Answer:
Option (b) is correct.
Explanation:
The law of demand states that there is a negative relationship between the price of the product and the quantity demanded for the product. This means that as the price of ski lift tickets increases then as a result the quantity demanded for ski tickets decreases. Alternatively, if there is a fall in the price of ski tickets then as a result the quantity demanded for sky tickets increases.
In this situation, the company should Enter a debit of $1.85 in the Cash Over and Short account.
By doing this, the amount of difference will be covered on the adjustment that made on the account and the calculation for the net profit and cash flows will be back to the correct value,
Elmo would sign the check on the front signature line and Kris would sign the back side of the check to authorize it
Answer:
- Tax Examiner
-
Equal Opportunity Representative
Explanation:
Usually tax examiners perform tasks like: reviewing tax returns, contacting taxpayers, verify data through audits, evaluation financial information, notifying taxpayers about overpayments or underpayments.
Equal opportunity representative main role is to monitor and evaluate compliance with equal opportunity laws, which means that they must investigate employment practices or alleged violations of the Equal Opportunity Act and other laws and regulations that prohibit work discrimination.
Answer:
Allocated MOH= $888
Explanation:
Giving the following information:
The Customizing Department’s predetermined overhead rate is based on direct labor-hours.
Customizing
Direct labor-hours 8,300
Total fixed manufacturing overhead cost $83,000
Variable manufacturing overhead per direct labor-hour $4.80
Job T138:
Direct labor-hours 60
<u>First, we need to calculate the predetermined overhead rate:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (83,000/8,300) + 4.8
Predetermined manufacturing overhead rate= $14.8 per direct labor hour
<u>Now, we can allocate overhead to Job 138:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 14.8*60= $888