Answer:
$5,160
Explanation:
Predetermined Overhead Rate on Capacity = Total Estimated Manufacturing Overhead / Estimated Capacity for the Year
Predetermined Overhead Rate on Capacity = $34,840 / 29,000 MH
Predetermined Overhead Rate on Capacity = $1.20 MH
Actual use of capacity = 24,700 hours
Unused hours = 29,000 hours - 24,700 hours
Unused hours = 4,300 hour
Cost of unused capacity = 4,300 hours * $1.20 MH
Cost of unused capacity = $5,160
Answer:
$135000
Explanation:
Cole should record the patent at $135000. The intangible asset is recorded at the price at which it was purchased. Net carrying value of $160000 in the books of seller is not useful.
At the time of purchase of intangible asset, the fair value of stone stock exchanged was $45.
So the patent cost is =
3000 shares × $45 per share = $135000.
Cole should record the patent at this value.
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Answer:
the net impact on these items is $5,000 gain
Explanation:
The computation of the net impact on these items is as follows;
Net effect is
= Gain - Loss - suspended loss
= $50,000 - $15,000 - $40,000
= $5,000 gain
hence, the net impact on these items is $5,000 gain
We simply applied the above formula so that the correct value could come
And, the same is to be considered
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