The interest earned by the Sherwood Day Corporation is calculated by subtracting from the net income all the expenses including the interest expense and the tax expense. Mathematically,
interest earned = $200,000 - ($40,000 + $30,000)
= $130,000
Answer:
The inspecting costs should be allocated to the Basic model using ABC costing is $30,600
Explanation:
The computation of the inspecting cost is shown below:
= Total number of basic model inspection + the total number of inspection
where,
Total number of basic model inspection equals to
= Number of units produced ÷ every units produced
= 3,400 units ÷ 100
= $34
And, the total number of inspection equals to
= Total inspection cost ÷ number of inspection
= $84,600 ÷ $94
= 900
The number of inspection includes
= total number of basic model inspection + the total number of luxury model inspection
= $34 + $60 (600 units ÷ 10)
Now put these values to the above formula
So, the value would equal to
= 900 × $34
= $30,600
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Answer:
"Bookkeeper" is the correct response.
Explanation:
- A bookkeeper becomes typically hired by such a small to the medium-sized corporation to manage as well as document the vast amount of transactions including revenues, acquisitions, accounting, payment recovery interest income, payment services, and therefore more.
- Quite frequently, the Chief Accountant who was doing the compilation including its financial information manages his or her duties.
Answer:
$2.20
Explanation:
Given that,
Direct materials = $10
Direct labor = $24
Overhead = $16
Outside supplier has offered to sell the product to Axle = $45
If Wheeler buys from the supplier, it will still incur 45% of its overhead cost.
Buying cost:
= Offered price + (45% of overhead cost)
= $45 + ($16 × 0.45)
= $45 + $7.2
= $52.2
Net incremental cost:
= Buying cost - Production cost
= $52.2 - (Direct materials + Direct labor + Overhead)
= $52.2 - ($10 + $24 + $16)
= $52.2 - $50
= $2.20
