Answer:
$11,000
Explanation:
Fabricating Department budgeted direct labor = $9,280
Depreciation remains constant at any level of production.
Budgeted labor rate = Budgeted direct labor ÷ Hours of production
= $9,280 ÷ 640
= $14.5 per hour
Direct labor cost = completed hours of production × Budgeted labor rate
= 600 × $14.5
= $8,700
Budget for the Fabricating Department at 600 hours of production:
Budgeted cost = Direct labor cost + Equipment depreciation
= $8,700 + $2,300
= $11,000
Answer: Derivative security
Explanation:
Derivative security is referred to as the security that provides a payoff which depends on the values of other assets.
A derivative security is referred to as the financial instrument whereby the value depends on the value of another asset. There are different types of derivatives such as options, swaps, futures, and forwards. Example of derivative security is convertible bond.
Answer:
The correct option is A,Debit Land and Building, $130,000; Credit Common Stock, $5,000; Credit Paid-in Capital in Excess of Par Value, Common Stock, $125,000.
Explanation:
The sum of the two market values of both land and building is $130,000($100,000+$30,000),which would be debited to land and building account to show that the asset has increased due to new acquisition.
In the common stock account the par value of the shares which is $5,000($1*5000) would be credited to it.
The difference between the market value of assets acquired and the common stock amount which is $125,000($130,000-$5,000) would be credited to paid in capital in excess of par account.
What are asking I am confused
Answer:
$225,400
Explanation:
The computation of total contribution margin under variable costing is shown below:-
Sales (4900 × $88) $431,200
Less:Variable cost
Direct material (4900 × $12) ($58,800)
Direct labor (4900 × 23) ($112,700)
Variable manufacturing overhead
(4900 × 2) ($9,800)
Variable selling and administrative
expenses (4900 × $5) ($24,500)
Total variable expenses ($205,800)
Contribution margin $225,400
Therefore the total contribution margin under variable costing is $225,400
