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valkas [14]
3 years ago
12

Weisman, Inc. uses activity-based costing as the basis for information to set prices for its six lines of seasonal coats.

Business
1 answer:
Airida [17]3 years ago
6 0

Answer:

Results are below.

Explanation:

<u>To calculate the activities rate, we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Designing= 444,000/13,000= $34.15 per designer hour

Sizing and cutting= 4,210,000 / 169,000= $24.91 per machine hour

Stitching and trimming= 1,490,000 / 75,500= $19.73 per labor hour

Wrapping and packing= 332,000 / 32,000= $10.38 per finished unit

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Miller Corporation issued 6000 shares of its​ $5 par value common stock in payment for attorney services billed at​ $54,000. Mil
Deffense [45]

Answer:Share premium account of $24,000

The provider of attorney services of $30,000

Explanation:

On provision of services, the Attorney services expenses account is debited with $54,000 and the attorney services provider account credited with $54,000

Furthermore a share account is opened for the provider and credited with $30,000 , the share premium is credited $24,000 and a debit transfer is made to his liability account initially credited.

The $24,000 credit to share premium represents the difference between the nominal value of the share of $5 and the market value of $9 multiply by the 30,000 shares he was paid with.

Also a memorandum will be issued to state that 6000 share has been transferred from Miller to the attorney services provider and the shares will be delited from his name and entered in the name of the services provider because the credit of shares to his account does not represents new shares issued but it's the transfer of Miller's shares to him.

4 0
3 years ago
The journal entry to close the Fees Earned, $750, and Rent Revenue, $175, accounts during the year-end closing process would be:
Nataly [62]

Answer:

b. Dec. 31

Income Summary 925

Fees Earned 750

Rent Revenue 175

Explanation:

At the end of each accounting period, the elements of the income statements which are the revenues earned and the expenses incurred are usually closed to the income summary account.

The revenue earned which is normally a credit balance is closed by debiting the account and crediting the income summary. The expenses are closed by crediting the account and debiting the income summary.

Hence if Fees Earned, $750, and Rent Revenue, $175,

Total revenue = $750 + $175

= $925

6 0
3 years ago
A perfectly competitive industry consists of many identical firms, each with a long-run average total cost of LATC = 800 – 10Q
Karolina [17]

Answer:

50

Explanation:

According to the question, The computation of the quantity produce is shown below:

Here we use the differentiation LRAC to zero

\frac{\partial LRATC}{\partial Q}=-10+0.2Q=0\\\\ 0.2Q=10\\\\ Q=50

From above calculation it can be concluded that the each firm would be produced the quantity of long run equilibrium for 50

Hence, the first option is correct

5 0
2 years ago
The plan for how the government will raise and spend money is known as the A. federal treasury. B. spending plan. C. Federal Res
Klio2033 [76]
I believe the answer is d., the federal budget.
4 0
3 years ago
What is the maximum days supply of isotretinoin that may be dispensed per prescription?.
soldi70 [24.7K]

30-days is the maximum days supply of isotretinoin that may be dispensed per prescription.

Prescription is a health practitioner's written course for the medicine that a person wishes and the way it's miles for use, or the medicine itself: The doctor gave me prescriptions for antibiotics and cough syrup.5 days ago.

1- simple prescription: those written for a unmarried component or prefabricated product and no longer requiring compounding or admixture by way of the pharmacist. 2- Compound or complicated prescription: the ones written for greater than a unmarried factor and requiring compounding.

Learn more about prescription here:brainly.com/question/1392739

#SPJ4

6 0
1 year ago
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