Answer:
A. The amount of fixed overhead deferred in inventories is $60,000
Explanation:
Unit product cost
Year 1 Year 2
Direct materials $12 $12
Direct labor $5 $5
Variable manufacturing
overhead $5 $5
Fixed overhead
$48 $36
($432,000 ÷ 9,000) ($432,000 ÷ 12,000)
unit product cost $70 $58
Fixed overhead deferred (1,000 × $48) $48,000
Fixed overhead released -$48000
Fixed overhead deferred (3000 × $36) $108,000
Net $48,000 $60,000
The amount of fixed overhead deferred in inventories is $60,000
Answer:
In the late 1960s and the early 1970s, the _texas bar association_ and the _texas association of realtors_ attempted to resolve the dispute by agreeing to several earnest money contracts that would be acceptable for real estate practitioners to use in their daily business.
Explanation:
(Texas Bar) is a judicial body which is under the Supreme Court's administrative control. They shall assist the Texas Supreme Court with the supervision of all lawyers in Texas. It is America's fifth largest lawyer group.
The association of realtors is an organised group that protects the rights of realtors and also lays down some ground rules for all realtors to abide.
Answer:
1. $70
2. $106.42
Explanation:
(1) Variable manufacturing cost per unit:
= Direct labor + Direct material + Variable overhead
= $10 + $34 + $26
= $70
(2) Full cost per unit:
= Direct labor + Direct material + Variable overhead + Variable selling cost + (Fixed ÷ 1,200)
= $10 + $34 + $26 + $5 + [(19,500 + 18,200) ÷ 1,200)]
= $75 + $31.42
= $106.42
Answer: Option (D) is correct.
Explanation:
If the potential GDP is 70 and economy is in recession. Potential GDP is the GDP of an economy which can be achieved with the best utilization of economy's resources.
The amount of the shortfall in planned aggregate expenditure is equal to the vertical distance between the 45 degree line and the AE = Y, at a level of potential real GDP.
This is also shown by an arrow in the diagram.
Answer:
The disadvantages of cloud back-ups are:
- It is relatively more expensive
- Its' efficiency depends totally on the speed of the internet service provider. If the provider of the service has slow bandwidth and the internet is slow, then it may take a very long time to retrieve the backups.
- Where there is no internet access at all, it becomes impossible to get the back-ups.
Explanation:
When companies opt to save a copy of their data on a location other than their physical location such as a remote server, it is referred to as Cloud-Backup. On-site back-ups on the other hand entail saving company data on a physical apparatus such as disks, drives, etc.
Data back-up is essential to maintain business continuity. If a business such as a telecommunications company lost all of its data including those of its customers, it most likely will go belly-up.
Another reason why people opt for Cloud-backup is that it saves the offers increased security and ease of maintenance.
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