Answer:
Period costs= $48,960
Explanation:
Giving the following information:
Units sold 1,110
Variable selling and administrative expense $ 7
Fixed manufacturing overhead $18,990
Fixed selling and administrative expense $22,200
<u>Under the variable costing method, the period costs include the fixed manufacturing overhead, selling, and administrative costs both fixed and variable.</u>
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Period costs= (7*1,110) + 18,990 + 22,200
Period costs= $48,960
Answer:
$80,000
Explanation:
Since Worthington Corp. assumed the the $20,000 mortgage which the building was subject to, the Worthington Corp.'s basis in the building is the adjusted basis of the building.
Therefore, Worthington Corp.'s basis in the building is <u>$80,000</u> which is the adjusted basis of the building.
Compliance is the ability to reasonably protect conformity and adherence to both internal and external policies, standards, procedure, laws, and regulations.
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