Answer:
Job Cost Sheets:
In a job order costing system, the costs of producing each job are accumulated on a separate job cost sheet.
Explanation:
A job cost sheet is used in a job order costing system to record all manufacturing costs related to each job. The costs that are recorded in the job cost sheet include direct material, direct labor, and manufacturing overhead costs. Since these job costs are traceable to their respective jobs, the actual direct material and labor costs are used.
Stock prices are determined by market transactions.
<h3>What are s
tock prices?</h3>
A company's share price is decided by market forces such as supply and demand after its shares begin trading on a stock exchange. The price will rise if there is a significant demand for its shares because of advantageous circumstances.
The most accurate way to determine a security's present value is to look at its current price, which is the most recent selling price of any stock, currency, good, or precious metal that is traded on an exchange.
A company's market capitalisation and, by extension, its market value are impacted by changes in share prices. A company's market value increases with rising share prices and vice versa.
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Answer:
133.33%
Explanation:
The computation of the predetermined overhead rate is shown below:
Predetermined overhead rate = Total overhead cost ÷ direct labor cost
where,
Total overhead cost is $200,000
And, the direct labor cost is $150,000
Now placing these values to the above formula
So, the predetermined overhead rate is
= $200,000 ÷ $150,000
= 1.33%
We simply applied the above formula
Answer:
Deductible interest expense of $1440 and deductible education expense of $4000.
Explanation:
There are certain tax laws which allows a tax payer to deduct his expenses from the taxable amount. The tax payer can deduct interest expense from the taxable amount since it is a tax shield. Lionel can deduct an interest expense of $1440 from the taxable amount and he can deduct $4000 for his education from the taxable amount.
