Aspen Company estimates its manufacturing overhead to be $891,000 and its direct labor costs to be $540,000 for year 2. Aspen worked on three jobs for the year. Job 2-1, which was sold during year 2, had actual direct labor costs of $168,000. Job 2-2, which was completed, but not sold at the end of the year, had actual direct labor costs of $293,000. Job 2-3, which is still in work-in-process inventory, had actual direct labor costs of $118,000. Actual manufacturing overhead for year 2 was $960,000. Manufacturing overhead is applied on the basis of direct labor costs.
Required:
A. How much overhead was applied to each job in year 2?
B. What was the over- or underapplied manufacturing overhead for year 2?

Answer

$23–43per hour

Librarian

United States

$34k–78kper year

Librarian

Chicago, IL

Explanation:

Answer:

$93,900

Explanation:

Computation for pension expense for the year 2020.

PENSION EXPENSE

Service cost $54,700

Interest cost $45,200

($452,000 * 0.10)

Less Actual return ($13,800)

Amortization of PSC $7,800

Pension expense $93,900

Therefore the pension expense for the year 2020 is $93,900

Answer:

the science or practice of farming, including cultivation of the soil for the growing of crops and the rearing of animals to provide food, wool, and other products. Agriculture was the key development in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that enabled people to live in cities.

Explanation:

\ (•◡•) / Hey There!

Answer → Agriculture is the science or practice of farming, including cultivation of the soil for the growing of crops and the rearing of animals to provide food, wool, and other products.

✨Hope This Helps!✨

Answer:

See the attached excel file for the journal entries.

Explanation:

Note: See Sheet1 of the attached excel file for the journal entries for recording events 1 to 10 as well as the formulae in front of the ones that required calculations.

Note that the double-declining-balance depreciation for buildings is calculated for December 31, 2015 and December 31, 2016 as follows:

As form of definition, double-declining-balance is a depreciation method under which an asset is depreciated at twice the rate of the straight line depreciation method.

The depreciation rate for the building is therefore obtained as follows:

Straight line depreciation rate = 1 / Number of estimated life = 1 / 10 = 0.10, or 20%

Double-declining depreciation rate = Straight line depreciation rate * 2 = 10% * 2 = 20%

Total cost of building = $86,000 + $2,000 = $88,000

Depreciation expense on building on December 31, 2015 = Total cost of building * Double-declining depreciation rate = $88,000 * 20% = $17,600

Beginning value of Building on on January 1, 2016 = Total cost of building - Depreciation expense on building on December 31, 2015 = $88,000 - $17,600 = $70,400

Depreciation expense on building on December 31, 2016 = Beginning value of Building on on January 1, 2016 * Double-declining depreciation rate = $70,400 * 20% = $14,080

Additional Note:

See Sheet2 of the attached excel file for how the calculation of Building Depreciation Expenses Using Double-declining balance for the whole of estimated life of 10 years is done. Note that the $5,000 End year book value in Year 10 is the Salvage value and the Year 10  Accumulated depreciation is $83,000 which is the depreciable part of the $88,000.

Lastly, the Year 10 depreciation expense is calculated as follows:

Year 10 depreciation expense = Year 10 Beginning depeciable amount - Salvage value = $11,811 - $5,000 = $6,811

Answer:

Contribution margin per unit = 120 per unit

Explanation:

Given:

Sales price of a unit = 170

Variable cost per unit = 50

Find:

Contribution margin per unit

Computation:

Contribution margin per unit = Sales price of a unit - Variable cost per unit

Contribution margin per unit = 170 - 50

Contribution margin per unit = 120 per unit

Contribution margin ratio = [Contribution margin per unit / Sales price of a unit]100

Contribution margin ratio = [120 / 170]100

Contribution margin ratio = [0.7058]100

Contribution margin ratio = 70.58% (Approx.)

Answer:

The answer is below

Explanation:

Some of the sources of information in Australia that you could access to help you facilitate compliance with relevant international finance regulations are:

1. Reserve Bank of Australia - RBA

2. Australian Prudential Regulation Authority - APRA

3. Australian Securities and Investments Commission - ASIC

4. Australian Competition and Consumer Commission - ACCC

5. Australian Communications and Media Authority - ACMA

6. Superannuation and Financial Services Industry - Royal Commission

7. Australian Financial Services Licence - AFSL

8. Australian Market Licence - AML

9. Clearing and Settlement - CS

10. Australian Consumer Law - ACL

Answer: a. 43units

b. 89.5%

c. 414 units

d. $68.30

Explanation:

The information given are written below:

Demand, d = 17 units per day

Standard Deviation during lead time, SD = 34.6

Reorder point R = 400

Lead Time, L = 21 days

Since Reorder point = (d×L) + (Z×SD)

400 = (17 × 21) + (34.6 × Z)

400 = 357 + 34.6Z

34.6Z = 400 - 357

34.6Z = 43

Z = 43/34.6

Z = 1.24

a. How much safety stock is currently being held?

= 1.243 × 34.6

= 43 units

b. What Cycle Service Level is currently being supported?

Since the value of Z = 1.243, then, the service level from the service table will be: = 89.5%

c. If a 95% CSL is desired, what reorder point should be used?

This will be:

=(17 × 21) + (1.645 × 34.6)

= 357 + 56.917

= 413.917

= 414 units

d. If the annual holding cost is 20% of item cost and the item costs $12/unit, what is the cost of safety stock inventory based on a 95% CSL?

First, we need to know the average inventory for the 95% service level which will be:

= Safety stock / 2

= (1.645 × 34.6) / 2

= 28.46 units

The cost of safety stock inventory will be:

= Average inventory × Item cost × Holding cost

= 28.46 × 12 × 20%

= $68.30

After analyzing the scenario, the best-fit marketing career for Johns's skills would be Marketing research analyst. Thus, option 'B' is the correct option.

Analysts of market research collect and examine consumer and competitor data. To determine the likelihood that a good or service will be purchased, market research experts examine customer preferences, economic conditions, and other variables. They assist businesses in determining who will buy certain things and at what price. If you enjoy working in a position that rewards analytical, collaborative, creative, and critical thinking abilities, a job in market research is a great fit.

Market researchers get to be at the cutting edge of business trends. Because they work set hours and get weekends off, many marketing analysts are able to maintain a healthy work-life balance. Due to the fact that most businesses require their services, they also frequently have good job security.

Learn more about Marketing research analysts, here:

https://brainly.com/question/13923577

#SPJ2

Answer:

I need more explanations

Explanation:

Answer:

Amira, a sales rep for a software company, was asked by a potential customer whether the company’s technology could perform a specific function critical to his business needs. Amira wasn’t certain the software could handle his needs, so she told him she would need to get back to him. Rather than provide potential misinformation just to make the sale, Amira checked with the development team first. After determining the product could perform the requested function, she let her customer know. Not only did Amira earn the sale, but she earned trust and respect from her client, too.

Explanation:

In a workplace setting, acting with integrity often means demonstrating your core values in all efforts. Here are a few behaviors that show integrity: Being dependable and following through on commitments, Being open and honest when communicating with others,  Holding yourself accountable and owning up to your shortcomings

Employees must exercise integrity regardless of their department or career level. Integrity is critical, however, in leadership positions where people have the opportunity to set examples for others. By incorporating strong values into your behavior, you can help encourage other employees to do the same.

How to display integrity in the workplace

Whether you’re working in a small business or a large corporation, your commitment to integrity will impact the workplace. Acting with integrity not only helps show employers you are capable of handling responsibilities that can advance your career, but it also helps foster a positive company culture.

Actions  to demonstrate integrity and impact your workplace

1. Show up ready to work

2. Set a positive example

3. Be respectful during the conflict

4. Practice accountability

5. Follow and enforce company policies

6. Improve your work ethic

7. Respect property

Answer:

1. We have:

Initial valuation of land = $1,821,720

Initial valuation of building = $1,214,480

2. We have:

Initial valuation of land = $3,432,700

Initial valuation of building = $0

Explanation:

1. Determine the initial valuation of each asset Samtech acquired in these transactions.

Fair value of land = $3 million

Fair value of building = $2 million

Total fair value = $3 million + 2 million = $5 million

Total acquisition cost = Purchase price land and building + Title insurance + Legal fees for drawing the contract + State transfer fees = $3,000,000 + $23,000 + $8,500 + $4,700 = $3,036,200

Initial valuation of land = Total acquisition cost * (Fair value of land / Total fair value) = $3,036,200 * (3 / 5) = $1,821,720

Initial valuation of building = Total acquisition cost * (Fair value of building / Total fair value) = $3,036,200 * (2 / 5) = $1,214,480

2. Determine the initial valuation of each asset, assuming that immediately after acquisition, Samtech demolished the building. Demolition costs were $320,000 and the salvaged materials were sold for $9,500. In addition, Samtech spent $86,000 clearing and grading the land in preparation for the construction of a new building.

Since it is assumed that the building has been demolished, the building will no longer have any initial valuation or an initial valuation of $0.

What will happen now is that the Total acquisition cost plus Demolition costs and cost of clearing and grading the land in preparation for the construction of a new building minus the salvaged materials will be the initial valuation of land.

Initial valuation of land = Total acquisition cost + Demolition costs + Cost of clearing and grading the land - Salvaged materials = $3,036,200 + $320,000 + $86,000 - $9,500 = $3,432,700

Initial valuation of building = $0

Answer:

is the best method of analyzing mutually exclusive projects

Explanation:

The net present value would be considered the best method of capital budgeting to evaluate projects.

Also, it considers the time value of money. It represent to be a good indicator of firm profitability and rise the shareholder wealth.

So according to the given options, it would be considered the best method for analyzing the projects that are mutually exclusive

hence the first option is correct

Answer:

the  current provision for income tax is $507,900

Explanation:

The computation of the current provision for income tax is shown below:

= (Income before income tax + temporary difference - depreciation expense) × effective income tax rate

= ($2,760,000 + $246,000 - $974,400) × 0.25

= $507,900

Hence, the  current provision for income tax is $507,900

The same would be considered and relevant

Answer:

The Answer is gonna be Yes

Answer:

Dunn Sporting Goods

Identifying Current Assets and Current Liabilities

Current Assets:

1. Prepaid Rent             $6,000

3. Inventory                $46,230

4. Marketable securities $700

5. Cash                         $1,050

7. Account receivable $2,850

Current Liabilities:

2. Accounts payable $9,700

6. Interest  Payable  $4,500

Explanation:

a) Data and Analysis:

1. Prepaid Rent (Current Assets) $6,000 Prepaid Rent (Long-term Assets) $2,500 in the amount of $8,500. Dunn's rent is $500 per month.

2. Account payable $9,700

3. Inventory (Current assets) $46,230.

4. Short-term marketable securities $700 Long-term Investments $1,200  

5. Cash (current assets) $1,050.

6. Loan Payable (long-term) $60,000 due in March 2024. Interest  Payable (current liabilities) $4,500

7. Account receivable (Current assets) $2,850

8. Store equipment $9,200. Accumulated depreciation  $1,250.

b) Current assets are short-term assets expected to be used up within 12 months while current liabilities are short-term assets expected to be settled within 12 months.

Answer: $7,000

Explanation:

Interest deduction is allowed by the IRS if the loan was taken to improve the home. However, for married couples, only loans below the $750,000 limit can have their interest deducted.

The Sanchezes have paid off $500,000 of the principal of their previous loan so we will assume that was enough to get this new loan under the $750,000 limit.

Allowable interest deduction will therefore be:

= 100,000 * 7%

= $7,000

Answer:

$9,675,045

Explanation:

In order to win the election of the board of directors, voting powers should have half a of the voting power and one vote.

Calculating the cost incurred to buy the voting power:

Total cost = [Number of shares / 2 + 1] * Stock price

Total cost = [430,000/2 + 1] * $45

Total cost = 215,001 * $45

Total cost = $9,675,045

So, it will cost one $9,675,045 to buy a seat if the company uses straight voting.

Answer: A focus on objective tsocial class enters a direct determination of a person shotshell based on social economic variables mainly income wealth education occupation a second approach to social class the one that approach to social class that one that occupies here deals with how people put themselves into categories

Answer:

$4,269,950

Explanation:

The Cost of an asset include Purchase Cost and other costs directly incurred to put the asset in the location and condition intended for use by management.

Calculation of Cost of the Building :

Architect’s fees             $46,800

Insurance                         $3,600

liability insurance            $3,900

Excavation                     $15,660

Contractor                $4,200,000

Total                          $4,269,950

Therefore,

The cost of the building that should be recorded by Wilson Co. is $4,269,950

Answer:

b) be more inelastic than supply curves that apply to longer periods of time.

Explanation:

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply. In order to understand both short-run economic fluctuations and how the economy move from short to long run, we need the aggregate supply and aggregate demand model.

Aggregate supply (AS) refers to the total quantity of output (goods and services) that firms are willing to produce and sell at a given price in an economy at a particular period of time.

An aggregate supply curve gives the relationship between the aggregate price level for goods or services and the quantity of aggregate output supplied in an economy at a specific period of time.

In the short run or in shorter time periods supply curves tend to be more inelastic than supply curves that apply to longer periods of time.

This ultimately implies that, a rightward shift in the aggregate supply (AS) curve causes output to increase and result in a price fall (lower price), in the short run.

However, in the long-run or in longer time periods, supply curves tend to be fairly elastic than supply curves that apply to shorter periods of time.

Answer:

$8,500

Explanation:

Total budgeted general and administrative expenses are the compulsory daily cost expended to ensure that a company's operations is maintained irrespective of whether the company is making profit or not.

Examples of general and administrative expense includes rent, utility bill, insurance, depreciation of office furniture, insurance and wages etc.

Therefore,

Total budgeted general and administrative expenses budgeted per month = Administrative salaries + Other cash administrative expenses + Depreciation

= $4,500 + $1,900 + $2,100

= $8,500

Answer:

       SITUATION                                                                    1                  2

a) Income tax payable currently.                                    $14,000     $30,000

b) Deferred tax asset - balance at year-end.                   $1,800       $4,600

c) Deferred tax asset change dr or (cr) for the year.         $800              $0

d) Deferred tax liability - balance at year-end.                      $0       -$1,800

e) Deferred tax liability change dr or (cr) for the year.          $0         -$800

f) Income tax expense for the year.                              $13,200     $30,800

Explanation:

Note: See the attached excel file for all the calculations of all the answers a to f above.

Answer:

$18k–36kper year

Explanation:

Answer:

Places responsibility at a lower level Places emphasis on local markets and problems. Improves coordination in a region Takes advantage of the economics of local operations. Face-to-face communication with local interests.

Answer:

1. D

2. A

3. C

4. B

Explanation:

Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services.

In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.

In Accounting, costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.

The various types of cost variance components and their definition includes the following;

1. Standard price: the expected price

2. Actual quantity: the input used to manufacture the quantity of output

3. Actual price: the amount paid to acquire input

4. Standard quantity: the expected input for the quantity of output

Answer: the grapevine

Explanation:

The options are:

a.social media

b.the company newsletter

c.the grapevine

d.upward communication

Since we are informed that even though the information about recent happenings in the company is confidential, that every employee in the company knows about what's happening and is anticipating major changes in the firm in the near future, we can say this is an informal means of communication which is also referred to as a grapevine.

Other options given in the question are wrong as they don't fit in into the question. Therefore, the correct answer is "grapevine".

Answer:

$10.80

Explanation:

Given that:

A first-period efficient allocation cost = $10

The constant marginal extraction cost  MEC for both periods = $2

The social discount rate (r) = 10%

∴

The efficient undiscounted market price for the 2nd period can be determined by using the formula:

[tex]P_1 - MEC_1 = \dfrac{P_2 -MEC_2}{1+r} \\ \\ \implies 10 -2 = \dfrac{P_2-2}{1+0.1} \\ \\ 8 = \dfrac{P_2-2}{1.1} \\ \\ P_2 -2 = 8 \times 1.1 \\ \\ P_2-2=8.8 \\ \\ P_2 = 8.8+2 \\ \\ \mathbf{P_2 = \$10.80}[/tex]

Answer:

onnie Flanagan's weekly gross pay is $1,250. Each week she has $64.37 in deductions, plus state tax of three percent of her gross pay, and Social Security

Answer:

THANKSSSSSSSSSSSSSSSSSSS SO MUCH

have a good day :)

Explanation:

Answer:

[tex] \infty \infty \infty \infty \infty \infty [/tex]