The 10% bonds payable of Kim Company had a net carrying amount (carrying value) of $2,850,000 on July 2, 2021. The bonds, which had a face value of $3,000,000, were issued at a discount to yield 12%. The amortization of the bond discount was recorded under the effective-interest method. Interest was paid on January 1 and July 1 of each year. On July 2, 2021, several years before their maturity, Kim retired the bonds at 101. The interest payment on July 1, 2021 was made as scheduled. What is the loss that Kim should record on the early retirement of the bonds on July 2, 2021

Answers

Answer 1

Answer:

-$159,000

Explanation:

Calculation to determine the loss that Kim should record on the early retirement of the bonds on July 2, 2021

First step is to calculate the CV of bonds

CV of bonds =$2,850,000 + [($2,850,000 × 12%/2) – ($3,000,000 × 10%/2)]

CV of bonds =$2,850,000 + [($2,850,000 × .06) – ($3,000,000 × .05)]

CV of bonds =$2,850,000 +($171,000-$150,000)

CV of bonds =$2,850,000 +$21,000

CV of bonds =$2,871,000

Now let determine the Loss

Loss=$2,871,000 – ($3,000,000 × 1.01)

Loss=$2,871,000 – $3,030,000

Loss= -$159,000

Therefore the loss that Kim should record on the early retirement of the bonds on July 2, 2021 is $159,000


Related Questions

g A company has beginning inventory of 16 units at a cost of $24 each on February 1. On February 3, it purchases 34 units at $26 each. 22 units are sold on February 5. Using the FIFO periodic inventory method, what is the cost of the 22 units that are sold

Answers

Answer:

$188

Explanation:

FIFO method assumes that the units to arrive first will be sold first. Hence the cost of sales will be valued using the prices of earlier or older units.

Cost of Sales = 16 units x $24  + 6 units x $26

                      = $188

Thus,  the cost of the 22 units that are sold is $188.

Unilever has a subsidiary in Japan. The valuation of this MNC should
rise when an event causes the expected cash flows from Japan to ____
and when JPY is expected to ____.

Answers

Answer: increase; appreciate.

Explanation:

A multinational firm is regarded as a firm that's located in different countries. It should be noted that the valuation of this multinational company should

rise when there's an event that causes the expected cash flows from Japan to increase and also when the currency JPY is expected to appreciate. Appreciate her simply means when there's an increase in the value of JPY.

The Most Brilliant Professor Mullen Company's past experience indicates that 60% of its credit sales are collected in the month of sale, 30% in the next month, and 5% in the second month after the sale; the remainder (5%) is never collected. Budgeted credit sales were: January $240,000 February 144,000 March 360,000 The cash inflow (CRJ) in the month of March is expected to be A) $271,200. B) $205,200. C) $216,000. D) $259,200.

Answers

Answer: A. $271,200

Explanation:

Cash inflow in March will be:

= (60% * March sales) + (30% * February sales) + (5% * January sales)

= (60% * 360,000) + (30% * 144,000) + (5% * 240,000)

= 216,000 + 43,200 + 12,000

= $271,200

QS 8-4 Units-of-production depreciation LO P1 On January 1, the Matthews Band pays $65,800 for sound equipment. The band estimates it will use this equipment for four years and perform 200 concerts. It estimates that after four years it can sell the equipment for $2,000. During the first year, the band performs 45 concerts. Compute the first-year depreciation using the units-of-production method.

Answers

Answer:

$14,355

Explanation:

Activity method based on output = (output produced that year / total output of the machine) x (Cost of asset - Salvage value)

(45/200) x ($65,800 - $2000) =

0.225 x 63800

$14355

When real GDP grows more slowly than potential GDP, labor productivity falls. the unemployment rate rises. nominal GDP rises. the unemployment rate falls.

Answers

Answer:

the unemployment rate rises.

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Potential GDP is the GDP of an economy when labour and capital are employed at their sustainable rate.

Real GDP has been adjusted for inflation. It reflects the value of goods and services produced in an economy.

When the real GDP of an economy grows more slowly than potential GDP, it means that the resources in the economy, labour and capital are not employed at their sustainable rate. This is referred to as output gap. As a result of the output gap, the unemployment level rises

Customers exhibit a Poisson arrival distribution and the barber must provide an exponential service distribution. Market data indicates that customers arrive at a rate of 2 per hour. It will take an average of 20 minutes to give a haircut, and that business would remain unchanged with customers arriving at a rate of two per hour. Find the following information to help Benny decide if a second chair should be added:

a. The average number of customers waiting.
b. The average time a customer waits.
c. The average time a customer is in the shop.

Answers

Answer: the answer is b

Explanation:

A company produces a single product. Variable production costs are $12.50 per unit and variable selling and administrative expenses are $3.50 per unit. Fixed manufacturing overhead totals $41,000 and fixed selling and administration expenses total $45,000. Assuming a beginning inventory of zero, production of 4,500 units and sales of 3,850 units, the dollar value of the ending inventory under variable costing would be: Multiple Choice $10,400 $5,850 $8,125 $13,975

Answers

Answer:

the third option is correct - $8,125

Explanation:

The calculation of the ending inventory under variable costing is given below:

Ending inventory value (Variable costing) os

= Variable production cost per unit × No. of units

= $12.50 × (4,500 - 3,850)  

= $8,125,

Hence, the ending inventory under variable costing is $8,125

Therefore the third option is correct

Cash Dividends on Common and Preferred Stock Lemon Inc. has the following information regarding its preferred and common stock: Preferred stock, $30 par, 12% cumulative; 300,000 shares authorized; 150,000 shares issued and outstanding Common stock, $2 par; 2,500,000 shares authorized; 1,200,000 shares issued; 1,000,000 outstanding As of December 31, 2019, Lemon was 3 years in arrears on its dividends. During 2020, Lemon declared and paid dividends. As a result, the common stockholders received dividends of $0.45 per share. Required: 1. What was the total amount of dividends declared and paid during 2020? Total dividends declared and paid $fill in the blank c3f04df87fe8040_1 2. During 2020, what journal entry was made at the date of declaration?

Answers

Answer:

1. $2,610,000

2. Dr Dividends $2,610,000

Cr Dividends Payable $2,610,000

Explanation:

1. Calculation to determine the total amount of dividends declared and paid during 2020

Arrear Preferred Dividends $1,620,000 (150,000*30*12%*3 years)

Add Current Preferred Dividends $540,000 (150,000*30*12%)

Add Common stock Dividends $450,000 (1,000,000*$0.45 )

Total amount of dividends declared and paid $2,610,000

Therefore the total amount of dividends declared and paid during 2020 is $2,610,000

2. Preparation of the journal entry was made at the date of declaration

Dr Dividends $2,610,000

Cr Dividends Payable $2,610,000

Required: 1. What was ? Total dividends declared and paid $fill in the blank c3f04df87fe8040_1 2. During 2020, what journal entry was made at the date of declaration?

The production possibilities model illustrates an inverse relationship between two goods or services because Group of answer choices of diminishing returns. some goods are more difficult to produce that others. the opportunity cost of producing more of something will rise. production of different types will compete for limited resources.

Answers

Answer:

production of different types will compete for limited resources.

Explanation:

The production possibilities curve (PPC) is also known as the production possibilities frontier (PPF) and its a curve which illustrates the maximum (best) combinations of two products that can be produce in an economy if they both depend on these factors;

1. Technology is fixed.

2. Resources are fixed.

Hence, the production possibilities curve represents maximum combinations of products available with fixed resources and technology.

Additionally, the production possibilities curve influences the choice of production used by companies and as such it helps to make the best decision regarding the optimum product mix for a company.

Basically, the production possibilities model illustrates an inverse relationship between two goods or services (an increase in the production of one good or service results in a decrease in the production of another and vice-versa) because production of different types will compete for limited resources.

This ultimately implies that the manufacturing or production of one item (product) is likely to rise or increase provided the production of the other item (product) falls or decreases.

Fore Farms reported a pretax operating loss of $137 million for financial reporting purposes in 2021. Contributing to the loss were (a) a penalty of $5 million assessed by the Environmental Protection Agency for violation of a federal law and paid in 2021 and (b) an estimated loss of $12 million from accruing a loss contingency. The loss will be tax deductible when paid in 2022. The enacted tax rate is 25%. There were no tem

Answers

Answer: Hello your question is incomplete attached below is the complete question

answer:

1) attached below

2) Net operating income ( loss )  = - $104 million

Explanation:

Pretax operating loss = - $137 million

Non deductible Losses ; $5 million fine paid in 2021 ,

estimated $12 million loss from contingency that will be tax deductible in 2022

Enacted tax rate = 25%

Taxable operating income = - $120 million

attached below is the solution

On August 1, Batson Company issued a 60-day note with a face amount of $49,800 to Jergens Company for merchandise inventory. (Assume a 360-day year is used for interest calculations.) a. Determine the proceeds of the note assuming the note carries an interest rate of 8%. fill in the blank 1 b. Determine the proceeds of the note assuming the note is discounted at 8%.

Answers

Answer: See explanation

Explanation:

a. Determine the proceeds of the note assuming the note carries an interest rate of 8%.

The proceeds of the note is the face value which is $49800.

b. Determine the proceeds of the note assuming the note is discounted at 8%.

Face amount: $49800

Less: Interest = $49800 × 8% × 60/360 = $664

Proceed of the note = $49136

pls help me with in this i just want the 3 and 4th one...​

Answers

Answer:

3. The special concept reminded by the phrase "Exchanging Butter Cake for Dates" is:

Trade by barter.

4. The need fulfilled by this business is people's demand for Cake.

The want fulfilled by this business is the organization's supply of dates for its production of cake.

Explanation:

A trade by barter involves the exchange of one good or service by one trading party for another good or service from the coincidental trading party without the use of money or monetary mediums.  Trade by barter enables people without money to fulfill their needs.  The major problem with trade by barter is that there must be coincidence of wants by the two trading partners.  This is not always feasible.

An important feature of a job order cost system is that each job:_______.
a. must be similar to previous jobs completed .
b. must be completed before a new job is accepted.
c. consists of one unit of output
d. has its own distinguishing characteristics .

Answers

Answer:

D

Explanation:

it has it's own distinguishing characteristics ....Form used to record the cost chargeable to a specific job and to determine the total and unit cost of the completed job

Marwick Corporation issues 8%, 5-year bonds with a par value of $1,100,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 6%.
What is the bond's issue (selling) price, assuming the following Present Value factors:
1n = i = Present value of an annuity Present value of 1
(Series of payments) (Single sum)
5 8% 3.9927 0.6806
10 4% 8.1109 0.6756
5 6% 4.2124 0.7473
10 3% 8.5302 0.7441

Answers

Answer: $1,193,838.80

Explanation:

The price of a bond is the sum of the present value of the coupon payments and the face value at maturity.

= Present value of coupon payments + Present value of face value at maturity

First adjust the variables for semi-annual:

Number of periods = 5 * 2 = 10 semi annual periods

Coupon payment = 8% * 1,100,000 * 1/2 years = $44,000

Yield = 6% / 2 = 3%

Present value of coupon payments:

The coupon payments are constant so are an annuity:

= Annuity * Present value of an annuity factor, 10 periods, 3%

= 44,000 * 8.5302

= $375,328.80

Present value of face value

= 1,100,000 * Present value of 1, 3%, 10 periods

= 1,100,000 * 0.7441

= $818,510

Selling price:

= 375,328.80 + 818,510

= $1,193,838.80

Selected financial information for Solomon Company for 2019 follows:
Sales $ 2,500,000
Cost of goods sold 1,750,000
Merchandise inventory
Beginning of year 154,000
End of year 200,000
Required
Assuming that the merchandise inventory buildup was relatively constant, how many times did the merchandise inventory turn over during 2019? (Round your answer to 2 decimal places.)
Merchandise inventory turnover _________ times

Answers

Answer:

9.89 times

Explanation:

Calculation to determine the merchandise inventory turn over during 2019

First step is calculate the Average Inventory using this formula

Average Inventory = (Opening Inventory + Closing Inventory) / 2

Let plug in the formula

Average Inventory= (154,000 + 200,000) / 2

Average Inventory= 354,000 / 2

Average Inventory= 177,000

Now let determine the Merchandise Inventory Turnover using this formula

Merchandise Inventory Turnover = Cost of goods sold/ Average Inventory

Let plug in the formula

Merchandise Inventory Turnover= 1,750,000 / 177,000

Merchandise Inventory Turnover= 9.89 times

Therefore Assuming that the merchandise inventory buildup was relatively constant, the merchandise inventory turn over during 2019 is 9.89 times

On December 1 of 2017, APU, a U.S. company, makes a sale to a Spanish customer. Sales price is 1,600,000 euro, and the spot rate is $1.45 per euro. APU allows the customer 3 months to pay On March 1 of 2018, APU collects the sales amount with spot rate $1.49 per euro.
Prepare the journal entries.

Answers

Answer:

APU

Journal Entries:

December 1, 2017:

Debit Accounts receivable $2,320,000

Credit Sales Revenue $2,320,000

To record the sale of goods on account.

March 1, 2018:

Debit Cash $2,384,000

Credit Accounts receivable $2,320,000

Credit Gain from Foreign Exchange $64,000

To record the receipt of cash, including the gain from forex.

Explanation:

a) Data and Analysis:

December 1, 2017: Accounts receivable $2,320,000 Sales Revenue $2,320,000 (1,600,000 * $1.45)

March 1, 2018: Cash $2,384,000 (1,600,000 * $1.49) Accounts receivable $2,320,000 Gain from Foreign Exchange $64,000 (1,600,000 * ($1.49 - $1.45)

Pattison Products, Inc., began operations in October and manufactured 40,000 units during the month with the following unit costs:
Direct materials $5.00
Direct labor 3.00
Variable overhead 1.50
Fixed overhead 7.00
Variable marketing cost 1.20
Fixed overhead per unit 1.20
Total fixed factory overhead is $280,000 per month. During October, 38,400 units were sold at a price of $24, and fixed marketing and administrative expenses were $130,500.
Required:
1. Calculate the cost of each unit using absorption costing.
2. How many units remain in ending inventory? What is the cost of ending inventory using absorption costing?
3. Prepare an absorption-costing income statement for Pattison Products, Inc., for the month of October.

Answers

Answer:

Following are the responses to the given question:

Explanation:

For question 1:

Calculating the cost per unit:

[tex]\text{Direct material}\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$5\\\\\text{Direct labor} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$3\\\\\text{Variable overhead}\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$1.5\\\\\text{Fixed overhead}\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$7\\\\\text{Cost per unit}\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$16.5\\\\[/tex]

For question 2:

Calculating the ending inventory units:

[tex]= \text{Beginning inventory + units produced - ending inventory}\\\\= 0+40,000-38,400\\\\= 1600\ units\\\\[/tex]

Calculating the cost for the Ending inventory:

[tex]=1600\ units \times \$16.5\\\\=\$26,400\\\\[/tex]

For question 3:

Calculating the absorption costing for the income statement:

Particular                                             Amount

Sales [tex](38,400\times \$24)\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$921,600[/tex]

-COGS[tex](38,400\times \$16.5)\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$633,600[/tex]

Gross profit                                          [tex]\$288,000[/tex]

Cost of variable marketing  [tex](\$1.2\times 38,400)\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$46,080[/tex]

marketing and administrative costs are fixed [tex]\$130,500[/tex]

Net income                                            [tex]\$111,420[/tex]

Common property resources like fish stocks in open waters tend to be overutilized because :________.
A. the marginal social cost is always equal to the private marginal cost.
B. the marginal social cost is less than the private marginal cost.
C. the marginal social cost is greater than the private marginal cost.
D. none of the above.

Answers

Answer:

C. the marginal social cost is greater than the private marginal cost.

Explanation:

In the case when there is common property resources such as the fish stock that lies in the open waters should be overutilized as the marginal social cost should be more than the private marginal cost because if there is high utlization so it will make the problem in the environment also the cost should be borne by the present and upcoming generations

Therefore the option c is correct

Total planned expenditure (equals total output) is 14,000 when autonomous consumption expenditure is 450. When autonomous consumption expenditure falls to 400, total planned expenditure (equals total output) is 13,800. The marginal propensity to consume is _______. A) 0.89 B) 0.75 C) 0.99 D) 0.44

Answers

Answer:

The marginal propensity to consume = 0.25

Explanation:

Given:

Planned expenditure = 14,000

Consumption expenditure = 450

New consumption expenditure = 400

New planned expenditure = 13,800

Find:

The marginal propensity to consume

Computation:

The marginal propensity to consume = [Consumption expenditure - New consumption expenditure] / [Planned expenditure - New planned expenditure]

The marginal propensity to consume = [450 - 400] / [14,000 - 13,800]

The marginal propensity to consume = 50 / 200

The marginal propensity to consume = 0.25

Summarise the five (5) types of directors in incorporated companies.

Answers

alternate director, chair, de facto director, executive director, non-executive director, independent director, lead director, managing director, nominee director and shadow director.

Prepare journal entries to record each of the following sales transactions of a merchandising company. Show supporting calculations and assume a perpetual inventory system.
Apr. 1 Sold merchandise for $2,000, granting the customer terms of 2/10, End of Month; invoice dated April 1. The cost of the merchandise is $1,400.
Apr. 4 The customer in the April 1 sale returned merchandise and received credit for $500. The merchandise, which had cost $350, is returned to inventory.
Apr. 11 Received payment for the amount due from the April 1 sale less the return on April 4.

Answers

Answer:

Apr 01

Dr Accounts receivable $2,000

Cr Sales $2,000

Apr 01

Dr Cost of goods sold $1,400

Cr Merchandise inventory $1,400

Apr 04

Dr Sales returns and allowances $500

Cr Accounts receivable $500

Apr 04

Dr Merchandise inventory $350

Cr Cost of goods sold $350

Apr 11

Dr Cash $1,500

Cr Accounts receivable $1,500

Explanation:

Preparation of the journal entries to record each of the following sales transactions of a merchandising company

Apr 01

Dr Accounts receivable $2,000

Cr Sales $2,000

Apr 01

Dr Cost of goods sold $1,400

Cr Merchandise inventory $1,400

Apr 04

Dr Sales returns and allowances $500

Cr Accounts receivable $500

Apr 04

Dr Merchandise inventory $350

Cr Cost of goods sold $350

Apr 11

Dr Cash $1,500

Cr Accounts receivable $1,500

($2,000-$500)

The maximum price that can be asked for the new jPad model is $2,000 at which point they would sell 0 units. It costs Pear $600 to manufacturer and deliver these jPads to their stores. Determine the optimal price for this new jPad, which can be assumed to operate in a monopoly (at least upon introduction).

Answers

Answer: $700

Explanation:

Based on the information given in the question, the optimal price for this new jPad, which can be assumed to operate in a monopoly will be calculated thus:

P = 2000+Q

TR = P × Q

TR = (2000 + Q) × Q

TR = 2000Q + Q²

MR = 2000 + 2Q

MC = 600

Since marginal revenue equals to marginal cost, this will be:

MR = MC

2000+2Q = 600

2Q = 2000 - 600

2Q = 1400

Q = 1400/2

Q = 700

A stronger euro is less favorable for:

Answers

Group of answer choices.

A. German tourists traveling abroad.

B. American tourists traveling in France.

C. Canadian firms selling in Germany.

D. Canadian investors with money investments in Germany.

Answer:

B. American tourists traveling in France.

Explanation:

A foreign exchange market can be defined as a type of market where the currency of a country is converted to that of another country.

For example, the conversion of the United States of America dollars into naira, rands, yen, pounds, euros, etc., at the foreign exchange market.

In this context, a stronger euro is less favorable for American tourists traveling in France because the currency of the Americans, which is the U.S dollars would exchange at a far lesser rate to the euros.

However, a stronger euro would be more favorable for German tourists that are traveling abroad, Canadian firms that trade or sells its products in Germany, and Canadian investors who are having money investments in Germany.

Note: Euro is the official currency (legal tender or money) of Germany.

Considering the available options, a stronger euro is less favorable for "American tourists traveling in France."

This is because the United States of America uses the dollar as currency, while European countries, including France, are using Euro.

Thus, should an American carry dollar to France, and meets a stronger Euro, has a value of money (dollar) would be reduced, and therefore would be less favorable to him.

Option A is wrong because German tourists traveling abroad are favorable to the German as the Euro is stronger.

Option C is wrong because Canadian firms selling in Germany would earn in Euro, thereby getting money with more value.

Option D is wrong because Canadian investors with money investments in Germany would earn in Euro.

Hence, in this case, it is concluded that the correct answer is option B. "American tourists traveling in France."

Group of answer choices.

A. German tourists traveling abroad.

B. American tourists traveling in France.

C. Canadian firms selling in Germany.

D. Canadian investors with money investments in Germany.

Learn more here: https://brainly.com/question/1437489

The rate of earnings is 6% and the cash to be received in 4 years is $20,000. The present value amount, using the following partial table of present
value of $1 at compound interest is
Year
6%
10%
12%
1
0.943
0.909
0.893
2
0.890
0.826
0.797
3
0.840
0.751
0.712
4
0.792
0.683
0.636
a. $12.720
Ob. $16,800
Oc. 513,660
Od. $15.840

Answers

Answer:

$15,840

Explanation:

Present value = Future value / (1 + r)^n

Rate, r = 6% = 0.06

Future value = $20,000

Number of years, n = 4

Present value = $20000 / (1 + 0.06)^4

Present value = $20000 / 1.06^4

Present value = $20,000 / 1.26247696

Present value = $15841.873

Using the partial table of present values :

Present value = Future value * PV(6%, 4)

PV at 6%, 4 years = 0.792

Present value = $20,000 * 0.792 = $15,840

what is the various nation income meature

Answers

Explanation:

Concept of National Income

The National income is the total amount of income accruing to a country from economic activities in a year time. It includes payments made to all resources either in the form of wages, interest, rent, and profit.

Is increasing the entrepreneurial orientation of a firm always a good thing? ​

Answers

Answer:

Not always. It's a good thing to develop new business opportunities, but not if it leads to too many inefficiencies connected to resources and learning curves.

The biggest question Sally has for you is about recovering the initial capital invested which she wishes to bundle as the initial building and land costs well as the future roof and common area expenses. The income stream for the apartment complex is only monthly rent money. How much should she charge for monthly rent in order to at least recover the bundled capital invested

Answers

Answer:

Sally should charge $1,280 per month for 18 months.

Explanation:

Sally has bought the land for $8,000 and she has invested in constructing the building  $12,040. She has further invested  $2,000 for future roof and common area expenses amount to  $1,000. The total capital she has invested is  $23,040. She should charge  $1,280 per month for next 18 months in order to cover the bundled capital investment.

Wang Co. manufactures and sells a single product that sells for $540 per unit; variable costs are $324 per unit. Annual fixed costs are $836,000. Current sales volume is $4,290,000. Management targets an annual pre-tax income of $1,215,000. Compute the unit sales to earn the target pre-tax net income.

Answers

Answer: 9,495 units

Explanation:

First find the contribution margin:

= Sales price - Variable cost

= 540 - 324

= $216 per unit

The unit sales required can be calculated by the formula:

= (Annual pre-tax income target + Fixed cost) / Contribution margin

= (1,215,000 + 836,000) / 216

= 9,495.37 units

= 9,495 units

On July 1, Sterns Co. acquired patent rights for $36,000. The patent has a useful life of 6 years and a legal life of 15 years.
Required:
Journalize the adjusting entry on December 31 to recognize the amortization. Refer to the Chart of Accounts for exact wording of account titles.

Answers

Answer:

Dr Amortization Expense $3,000

Cr Patents $3,000

Explanation:

Preparation of the journal adjusting entry on December 31 to recognize the amortization.

Dec. 31

Dr Amortization Expense $3,000

Cr Patents $3,000

(To record Amortization)

Amortization=(Patent rights/Useful life)*6/12

Amortization=($36,000/6)*6/12

Amortization=$3,000

(July 1 to Dec 31 =6months)

Bramble Corp. is planning to sell 1200 boxes of ceramic tile, with production estimated at 1170 boxes during May. Each box of tile requires 44 pounds of clay mix and a 0.50 hour of direct labor. Clay mix costs $0.40 per pound and employees of the company are paid $10 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Bramble has 3200 pounds of clay mix in beginning inventory and wants to have 4100 pounds in ending inventory. What is the total amount to be budgeted for manufacturing overhead for the month

Answers

Answer: $6,435

Explanation:

Manufacturing overhead is applied at a rate of 110% of direct labor costs.

Direct labor costs:

= Budgeted number of boxes to be produced* number of direct labor hours required * employee salary per hour

= 1,170 * 0.50 * 10

= $5,850

Manufacturing overhead is 110% of this:

= 5,850 * 110/100

= $6,435

Other Questions
How many grams of magnesium chloride can be produced from 2.30 moles of chlorine gas reacting w excess magnesium Mg(s)+Cl2(g)->MgCl2(s) Indicate whether each statement is true or false: 1. Compliance is the tendency for blood vessel volume to increase as blood pressure decreases. True 2. Blood vessels with a large compliance exhibit a small increase in volume when the pressure increases a small amount. True 3. Venous compliance is approximately 24X greater than arterial compliance, so as venous pressure increases the volume of veins greatly increases. True Write the polynomial in standard form. Then name the polynomial based on its degree and number ofterms.y-7y3 + 15y9 Please please help me with this please please how many rings does saturn have The author uses the scaffold in the center of the town for three dramatic points in the story. Explain the significance of these three incidents.(In the book Scarlet Letter) Short Questions: a) What is website? How can we browse internet using website? find the area of the circle use 3.14 for pi d=4 m dialogue between the Bacteriologist and the pale-facedman who stole the germs of cholera or between BlackHat and the Bacteriologist to be enacted as a role-paly inclass. For a scientific theory to be valid, it must allow you toO perform experimentsobtain new results each time.find a new, more complex explanationMake predictions Why have courts changed their treatment of young offenders since the early 1900s? A. They have determined that young offenders should receive no special treatment. B. They have focused on ways to help young offenders instead of punishing them. C. They have removed constitutional protections meant to help young offenders. D. They have allowed parents to decide on the final punishmen young offenders. if it's correct you get brainliest ASAP HELP!! IF YOUVE DONE THIS COULD YOU DO THIS FOR ME!!In this activity , you'll write a reading guide about a poem or song of your choice Consider the guide a "cheat sheet " that will give the basic information about the work , particularly its imagery , figurative language , meter , rhyme scheme , and meaning Mi amiga Rosa Mara es Escoge: . Ella y su esposo viven opens in a dialog en Chicago. Su esposo se llama Antonio. When comparing Be2 and H2: I. Be2 is more stable because it contains both bonding and antibonding valence electrons. II. H2 has a higher bond order than Be2. III. H2 is more stable because it only contains 1s electrons. IV. H2 is more stable because it is diamagnetic, whereas Be2 is paramagnetica. II,III,IVb.II,IIIc.III onlyd.I,IIe.III,IV. Describe the similarities and differences between the cheek cell wet mount and dental plaque wet mount. Find the slope of the line that passes through (-26, 9) and (32, 71). what aspect of the US justice system has its roots in Jewish scripture? what did Ganeshman Singh mean when he said history cannot be bent decribe your favorite room If x^2-ax+b and x^2-cx+d both have a factor x-m prove that m=d-b/c-a