Answer: The management requires the overhead rates before the end of the year
Explanation:
The overhead rates are used because the management requires the overhead rates before the end of the year and the predetermined overhead rates are helpful in keeping records very well. The overhead rates are more accurate in results also.
Answer:
Bench-marking
Explanation:
Benchmarking is the process that works for comparing the products, services, etc by the other companies who are dealing with the same type of business that refers to the best in the industry or performing superior performance.
It could be done either by the cost, quality, time, quantity, etc
The aim of doing this process is to gain the competitive advantage so that they get to know their strength, weakness, opportunities, and threats
Answer:
$102,000
Explanation:
Calculation to determine What would be the total appraisal cost appearing on the quality cost report
Using this formula
Total appraisal cost=Test and inspection of in-process goods + Final product testing and inspection
Let plug in the formula
Total appraisal cost=$ 24,000+$78,000
Total appraisal cost=$102,000
Therefore What would be the total appraisal cost appearing on the quality cost report is $102,000
Answer:
$46.51
Explanation:
The weighted arithmetic mean can be defined as:
Where n is the number of shares and P is the share price, then:
Based on this, the weighted arithmetic mean price per share is $46.51
Answer:
No penalty
Explanation:
The tax penalty is as follows
The HSA i.e. health saving account. It is opened so that the expenses related to the medical could be paid and the high health plan i.e. deductible (HDHP) would not covered here
In the case when rules are not followed so there is a penalty of 20%
Given that the amount taxable is $15,000
So here the penalty would be
= $15,000 × 20%
= $3,000
But since Marilyn age is 66 so there is no penalty as the penalty would be applied till the age of 65
