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2 years ago

What to do when unemployment benefits are exhausted?

1 answer:

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Explanation: If a claimant's traditional unemployment benefits have been exhausted or a traditional claim has expired, individuals must file a new claim or reopen an existing claim to be determined for eligibility or to continue receiving benefits to which they may be entitled.

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Mondale Winery depreciates its equipment using the group method. The cost of equipment purchased in 2021 totaled $565,000. The e

beks73 [17]

Answer:

$90,400

Explanation:

Mondale Winery depreciates it's equipment by making use of the group method.

The cost of equipment that was purchased in 2021 totaled $565,000

The residual value of the equipment was $54,000

The group depreciation rate is 16%

= 16/100

= 0.16

Therefore, the annual depreciation can be calculated as follows

Annual depreciation= Cost of equipment × Group depreciation rate

= $565,000×0.16

= $90,400

Hence the annual depreciation for the group is $90,400

4 0

3 years ago

In what kind of estate does ownership revert to the grantor of the estate if usage fails to conform to a stated condition in the

Nimfa-mama [501]

Answer:

The correct answer is a Fee simple defeasible estate.

Explanation:

A fee simple defeasible estate is a type of property that has some conditions attached to it. In case the conditions are not conformed the estate goes back to the grantor.

The holder of such an estate holds it as a fee simple subject to that condition. If the given condition is not met the estate either goes to the original grantor or to a third party.

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3 years ago

Concord Corporation planned to use 1 yard of plastic per unit budgeted at $91 a yard. However, the plastic actually cost $90 per

Greeley [361]

Answer:

Total Material Variance = $10,060 Unfavorable

Explanation:

Provided Information,

Standard budgeted unit of raw material = 1 yard

Standard price per unit = $91.00

Actual price per yard = $91.00

Actual units produced = 4,600

Actual yards of plastic used = 4,660 yards

Standard yards for actual production = 4,600 $\times$ 1 yard = 4,600

Total Material Variance = Standard Cost for actual output - Actual Cost

Standard Cost = 4,600 $\times$ $90 = $414,000

Actual Cost = 4,660 $\times$ $91 = $424,060

Total Material Variance = $414,000 - $424,060 = - $10,060

Since value is negative as actual cost is more than budgeted, the variance is unfavorable.

Final Answer

Total Material Variance = $10,060 Unfavorable

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3 years ago

Dynamo Corporation manufactures toasters. Each toaster comes with a 5-year assurance-type warranty. The toasters sell for $60 ea

nordsb [41]

Answer:

Journal entry to record sale of toasters and warranty

Dr Cash 36,000

Cr Sales revenue 36,000

Dr Warranty expense 2,400

Cr Warranty liability 2,400

Adjusting entry for actual warranty expense

Dr Warranty liability 500

Cr Cash 500

Since the warranty covers a 5 year period, the remaining warranty expense cannot be recognized as warranty revenue yet. Only after the warranty period is over, will any money left over will be recognized as revenue.

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3 years ago

What is the capacity of the machine in batches unfinished batch?

Oxana [17]

Complete Question:

You are considering the purchase of a new machine to help produce a new product line being introduced. The machine is expected to have a setup time of 10 minutes per batch and a processing time of 2 minutes per part. You plan to have batch sizes of 50 parts. The plant operates 8 hours per day.

What is the capacity of the machine in batches per day?

Answer:

The capacity of the machine in batches = 4 batches per day.

Explanation:

a) Data and Calculations:

Set up time per batch = 10 minutes

Processing time per part = 2 minutes

Batch sizes = 50 parts

Plant operation = 8 hours per day

b) Capacity in batches per day:

Total batch time = 10 + 50 * 2 = 110 minutes

Total minutes of operation per day = 8 * 60 = 480 minutes

Capacity in batches = 480/110 = 4.36 or approximately 4 batches

c) Each batch produces 50 parts with each part taking some 2 minutes and an additional batch setup time of 10 minutes, giving a total of 110 minutes per batch. Since there are some 480 (8 * 60) minutes available per day, it means that the entity can only run about 4 batches (480/110) per day. These 4 batches will consume a total of 440 minutes (110 x 4), leaving some 40 minutes as unutilized time.

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3 years ago