Answer:
Total cost= $3,595
Explanation:
Giving the following information:
Estimated fixed overehad= $155,000
Estimated variable manufacturing overhead= $3.40 per machine-hour
Estimated machine-hours= 50,000
Job A881:
Total machine-hours 100
Direct materials $645
Direct labor cost $2,300
First, we need to calculate the predetermined overhead rate:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= (155,000/50,000) + 3.4
Estimated manufacturing overhead rate= $6.5
Total cost= direct material + direct labor + allocated overhead
Total cost= 645 + 2,300 + (6.5*100)
Total cost= $3,595
Answer:
June 30
Explanation:
According to the revenue recognition principle, the sale is made when it is earned, not when it is received by the customer. That means it follows the accrual basis of accounting, not the cash basis of accounting.
In the given situation, On June 30 the printing shop provides service to a customer for $1,000, On July 5 it sent a bill and on July 25, the amount is received by the customer.
So, The $1,000 would be recognized on June 30 when the sale is made by the printing shop
Answer:
Highland construction company
Income statement
For the year ended December 31, 2014
Sales revenue=128,400
Total expense=80,200
Pretax income=48,200
Tax =14,460
Net income =33,740
Highland construction company
Statement of stockholder's equity
For the year ended December 31,2014
Balance December 31,2013=0
Stock issuance =87,000
Add:Net income
Less:Dividends
Balance December 31,2014=87,000
Highland construction company
Balance sheet
December 31,2014
Account payable=46,140
Salaries payable=2,520
Total liabilities
Common stock=87,000
Retained earnings=23,740
As complete information is not given so only relevant portion is done.
Answer:
Option A
Explanation:
In simple words, Firmographics refers to the descriptive characteristics of businesses which can be utilized to classify different companies into relevant sections of the market. We identify companies, pseudo-profits, and government bodies. Basically, firmographics are something that surveys are for individuals to companies and organisations.
Firmographic factors enable companies to deem in specifics the characteristics of organisational behaviour, for example in a specific industry. It is beneficial where their is no substantial difference among operational variables, buying strategy, contextual factors and consumer personal attributes.
