Answer:
$182,000
Explanation:
Given that,
Factory labor costs = $400,000
Indirect labor = $140,000
Predetermined overhead rate = 70% of direct labor cost
Actual overhead incurred = $230,000
Amount of overhead debited to Work in Process Inventory:
= (Factory labor costs - Indirect labor) × Overhead rate
= ($400,000 - $140,000) × 70%
= $260,000 × 70%
= $182,000
Therefore, the amount of overhead debited to Work in Process Inventory should be $182,000.
Answer:
The seven members of the Board of Governors of the Federal Reserve System are appointed by the U.S president and confirmed by the Senate
Explanation:
The seven members of the Board of Governors of the Federal Reserve System are nominated by the President and confirmed by the Senate. The Chairman and the Vice-Chairman of the Board are named by the President from among the members and are confirmed by the Senate. They serve a term of four years.
Answer:
Neha's opportunity cost of making a pizza is 0.67 gallons of root beer, and Teresa's opportunity cost of making a pizza is 0.71 gallons of root beer.
Neha has an absolute advantage in making pizza, and Neha has a comparative advantage in making pizza.
If Neha and Teresa trade foods with each other, Neha will trade away pizza in exchange for root beer. The price of pizza can be expressed in terms of gallons of root beer. The highest price at which pizza can be traded that would make both roommates better off is 0.71 gallons of root beer, and the lowest price that makes both roommates better off is 0.67 gallons of root beer per pizza.
Explanation:
Neha's opportunity cost to brew a gallon of root beer = 3/2 = 1.5 pizzas
Neha's opportunity cost to make a pizza = 2/3 = 0.67 gallons of root beer
Teresa's opportunity cost to brew a gallon of root beer = 7/5 = 1.4 pizzas
Teresa's opportunity cost to make a pizza = 5/7 = 0.71 gallons of root beer
Opportunity costs are extra costs or benefits lost that result from choosing one activity or investment over another alternative. E.g. in this case, Neha can either make 1.5 pizzas or 1 gallon of root beer during a 3 hour period, but she cannot make both of the together. She must choose one or the other.
$9,520
Explanation:
Calculation for to record goodwill on this purchase
Using this formula
Goodwill =Amount paid to acquire assets and liabilities-(Fair value of the assets-Fair value of its liabilities)
Let plug in the formula
Goodwill =$83,420-($89,200-$15,300)
Goodwill=$83,420-$73,900
Goodwill=$9,520
Therefore Longhorn should record goodwill on this purchase of:$9,520
True! companies examine the demographics of people in a population, then selectively pick out a demographic among the many for whom they want to target their products and services at
