Answer:
The correct answer is B: the jobs produced during the period have been under-costed
Explanation:
Giving the following information:
If manufacturing overhead has been under-allocated during the period, then which of the following is true?
(a) the jobs produced during the period have been over-costed
(b) the jobs produced during the period have been under-costed
(c) the jobs produced during the period have been costed correctly
(d) none of the above
When manufacturing overhead has been under-allocated means that the actual costs incurred where superior that the estimated cost for the period.
Answer:
option (d) increases by $1,000
Explanation:
Data provided in the question:
Increase in gross pay = $500
Increase in total employee benefits = $200
Decrease in total job expenses = $300
Now,
The change total employment compensation
= Increase in gross pay + Increase in total employee benefits + Decrease in total job expenses
= $500 + $200 + $300
= $1,000 (Here, the positive value means an increase )
Hence,
The answer is option (d) increases by $1,000
Answer: Fixed assets are long-term items that add value to your business. They are tangible assets that you do not expect to convert into cash in less ... asset because you want to convert it into cash as fast as possible. ... You must keep up with maintenance schedules to get the longest life out of your fixed assets.
Explanation: PLEASE GIVE BRAINLIST
Answer:
$273,840
Explanation:
The Cost of of an item of Property, Plant and Equipment according to IAS 16 include the purchase price and any directly related costs incurred in bringing the asset in the condition and location for operation as intended by management.
<u>Calculation of the Cost of Land</u>
Purchase Price $260,000
Cost after proceeds to demolish old building($11,300 - $1,670) $9,630
Insurance $830
Legal Fees $420
Property taxes ( $3,300 - $170) $3,130
Capitalized Cost $273,840
