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Keith_Richards [23]
2 years ago
7

Sela traveled from her home in Flagstaff to San Francisco to seek specialized medical care. Because she was unable to travel​ al

one, her father accompanied her. Total expenses​included: Hotel room en route​ ($150 times× 2 rooms times× 3​ nights):​$900 ​Mileage, 1,000 miles Doctors bills in San Francisco: ​1,600 The total medical expenses deductible before the​ 10% limitation are...
Business
1 answer:
egoroff_w [7]2 years ago
5 0

Answer:

The total medical expenses deductible before the​ 10% limitation is 2090

Explanation:

Solution

Recall that:

The Total expenses included is stated as follows:

Th Hotel room  is = $150 * two rooms * three nights

Mileage of = $900,

Miles = 1000

Doctor's bill ins an Francisco = 1,600

Now,

To next step is to find the total medical expenses deductible before the​ 10% limitation is given as follows:

Doctor's bill = 1,600

The total expenses  i hotel room is calculated as :150 * 1 *3 = 450

So,

The total = 1600 + 450 = 2050

It is also important to know that only 10% of the expense stay for the accompanied person is permitted

Therefore,

450*10% =45

Total 2050+45 = 2090

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A consulting firm has a predetermined overhead rate of $120 per labor hour. The Smith job required 5 hours to compete. The overh
andriy [413]

Answer:

overhead cost = $600

Explanation:

given data

overhead rate = $120 per labor hour

time required = 5 hours

to find out

overhead cost

solution

we get here overhead cost  that is express as

overhead cost  = overhead rate ×  time required ..............1

put here value and we get

overhead cost = $120 × 5

overhead cost = $600

6 0
2 years ago
A company has the choice of either selling 1,000 unfinished units as is or completing them. The company could sell the unfinishe
professor190 [17]

Answer:

It is more convenient to sell the units unfinished by $500.

Explanation:

Giving the following information:

Units= 1,000

Unfinished:

Selling price= $4.00 per unit.

Complete:

Incremental costs= $1.00 per unit for direct materials, $2.00 per unit for direct labor, and $1.50 per unit for overhead

Selling price= $8.00 each.

We need to calculate the gross profit of each option and choose the more convenient:

Unfinished:

Gross profit= 1,000*4= $4,000

Complete:

Gross profit= 1,000*(8 - 4.5)= $3,500

It is more convenient to sell the units unfinished by $500.

5 0
2 years ago
Victryl Company applies overhead based on direct labor hours. At the beginning of the year, Victryl estimates overhead to be $70
yan [13]

Answer:

correct option is a. $1,700 over head applied

Explanation:

given data

overhead = $700,000

machine hours = 200,000

direct labor hours = 35,000

Feb, direct labor hours = 5,000

Feb, machine hours = 10,000

Feb, actual overhead = $98,300

solution

we know overhead rate that is

overhead rate = \frac{Budget overhead}{allocation base}

overhead rate = \frac{700000}{35000}

overhead rate = $20 per hours

and in Feb for 5000 direct labor hour

overhead =  5000 × $20  = $100,000

so

over head applied = $100,000 - $98300

over head applied = $1700

so correct option is a. $1,700 over head applied

8 0
2 years ago
Decide which statement best reflects a proper attitude on the first day of work. a. I should point out other workers who are not
serious [3.7K]

Answer:

c. I should listen closely when people talk to me

Explanation:

On one's first day of work, the goal would be to learn as much as possible about the new job. This is why it is important to listen closely to what people are saying so as to know more about the business

4 0
1 year ago
A company has an opening stock of 6,000 units of output. The production planned for the current period is 24,000 units and expec
Orlov [11]

Answer:

Explanation:

                                                Last year           Current year

Selling Price                      10                         10

Varaible Price                5                         6

Contribution Margin               5                               4

Break even is the point where total cost is equal to total revenue mean no profit and loss.

company earns the contribution margin after covering the variable cost, now only fix cost remains for break even.

Break Even using FIFO method :  first In first out system

Fix Cost                                                                            =     86000

contribution from opening units(6000*5)                            =     30000

Remaining Fix cost that should be Covered from

current year products                                                            =     56000

 

Units to be sold for break-even ( 56000/4)   = 14000

so we have break even units   6000+14000 = 20000

Fix cost                              = -86000

Opening 6000*5              = 30000

Current   14000*4             = 56000

Profit                                   = 0

Break Even using LIFO method : Last in first out

Fix Cost                                                                            =     86000

Break even =  Fix Cost / Contribution margin

Break even =  86000/4 =21500

current production is 24000 which is higher than break even units so we can cover the fix cost from current year production because company is using lifo method. we do not need opening units for the break even.

4 0
1 year ago
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