 262000  

a) Ordinary and necessary business expenses

amount                                      explanation

108850                          Ordinary expenses associated with Jeremyâs                              

                                         business (42250+47700+18900)

b) Unreimbursed  employment expenses

amount                                      explanation

  -                        Un reimbursed employee business expenses

                                  are deductible from AGI not for AGI

c) Real property taxes and investment  expenses.

amount                                      explanation

   -                                 Taxes and investment expenses

                                      are deductible from AGI not for AGI

d) Rental expenses

amount                                      explanation

8590                       Rental expenses are deductible for

                        AGI even though they aretechnically investment or

                                  production of income expenses.

e) Self-employed  health insurance

amount                                      explanation

4590                       Jeremy may deduct all the costs of his

                                   health insurance because he is not eligible

                                          for health plan

f) Self- employment  taxes

amount                                      explanation

1295                         ½ of self-employment taxes allowed

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amount                                      explanation

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h) Donations

amount                                      explanation

  -                                 Charitable contributions are from

                                              not for AGI deductions

Total for AGI  deductions Amount

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AGI                                          135495

8 0
3 years ago
Can i return something to walmart without a receipt?
nevsk [136]

Answer:

Walmart's return policy

Normally, items purchased in our stores or on Walmart.com may be returned or exchanged within ninety (90) days of purchase with or without a receipt.

Explanation:

☺

7 0
2 years ago
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