Answer:
$11,000 under applied
Explanation:
To compute the under or over applied overhead, we need to find out the predetermined overhead rate
Predetermined overhead rate = Total estimated manufacturing overhead ÷ Estimated machine hours
= $4,100,000 ÷ 500,000
= $8.2
Then, the overhead applied is;
= Actual machine hours × Predetermined overhead rate
= 495,000 × $8.2
= $4,059,000
Now, the under applied or over applied overhead is
= Actual annual overhead cost - Applied overhead
= $4,070,000 - $4,059,000
= $11,000 under applied
The answer would be the stockholders w=equity minus
Answer:
There are generally three important types of economic resources: Natural Resources, Human Resources and Capital Resources, that contribute to the economy of the nation.
Explanation:
Economy of any nation is dependant on the resources that the nation exhibits. There are generally three important types of economic resources namely; Natural Resources, Human Resources and Capital Resources.
- Natural Resources: These are naturally created resources that are available in any nation and also contributes to the economy of that particular nation. These resources cannot be created by man and are mostly available because of the geographic factors. Examples of these resources are Agriculture, Water resources, etc.
- Human Resources: These are manpower that are available to contribute in the growth and development of economy of the nation. Human resources are considered an important asset of any nation. Without the availability of sufficient human resources, the other resources are useless.
- Capital resources: These are the financial resources available with any nation that contributes in the development and growth of that particular economy. When wealth and money are used to create more wealth and money, these resources comes under the capital resources of the nation.
Answer:
$5,000 Schedule A (Itemized Deductions)
Explanation:
Solution
We recall that:
George gas a gross income of =$5000
Property taxes =$3000
Operating expenses of =$1500
Deprecation expense of =$800
Now
Normally As per IRS, hobby expenses are normally subtracted up to the hobby income . hobby is pursued as enjoyment and not for making profits hence can not be termed as Profit and loss from business
Therefore George deductible expense for the year is $5,000 it would be taken from Schedule A (Itemized Deductions).
Answer:
The consumer drives the economy by spending money. The more money they spend, the better the economy is.
Explanation:
