Answer:
D. actual costs were $1,500 less than for the planned level of activity.
Explanation:
D. actual costs were $1,500 less than for the planned level of activity.
the budget depicted more $1500 expenses for certain units production.
Answer:
A. $0 gain, $36,000 basis
Explanation:
In the distribution, from the information given, Sarah does not recognize any gain or loss.
However, given that
She had $56000 basis at end of year prior to distribution.
Then receives $20000 from distribution after reallocating her basis in SF to cash in amount equal to distribution
Therefore,
Her basis left = 56000 - 20000
= $36000
Answer:
Jssjnsnss is a great place to work for and it is a great place to work for and it will help us out to the best of our experience as well as the best and fastest growing business in the
Answer:
Accounts
Wages Expense
Wages Payable
$100,000
$100,000
Explanation:
As the expense is accrued but not paid at the end of 2013. The transaction requires an adjusting entry. This will charge a wages expense and create the wages payable liability. Ultimately on January 3 it will be paid. Wages for the two weeks are $100,000 and the 14 days has been passed for the pay period until year end of 2013.
Answer:
$4,228,125
Explanation:
The computation of the included amount is shown below:
= Estimated production in a next year × required direct labor per hour × labor rate per hour
= 75,000 units × 4.1 hours × $13.75 per hour
= $4,228,125
We simply multiplied the estimated production with the required direct labor per hour and the labor rate per hour so that the estimated value can arrive
