P Company purchased the net assets of S Company for $225,000. On the date of P's purchase, S Company had no investments in marketable securities and $30,000 (book and fair value) of liabilities. The fair values of S Company's assets, when acquired, were: Current assets $120,000 Noncurrent assets 180,000 Total $300,000 How should the $45,000 difference between the fair value of the net assets acquired ($270,000) and the consideration paid ($225,000) be accounted for by P Company? A. The noncurrent assets should be recorded at $ 135,000. B. The $45,000 difference should be credited to retained earnings. C. The current assets should be recorded at $102,000, and the noncurrent assets should be recorded at $153,000. D. A gain of $45,000 should be recorded.
Answers
Answer:
D. A gain of $45,000 should be recorded.
Explanation:
The computation is shown below
Fair value difference is
= Total assets - book & fair value of liabilities - net assets purchased
= $300,000 - $30,000 - $225,000
= $270,000 - $225,000
= $45,000
hence, the correct option is d. $45,000 and the same is to be considered
We simply applied the above formula
Related Questions
Resources are limited in
_________?
Answers
Answer:
A basic condition of nature which means that the quantities of available labor, capital, land and entrepreneurship used for the production of goods and services are finite. It means that the economy has only so many resources that can be used AT ANY GIVEN TIME time to produce goods and services.
Explanation:
If you were designing a recreational facility, describe how you would account for safety and risk management address strategies that you have observed in the facility that we have visit the semester
Answers
Designing a recreational facility requires careful consideration of safety and risk management to ensure the well-being of the visitors. By incorporating effective strategies, we can create an environment that promotes enjoyment while minimizing potential hazards.
One of the key strategies I observed during our visit to the facility this semester was the implementation of comprehensive safety protocols. These protocols included visible signage throughout the facility, clearly indicating safety guidelines and emergency procedures. By having such signage prominently displayed, visitors are constantly reminded of the safety measures in place.
Additionally, the facility had a well-trained staff that actively monitored and enforced safety rules. Staff members were easily identifiable through their uniforms or badges, and they were positioned strategically across the facility to provide assistance and respond to any safety concerns promptly.
Another important aspect I noticed was the presence of well-maintained equipment and facilities. Regular inspections and maintenance routines were visibly conducted to ensure that all equipment met safety standards. This proactive approach minimizes the risk of accidents caused by faulty equipment.
To further enhance safety, the facility provided proper training and orientation for visitors. This included mandatory safety briefings or orientations before engaging in activities that involved potential risks. By educating visitors about potential hazards and how to mitigate them, the facility promotes a culture of safety and risk awareness.
In conclusion, designing a recreational facility with safety and risk management in mind involves implementing comprehensive safety protocols, maintaining well-trained staff, ensuring the proper maintenance of equipment, and providing visitor education and orientation. By incorporating these strategies, we can create a recreational facility that prioritizes safety while offering an enjoyable experience for visitors.
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The study of economics is nothing but the study of a tree and a forest. Discourse with respect to branches of economics
Answers
The study of economics involves the examination of individual components represented by branches and the analysis of the broader system represented by the forest.
How does the study of economics relate to a tree and a forest?Just as a tree consists of various branches that connect and support each other, the study of economics comprises different branches that explore specific aspects of the economy. These branches including microeconomics, macroeconomics and international economics focus on understanding and analyzing elements of economic behavior and systems.
The interplay between the various branches of economics contributes to comprehensive understanding of how individual economic decisions and activities collectively shape the broader economic system. By studying both the branches and the forest, economists can gain insights into the intricate relationships.
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When must you wash your hands
Answers
Answer:
Before, during, and after preparing food. Before and after eating food. Before and after caring for someone at home who is sick with vomiting or diarrhea. Before and after treating a cut or wound.
wash your hands before and after always and preferably with antibacterial soap
25 POINTS AND BRAINLIEST!! PLS HELP
What items should be included in signatures on business e-mail?
threads
e-mail address
name and title
company name
inspirational messages
phone and fax numbers
mailing address
Answers
Hey there!
The following should be the answers:
e-mail address
name and title
company name
phone and fax numbers
mailing address
Hope it helps and have an amazing day!!!
Answer:
yeah they right on OW
Explanation:
if i were to grill a peoce of protien, would my heat be above or below the food item
Answers
Answer:
below the food item of course
Select the correct answer
Which factor increases the risk of is project delays?
Options on picture
Answers
Answer:
B. Shortage of technical staff
Explanation:
It's 100% not D. I took the test and got it wrong
Which of the following influences what you choose to wear
Your activities
All of the Above
Basic needs
Your personal preferences
Answers
Answer:
all of the above dnnxndncnvhhdbdbdbd
A company has a beta of 2.91. If the market return is expected to be 16% and the risk-free rate is 8%, what is
the company's risk premium?
Answers
The additional return investors receive over the risk-free rate in exchange for investing in risky assets is known as the risk premium. The company's risk premium will be 24.90%.
What Are the Components of a Risk Premium?The extra return over the risk-free rate that investors need in order to make up for the increased apprehension associated with hazardous assets is known as the risk premium. Business risk, financial risk, liquidity risk, exchange-rate risk, and country-specific risk are the five key hazards that make up the risk premium.
All five of these risk variables have the potential to lower returns, thus investors must be fairly paid for taking them on. Business risk, financial risk, liquidity risk, exchange-rate risk, and country-specific risk are the five key hazards that make up the risk premium.
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A promissory note can best be described as __________., a. an interest-bearing IOU, b. a guarantee of a line of credit, c. a commitment to lend money to someone, d. a government-backed bond
Answers
A promissory note can best be described as: a. an interest-bearing IOU.
What is promissory note?Promissory note can be defined as a written note that help to shows that a person who lend a money from another person promise to payback. The note contains a promise by the borrower to pay back the lender within a stipulated period of time.
A promissory note can tend to be described as IOU which full meaning is I OWE YOU which implies that a borrower is telling the lender that he/she owe the lender some certain amount of money which the borrower will have to payback.
A promissory note also contains the terms and conditions of the agreement and this terms and agreement includes the following :
The principal amountThe loan maturity dateThe interest etcTherefore we can conclude that the correct option is A.
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Cost of goods manufactured in a manufacturing company is analogous to
Answers
What are some public policies and what the broad social goals that are most likely targeted by the policies?
Help please:/
Answers
Answer:
Students work in small groups and are assigned a version of diary excerpts written by a student intern working for a policymaking legislator. Half the groups read a diary that focuses on stability, security, and equity as broad social goals. The other half read a diary that focuses on freedom, efficiency, and growth. Students determine which broad social goals are emphasized in their reading. During a debriefing, students will discuss broad social goals and identify how trade-offs arise when a society pursues competing social goals. Finally, students choose a current social issue and develop a public policy to deal with that issue, identifying the goals they are attempting to achieve and trade-offs that might arise in terms of other worthy goals.
Explanation:
Explain right to be heard with examples
Answers
The right to be heard means that, depending on their age and maturity, children can be involved in decisions and issues that affect them.
What is the right to be heard?The right to be heard (including the participation of children) is a principle of child rights as defined in the United Nations Convention on the Rights of the Child. According to article 12 of the Convention, children have the right to express their views on all matters that affect them, and their views must be given due weight according to their age and maturity. This right applies equally to children's participation in social and political affairs, and to judicial and administrative proceedings. As a general principle, children's right to be heard should be addressed not only as vulnerable individuals with special protection needs, but also as informed decision makers, rights holders and active members of society. It reflects the child's notion of 'agency', The right to a hearing in article 12 is closely related to other articles of the Convention, which together form the so-called 'participation rights' of children and the recognition of children as citizens with rights holders. Emphasis on understanding.learn more about the right to be heard
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Costs associated with the manufacture of miniature high-sensitivity piezoresistive pressure transducers is $82,000 per year. A clever industrial engineer found that by spending $18,000 now to reconfigure the production line and reprogram two of the robotic arms, the cost will go down to $55,000 next year and $57,000 in years 2 through 5. Using an interest rate of 9% per year, determine the present worth of the savings due to the reconfiguration. The present worth of the savings is determined to be $
Answers
Answer:
PW = $62750.075
Hence, the present worth of the savings is $62750.075
Explanation:
cost of manufacturing is = $82000
Spending now amount = $18000
Cost will go down to = $55,000 in year 1
Cost will go down to = $57,000 from year 2 to year 5
By investing $18000 now,
amount saved in year 1= ($82000 - $55000) = $27000
Amount saved in year 2 to year 5 = ($82000 - $57000) = $25000
Time period = 5 years
Rate of interest = 9% per year.
We can use the following formula to calculate the present worth of the savings:
PW = -P + F (P/F, i, n) + [A(P/A , i, n)] (P/F,i,n)
Where,
P = Initial Amount Spent = $18000
F = Amount Saved in Year 1 = $27000
A = Amount Saved in Year 2 to 5 = $27000
i = Rate of interest = 9%
n = Time period = 5 years
Just plug in these values into the formula to get the results.
PW = -$18000 + $27000(P/F, 9%, 5) + [$25000(P/A , 9%, 5)] (P/F,9%,5)
Where,
(P/F, 9%, 5) = 0.6499
(P/A , 9%, 5) = 3.890
Use interest tables.
Just Plugging in these values in to the formula.
PW = -$18000 + $27000 x (0.6499) + [$25000 x (3.890) ] x (0.6499)
PW = -$18000 + 17547.3 + [97250] x (0.6499)
PW = -$18000 + 17547.3 + 63202.775
PW = $62750.075
Hence, the present worth of the savings is $62750.075
ierney Company begins operations on April 1. Information from job cost sheets shows the following. Manufacturing Costs Assigned Job Number April May June Month Completed 10 $6,100 $6,200 May 11 5,900 5,800 $3,800 June 12 1,400 April 13 5,100 5,600 June 14 6,800 4,600 Not complete Job 12 was completed in April. Job 10 was completed in May. Jobs 11 and 13 were completed in June. Each job was sold for 25% above its cost in the month following completion. (a) What is the balance in Work in Process Inventory at the end of each month
Answers
Answer and Explanation:
The computation of the ending balance of the work in process is shown below:
For April month
= $6,100 + $5,900
= $12,000
For May month
= $5,900 + $5,800 + $5,100 + $6,800
= $23,600
For June month
= $6,800 + $4,600
= $11,400
In this way the ending work in process is to be calculated for each month and the same is to be considered
Troy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in Colorado Springs. He was offered a $63,000 loan at 8.5% for 24 months. What is his monthly payment by table lookup? (Use Table 14.2)
Note: Round your answer to the nearest cent.
Answers
If he was offered a $63,000 loan at 8.5% for 24 months. His monthly payment by table lookup is : $3071.
What is monthly payment?Monthly payment can be defined as the amount a person received on a monthly basis.
First step is to convert the month to year
Month to year = 24 / 12
Month to year = 2 years
Second step is to find the interest using this formula
I = P × R×T
Where:
I = Interest
P = Principal
R = rate
T = time
Hence
I = 63,000 × 2 × 8.5%
I = 10,710
So,
P+ I = 63,000 + 10,710
P+I = 73,710
Now let find the monthly payment:
Monthly payment = 73,710 / 24 months
Monthly payment = $3,071.25.
Monthly payment = $3,071 (Approximately)
Therefore the monthly payment is the amount of $3071
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Search the library and the Internet for information pertaining to the ethical violation made by an organization, past or present, and be sure not to identify the organization. See if this incident has occurred in other organizations; give 2 examples and their outcomes. (OWN WORDS)
Answers
Legitimizations that are Substantial for the Association's Activities Business ethics issues length a great many subjects inside an association's ethical rules. Straightforward moral issues in business include empowering conduct that depends on genuineness and trust, however more complicated issues include obliging variety, humane navigation, consistence, and administration that is reliable with the association's fundamental standards.
Business ethics, typically alluded to as corporate morals, is a subset of applied morals or expert morals that resolves moral or moral issues that might come up in the work environment.
It is critical to the activities of the two individuals and whole organizations and is relevant to all features of business behavior.
People, authoritative declarations, or the overall set of laws all add genuineness to these morals.
These guidelines, goals, moral convictions, and untrustworthy conduct act as an organization' core values.
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Double declining balance
Answers
The double-declining balance method is an effective way to depreciate assets in the early years of their useful life and reduce the balance of the asset more quickly than the straight-line method. This helps companies to account for the asset's cost more accurately over time and to recognize its diminishing value as it ages.
Double-declining balance method is a method of depreciation that is an accelerated method.
The depreciation rate is twice as much as the straight-line method's depreciation rate.
This method begins with an asset's value at the beginning of its use and then decreases at a constant rate throughout its useful life until it reaches the asset's salvage value.
This depreciation method is most commonly used for assets that depreciate quickly at the beginning of their useful life and then slowly depreciate over time until they are scrapped or sold.
Assets such as computers, vehicles, and machinery are common examples of assets that use this method of depreciation.
Double-declining balance method can be calculated using the following formula:Annual depreciation = (2 / useful life in years) * book value at the beginning of the yearOrDepreciation rate = 2 / useful life in years.
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Assume (1) estimated total manufacturing overhead cost = $100,000, (2) estimated total amount of the allocation base = 20,000 direct labor hours, (3) the total direct labor hours actually worked during the period = 21,700, and (4) the total manufacturing overhead actually incurred during the period is $103,000. What is the total amount of underapplied or overapplied overhead for the period?
Answers
Answer:
Explanation:
To determine the total amount of underapplied or overapplied overhead, we need to compare the estimated overhead cost with the actual overhead cost that was incurred, based on the actual amount of the allocation base that was used during the period.
First, we need to calculate the predetermined overhead rate:
Predetermined overhead rate = Estimated total manufacturing overhead cost / Estimated total amount of the allocation base
Predetermined overhead rate = $100,000 / 20,000 direct labor hours
Predetermined overhead rate = $5 per direct labor hour
Next, we can calculate the amount of overhead that should have been applied based on the actual amount of direct labor hours worked:
Applied overhead = Actual direct labor hours worked x Predetermined overhead rate
Applied overhead = 21,700 direct labor hours x $5 per direct labor hour
Applied overhead = $108,500
Finally, we can calculate the amount of underapplied or overapplied overhead:
Underapplied/Overapplied overhead = Actual manufacturing overhead incurred - Applied overhead
Underapplied/Overapplied overhead = $103,000 - $108,500
Underapplied/Overapplied overhead = -$5,500
Since the result is negative, we have an overapplied overhead of $5,500 for the period. This means that the actual manufacturing overhead incurred was less than the overhead that was applied based on the predetermined rate.
Question 2 of 20
Lexi wants to open an account where she can access the funds she needs to
pay her rent and other bills any time she wants. Which type of account would
be the best option for Lexi?
OA. A checking account
OB. A certificate of deposit
OC. A savings account
D. A money market account
SUBMIT
Answers
The best option for Lexi, who needs access to funds anytime she wants to pay her rent and other bills, would be a checking account (option A).
Checking accounts offer features such as check writing, debit card usage, and online banking, allowing Lexi to conveniently and quickly access her money whenever needed. With a checking account, she can easily pay bills by writing checks or using electronic payment methods.
In contrast, options B and C, a certificate of deposit (CD) and a savings account, respectively, may not be the best fit for Lexi's immediate needs. A CD typically requires the funds to be locked in for a specified period of time, usually ranging from a few months to several years, with limited or no access to the funds until the maturity date.
Option D, a money market account, is another viable choice for Lexi. Money market accounts often offer higher interest rates than traditional savings accounts, and they also provide check-writing and debit card capabilities. However, some money market accounts may have minimum balance requirements or limitations on the number of transactions.
Option A.
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Now that you know a little more about what banks do, think about mobile banking (banking done from your phone.) How do you think technology is changing banking? What do you see for banking in the future? What technology might make banking easier? Make sure you respond to these questions in five to eight good sentences. Remember that spelling and grammar count!
Answers
Mobile banking is a easy tool to make any transaction but it also has some ill effects such as increasing bank frauds through mobiles. With the advancement in technology banks are becoming stress free as more customers can solve the queries from their phone screen, further advancement in security of accounts such as by biometrics could help banks to secure banking.
The rise of mobile banking is one of the most significant changes in banking as a result of technology. Customers can carry out banking operations using their smartphones or tablets with mobile banking, including checking account balances, transferring money and paying bills. Due to the availability of online banking, customers can now conduct transactions at any time and from any location.
Future technological developments such as biometric authentication for secure login and transactions, artificial intelligence to enhance customer service and personalized banking and blockchain technology for efficient and secure transactions will likely make banking even more effective and convenient.
Overall, technology is changing the banking sector and bringing better more easily accessible services to customers.
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select a business from any of three business sectors
Answers
A business from any three business sectors is industry. Businesses clearly differ in what they do.
Businesses are frequently classified according to their industry or sector. An industry is a group of businesses which are related in terms of their primary activity, such as car manufacturing or grocery sales. Smaller industries (such as car manufacturing) can be grouped to larger industry sectors (such as the manufacturing sector in general). An individual business is classified as belonging to a specific industry based on its primary activity.
As a result, this company would be classified as belonging to the automobile manufacturing industry rather than financial services.
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Congratulations, you've won the lottery! The jackpot was $10,000,000, and you have an important choice to make. You can either take your winnings in annual payments of $500,000 spread out over 20 payments (with the first payment coming immediately and then at the end of each year for the next 19 years), or you can take a one-time payment of $6,600,000 right now. What is the present value of your winnings if you opt for the annual payments and the market interest rate is 5%
Answers
Answer:
$6,542,660.43
Explanation:
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
Cash flow each year from year 0 to 19 = $500,000
I = 5%
PV = $6,542,660.43
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
what is the change in total profit of cleaning the fifth driveway if the price Mr. Plow can charge is $10 per driveway
Answers
Answer:
Explanation:-1
Which of the following reflects the effect of the year-end adjusting entry to record estimated uncollectible accounts expense using the allowance method? Balance Sheet Income Statement Statement of Cash Flows Assets = Liabilities + Stockholders' Equity Revenue Expense = Net Income A. − = n/a − n/a − − − OA B. n/a = − − n/a + − n/a C. n/a = − − n/a + − − OA D. − = n/a − n/a + − n/a
Answers
It is only option D. − = n/a − n/a + − n/a that reflects the effect of the year-end adjusting entry for Uncollectible Accounts Expense when the allowance method is used.
The entry reduces Accounts Receivable (Assets) through its contra account (the Allowance for Uncollectible Accounts).
It does not affect the liabilities. It reduces Equity because it is an expense that reduces Retained Earnings.
The entry does not affect the Revenue but increases Expenses, which reduce the Net Income.
It is not a cash flow item and does not affect the Statement of Cash Flows.
Data and Options:
Balance Sheet Income Statement Statement of
Cash Flows
Assets = Liabilities + Stockholders' Equity Revenue Expense = Net Income
A. − = n/a − n/a − − − OA
B. n/a = − − n/a + − n/a
C. n/a = − − n/a + − − OA
D. − = n/a − n/a + − n/a
The estimated Uncollectible Accounts Expense is Bad Debt Expense.
When this year-end adjusting entry is recorded, the financial statements affected are only the Income Statement (expenses) and the Balance Sheet (equity).
Thus, the only correct reflection of the adjustment is option D.
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whats a good job for me A. nail artist B.GameDev C. Aesthetic photography D.Anime Actor idc They all sound good
Answers
Answer:
C. Aesthetic photography
Explanation:
Answer: it really depends on what you're good at !!
Explanation: seeing all the jobs you listed here, if you look more into the requirements and the education that is needed, see which one is either easier or what you're good in in that field, and go for that !!
i think that either a nail artist or an aesthetic photographer would be good for you :)
2.1. Transformation process is an activity of taking inputs and processing, changing or converting them while adding value to them so that outputs could be created. Illustrate transformation processes of the following goods and services; (12)
2.1.1. Body Lotion
2.1.2. Paper
2.1.3. Doctor (any)
2.1.4. TV Show
Answers
transformation process is any activity or group of activities that takes one or more inputs, transforms and adds value to them, and provides outputs for customers or clients. ... changes in the physical characteristics of materials or customers. changes in the location of materials, information or customers.
Each year The Calendar Shop orders calendars for the coming year. Anticipated demand for the coming year is for 2000 calendars. The Shop's fixed costs are $750. Each calendar cost $3 and The Calendar Shop sells each one for $5.00. At the end of July during the next year, The Shop will reduce the calendar price to 60% of the original selling price and will sell all the surplus calendars at this price. Assume the original selling price varies from $4.00 to $7.25 in increments of $0.25. The Calendar Shop can order in increments of 250 calendars up to a maximum of 4000 calendars. Answer the questions below. For each question, start with the original conditions given here.
10.If the sale price is set at $4.75, the Calendar Shop can expect to make the maximum profit when the order quantity is : A. 2,000 B. 2,500 C. 3,000 D. 3,500
Answers
A. 2,000. The maximum profit is obtained when the order quantity is set at 2,000, since this is the anticipated demand for the coming year.
What is profit?Profit is the amount of money a business earns after expenses are deducted from its total revenue. It is the difference between a company's total revenue and expenses, and it is a measure of the business's performance. It serves as an indicator of a company's financial health and is an important metric for investors and owners. Profit is also referred to as net income, net earnings, or the bottom line.
With 2,000 calendars, the Calendar Shop can cover its fixed costs of $750, and will make a profit of $2,250 ($5.00 minus $2.75 per calendar). With an order of more than 2,000 calendars, the price per calendar will have to be reduced, resulting in a lower overall profit.
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Tiger Equipment Inc., a manufacturer of construction equipment, prepared the following factory overhead cost budget for the Welding Department for May of the current year. The company expected to operate the department at 100% of normal capacity of 7,800 hours.
Variable costs:
Indirect factory wages $30,240
Power and light 20,160
Indirect materials 16,800
Total variable cost $67,200
Fixed costs:
Supervisory salaries $20,000
Depreciation of plant and equipment 36,200
Insurance and property taxes 15,200
Total fixed cost 71,400
Total factory overhead cost $138,600
During May, the department operated at 8,860 standard hours, and the factory overhead costs incurred were indirect factory wages, $32,400; power and light, $21,000; indirect materials, $18,250; supervisory salaries, $20,000; depreciation of plant and equipment, $36,200; and insurance and property taxes, $15,200.
Required:
Prepare a factory overhead cost variance report for May. To be useful for cost control, the budgeted amounts should be based on 8,860 hours.
Answers
Answer:
Tiger Equipment Inc.
Welding Department
Factory Overhead Cost Variance Report for May:
Budget
Normal Flexible Actual Variance
Capacity (hours) = 7,800 8,860 8,860 0
Variable costs:
Indirect factory wages $30,240 $34,350 $32,400 $1,950 F
Power and light 20,160 22,900 21,000 1,900 F
Indirect materials 16,800 19,083 18,250 833 F
Total variable cost $67,200 $76,333 $71,650 $4,683 F
Fixed costs:
Supervisory salaries $20,000 $20,000 $20,000 $0
Depreciation of plant & equipment 36,200 36,200 36,200 0
Insurance and property taxes 15,200 15,200 15,200 0
Total fixed cost 71,400 71,400 $71,400 $0
Total factory overhead cost $138,600 $147,733 $143,050 $4,683 F
Explanation:
a) Data and Calculations:
Normal
Capacity = 7,800 hours
Variable costs:
Indirect factory wages $30,240
Power and light 20,160
Indirect materials 16,800
Total variable cost $67,200
Fixed costs:
Supervisory salaries $20,000
Depreciation of plant & equipment 36,200
Insurance and property taxes 15,200
Total fixed cost 71,400
Total factory overhead cost $138,600
Flexible costs:
Indirect factory wages $30,240 /7,800 * 8,860 = $34,350
Power and light 20,160 /7,800 * 8,860 = $ 22,900
Indirect materials 16,800 /7,800 * 8,860 = $19,083
Budget
Normal Flexible Actual Variance
Capacity (hours) = 7,800 8,860 8,860 0
Variable costs:
Indirect factory wages $30,240 $34,350 $32,400 $1,950 F
Power and light 20,160 22,900 21,000 1,900 F
Indirect materials 16,800 19,083 18,250 833 F
Total variable cost $67,200 $76,333 $71,650 $4,683 F
Fixed costs:
Supervisory salaries $20,000 $20,000 $20,000 $0
Depreciation of plant & equipment 36,200 36,200 36,200 0
Insurance and property taxes 15,200 15,200 15,200 0
Total fixed cost 71,400 71,400 $71,400 $0
Total factory overhead cost $138,600 $147,733 $143,050 $4,683 F
why studying business low is so important?
Answers
It is important to study business law because it helps you spot potential legal issues as they come up, make better decisions, and know when to seek legal help.
If you are not aware of these laws you could be putting your staff at risk, violating employment laws and failing to ensure your premises are safe for customers.
What does the phrase "business law" mean?The formal procedure for making a company organization and the rules managing the sale of corporate entities are governed by business law. Moreover, it has rights delegation, contract drafting, task delegation, breach of contract, transactions, contracts, and sanctions for contract violations.
What is it , and what does it serve?When it comes to businesses and their dealings with people, organizations, and other enterprises, the goals and functions of business law include making order, defending rights and freedoms, creating standards, and settling conflicts.
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