Answer:
According to law, the gift in lifetime means that the asset is legally owned by the person who receives the gift. But in this case, Larry has died and had left his assets behind which has to be distributed according to his will statement and the residue will belongs to his family members. The first thing here is the inheritance tax payment on these assets must be paid by the Owner Kari to have the right to use this asset.
Answer:
200
Explanation:
you will get 200 dollars
Answer:
$2,000
Explanation:
The cost incurred by an entity during production may be recognized in two groups namely the fixed costs and the variable cost.
While the fixed cost are cost elements that remain constant at a given range of activity levels, the variable cost change as the activity level (that is the units produced) changes.
The rental cost, supervision and depreciation are cost elements that are fixed.
Hence where 5,000 units were produced, budgeted cost for rent is $2,000.
The budgeted cost for rent would remain at $2,000 even if Laramie, Inc. produces 5,000 units. This is because rent falls under fixed costs, which do not vary with the level of production.
The question is asking for the budgeted costs for rent if 5,000 units were produced by Laramie, Inc. Here, it's important to differentiate between variable costs and fixed costs. Variable costs, including labor and raw materials, increase or decrease with output levels; they vary with the number of units produced. Fixed costs, on the other hand, like rent and depreciation, are expenditures that remain constant regardless of the level of production. From the provided data, we can see that the budgeted fixed overhead for rent is $2,000. This cost does not change with the number of units produced. So, even if 5,000 units are produced, the budgeted cost for rent would still be $2,000.
#SPJ3
Answer:
A. Customers play important productive roles especially in the creation and delivery of some repeatable services. The roles a customer plays "as a productive resource for the firm" include:
1. The customers act as some partial employees in enhancing the productivity of the firm.
2. The customers contribute to the organization by supplying their valuable time, effort, ideas, and other resources.
3. Without customers playing productive roles, some services cannot be provided to them. Sometimes, the customers actively serve themselves. A typical example is at restaurants and other self-service firms.
4. Customers suggest valuable solutions to resolve some product and service problems.
B. At shopping malls, and even calling for the services of a plumber or electrician,the customer serves in many ways. She pushes the trolley around to pick the goods she requires and afterward, pushes them to the cashier for payment. She helps the plumber or electrician with repair materials or make suggestions on how to solve repair problems.
C. The customer sometimes feel that the plumber or electrician would mess up the repairs without their thoughtful input.
D. Some firms help the customer to perform this role as "a productive resource" when they provide serviceable trolleys for shopping or when they send in some respectful and competent repair people, who dress decently without oozing some offending odor.
Explanation:
It is only some discourteous firms that do not recognize that their customers play an important role as a productive resource. For some service organizations, their services cannot be consummated without the active participation of the customer. It is, therefore, imperative that firms help their customers to perform this role effectively and efficiently.
The customer can act as a productive resource for a firm through co-creation of value. This involves a customer actively participating through offering ideas, suggestions, and feedback, or even taking part in the production process. An example is participating in a customer survey for a restaurant, where the feedback provided helps shape the restaurant’s services and offerings.
In the context of a business, a customer can also act as a productive resource. This is often referred to as co-creation of value. It means that a customer could directly or indirectly be involved in the production process of the goods or services that they consume. This involvement could come in the form of ideas, suggestions, feedbacks, or active participation in the production process.
For instance, let’s say I once participated in a customer survey for a restaurant where I frequently dine. My feedback about their menu, services, and ambience shaped their decision-making process to some extent. This made me feel valued and part of the restaurant's growth and improvement, which is a positive feeling. The restaurant helped me to perform my role effectively by encouraging feedback, implementing suggestions, and communicating subsequent changes. This reciprocal relationship benefited both me as a customer and the restaurant as a business.
#SPJ11
Direct Labor Hours: 600,000 550,000
Manufacturing Overhead Estimated $720,000 $680,000
Answer:
Underapplied overhead= $20,000
Explanation:
Giving the following information:
Estimated Actual
Direct Labor Hours: 600,000 550,000
Manufacturing Overhead Estimated $720,000 $680,000
I assume that we need to calculate the over/under applied overhead.
First, we need to determine the predetermined overhead rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 720,000/600,000
Predetermined manufacturing overhead rate= $1.2 per direct labor hour
Now, we apply overhead based on actual hours:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 1.2*550,000
Allocated MOH= $660,000
Finally, the under/over applied overhead:
Under/over applied overhead= real overhead - allocated overhead
Under/over applied overhead= 680,000 - 660,000
Underapplied overhead= $20,000
FICA - Social Security
FICA -Medicare
FUTA
SUTA
Prepare the journal entry to record Regis Company's January 8 (employee) payroll expenses and liabilities. (Round your answers to 2 decimal places.)
Prepare the journal entry to record Regis’s (employer) payroll taxes resulting from the January 8 payroll. Regis’s merit rating reduces its state unemployment tax rate to 3% of the first $7,000 paid each employee. The federal unemployment tax rate is 0.8%.
Answer:
Explanation:
Herewith is a document of word showing the solutions to the whole problem and the journal entry. Its so explanatory and i hope it helps you. Thank you