Explanation:
Because trademarks have an unlimited effective life of 4 million dollars, the regulation is not valid.
Goodwill and immaterial properties are not amortized but are checked for damage annually for infinite useful lives.
The copyright worth $6 million for five years is the only inviolable thing you can amortize.
The gross amortization cost in relation to these things in the income statement of Burger Mania for the first year ending December 31 would amount to $800,000.
Answer:
Equivalent units
Materials 10,200
Covnersion Cost 9, 100
Explanation:
![\left[\begin{array}{cccc}&$Physical Units&$Materials&$Conversion\\$Beginning&2,000&0.6&0.4\\$Transferred out&9,000&&\\$Ending&3,000&0.8&0.3\\$Equivalent Units&&10,200&9,100\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7D%26%24Physical%20Units%26%24Materials%26%24Conversion%5C%5C%24Beginning%262%2C000%260.6%260.4%5C%5C%24Transferred%20out%269%2C000%26%26%5C%5C%24Ending%263%2C000%260.8%260.3%5C%5C%24Equivalent%20Units%26%2610%2C200%269%2C100%5C%5C%5Cend%7Barray%7D%5Cright%5D)
The equivalent units will be calcualte as follow:
transferred out
ending x completion
<u> (beginning x completion) </u>
Equivalent units
<u>Materials</u>
9,000 + 3,000 x 80% - 2,000 x 60% = 10,200
<u>Conversion Cost</u>
9,000 + 3,000 x 30% - 2,000 x 40% = 9,100
Answer:
$604,800
Explanation:
Applied manufacturing overhead is the manufacturing overhead that has been applied to production in a period.
it is calculated with the formula "budgeted overhead rate * actual labor hr"
Budgeted manufacturing overhead = $562,800
Budgeted Direct labor hours = 20,100
Budgeted Overhead rate = 562800/20100 =$28/hr
Actual manufacturing overhead = $543,705
Actual direct labor hours = 21600
Amount of manufacturing overhead applied = predetermined overhead rate * actual hr =28*21600
=$604,800
Answer:
fixed costs = $255,000
variable costs = (15,000 / 17,000) x $216,750 = $191,250
Explanation:
A flexible budget is prepared in order to compare how budgeted revenues and costs actually worked out. In other words, if actual revenues and costs were similar to the budget previously prepared. A flexible budget adjusts actual results and helps management control how efficient the company was in following their budget. That is why a flexible budget is done after the budgeted period is over.
Fixed costs should not change (that is why they are fixed), but variable costs should change if the actual output was different than the budgeted output.
