Can someone please fill out this chart for accounting 1. will give brainliest and 100 points

Explain why two employees at a company, earning the same gross pay, might have different net pays.

Orlov [11]

It would be depending on how they filled out their tax forms before starting the job. Some people may have children to claim on their tax returns and some people may only be able to claim only theirself .

4 0

3 years ago

Read 2 more answers

Way Cool produces two different models of air conditioners. The company produces the mechanical systems in their components depa

katrin [286]

Answer:

Plantwide Overhead Rate $ 213.61 per hour

1) Overhead Cost Model 145=$ 487062.56

1) Overhead Cost Model 211= $ 1153494

Total Cost per unit Model 145 696.29 Model 212 $406.56

Explanation:

Plantwide Overhead Rate = Total Estimated Overhead/ No of Machine Hours

Process Activity Overhead Cost Driver Quantity

Components Changeover $ 459,500 Number of batches 810

$ 459,500/810= $567.28 per batch

Machining 301,600 Machine hours 7,680

301,600/ 7,680 = $ 39.27

Setups 227,500 Number of setups 80

227,500 /80=2843.75 per set up

$ 459,500 +301,600 +227,500 =$ 988,600

Finishing Welding $ 180,500 Welding hours 4,900

$ 180,500/ 4,900= $ 36.84 per welding hour

Inspecting 222,000 Number of inspections 815

222,000/815 = $ 272.39 per number of inspections

Rework 60,700 Rework orders 230

60,700 /230 = 263.91 per rework order

$ 180,500+ 222,000+ 60,700 =$ 463,200

Support Purchasing $ 135,500 Purchase orders 525

$ 135,500 / 525 = $ 258.10 per purchase order

Providing space 31,550 Number of units 4,800

31,550/4800= $ 6.57 per number of unit

Providing utilities 60,110 Number of units 4,800

60,110 / 4800= $ 12.53

$ 135,500+ 31,550+60,110 =$ 227,160

Additional production information concerning its two product lines follows.

Model 145 Model 212

Units produced 1,600 3,200

Welding hours 2,000 2,900

Batches 405 405

Number of inspections 485 330

Machine hours 2,280 5,400

Setups 40 40

Rework orders 130 100

Purchase orders 350 175

1)Plantwide Overhead Rate = Total Estimated Overhead/ No of Machine Hours

Adding the Estimated Sub Totals we get

Total Estimated Overhead=$ 988,600 + $ 463,200 + $ 227,160

Total Estimated Overhead= $ 1678960

No of Machine Hours= 7860 (given)

Plantwide Overhead Rate =$ 1678960/7860= 213.608= $ 213.61 per hour

Overhead Cost Model 145=$ 213.61 per hour* 2,280 hours

1) Overhead Cost Model 145=$ 487062.56

1) Overhead Cost Model 211=$ 213.61 per hour* 5400 hours= $ 1153494

2) Model 145 Model 212.

Direct Materials $ 130

Direct Labor $200

Overhead Costs $567.28* 405 $567.28*405

= 229784.4 = 229784.4

$ 39.27*2280 $ 39.27*5400

= 89535.6 =212058

2843.75*40 2843.75* 40

=113750 =113750

Subtotal 433070 555592.4

$ 36.84*2000 $ 36.84 *2900

=73680 i = 106836

$ 272.39* 485 $ 272.39* 330

=132109.5 ii = 89888.7

263.91*130 263.91 *100

=34308.3 iii =26391

Subtotal i+ii+iii= 240097.8 223115.7

$ 258.10*350 $ 258.10*175

=90335 i = 45167.5 a

$ 6.57 *1600 $ 6.57 *3200

= 10512 ii =21024 b

$ 12.53 *1600 $ 12.53 *3200

=20048 iii 40096 c

Subtotal i+ii+iii= 120895 a+b+c = 106287.5

Total Overhead 794062.8 884995.6

No of Units 1600 3200

Total Overhead Cost Per Unit 496.29 276.56

Direct Labor $200

Direct Materials $130

Total Cost per unit 696.29 $406.56

3 0

3 years ago

The purchasing process interacts with the following entities:

bogdanovich [222]

Answer:

Both of these choices are correct are correct

Explanation:Since both of the choices are correct, hence the purchasing process interact with both Inventory control, Warehouse, Vendor

Logistics, Finance, Vendor

5 0

3 years ago

What are the kinds of purchases for which you’ll "spare no expense"? What kinds of purchases do you want to buy spending as litt

Maurinko [17]

Answer:

"Spare no Expense" Purchases

When purchasing long-term items (assets) which cannot be consumed within a short-term period, one tends to "spare no expense." These purchases are dictated by their quality and not price. For example, in constructing a building an individual or an entity does not consider the price as a deciding factor. Instead, the entity goes for the best quality at whatever price. In such a situation, it can be described as "sparing no expense" because it can spend as possible as is needed to ensure that the quality of the construction was of the highest standard. A wealthy man does not spare any expense to receive medical treatment. Vacationists spare no expense to go on vacation

These purchases or items come with high prices and they last longer than a year.

On the other hand, one does not want to spend much resources on goods that are not durable. So, the person involved tend to spend as little as possible. No one wants to buy expensive food items. But, the same person can pay for an exorbitant car. No one wants to expend much resources on inner wears, but the same person can spend thousand for the outer wears, to put up appearances.

Ostentatious goods that convey image attract higher prices much more than private goods that others co not care whether you use them or not. This accords with our human natural way of believing in appearances.

The major factors that differentiate between these two categories that drive our attitude regarding price include:

a) Scarcity, b) Longevity, c) Quality, d) Price, e) Durability, f) Ostentation

Explanation:

The expression "spare no expense" means to spend as much financial resources as needed in order to make something happen or bring about an outcome.

3 0

3 years ago

Do all markets function the same way around the world?

Alika [10]

Well honestly, markets are how people function; markets don’t function, people do.

We speak of the “functioning of markets” as a shorthand, a figure of speech because abstracting human behavior to the behavior of a system is useful, as long as we don’t forget that it is an abstraction and not a real thing.

This is the same when we speak of “the roar of the crowd” even though people roar, not crowds. It just takes too long to write “the noise of the people in the crowd roaring at the same time”.

It is easier to write “the functioning of the market” than “what happens as people interact with each other.” Markets are the interactions of people .

So, do people behave and interact the same way around the world? Obviously not. Are the results the same? Yes they are: people serve each other and, in the process, create wealth. But both wealth and service vary by culture.

If that makes sense... anyway, have a nice night!
~Brooke❤️

7 0

3 years ago