answer numbers 12-15 with complete solution. incomplete answer will be given down vote

Q: Single Plantwide Factory Overhead Rate Kennedy Appliance Inc.'s Machining Department incurred…

A: Pre-determined overhead rates are used to allocate the manufacturing overheads. It can be located on…

Q: What are the ways to escape financial fraud? And why is it important to prevent it?

A: Any type of misrepresentation, forgery and mislead which harms the financial health of an…

Q: A company has only one deductible temporary difference due to the use of the current expected credit…

A: Deferred tax liabilities are the amounts of income taxes payable in future periods in respect of…

Q: Using the guidance from ASC 606, calculate the variable price for each of the following contracts…

A: As per the ASC 606 i.e. Revenue from contract with customer which is based on 5 Step Model.…

Q: Alexandra, a cash basis taxpayer who turned 58 in 2022, takes care of her elderly parents and…

A: Taxable Income: - Taxable income refers to the total income of the individual after deduction.…

Q: Cash Accounts Receivables Allowance for Bad Debts Office Supplies Prepaid Insurance Merchandise…

A: Income Statement - The income statement includes Income earned and Expenses incurred during the…

Q: What is Andrew's realized amount from the foreclosure? $205,000 $210,000 $223,000 $225,000

A: Nonrecourse Debt The only recourse available to the lender under a nonrecourse debt (loan) is the…

Q: Prepare the necessary adjusting entries for the following independent situations. The accounting…

A: Adjusting entries        Date Accounts Title  debit credit Dec 31,20x2 Interest receivable  To…

Q: Budgeted sales in units are as follows: Jan is 35,000; Feb is 26,000 and March is 32,000. The…

A: Budgeted Sales Units :— It is the number of units expected to sold in the future.   Budgeted units…

Q: A high-water mark of $150 million was established two years ago for Sarah hedge fund. The…

A: A hedge fund seems to be a fund which is the type of alternative investment which combines cash from…

Q: Feb 2 1. Sue Feria opened a travel agency business on April 5, 2019. A month after she was able to…

A:

Q: Purple Co.'s production budget for Product X for the year ending December 31 is as follows:…

A: A purchase budget refers to the format which contains the amount of inventory that should be…

Q: Single Plantwide and Multiple Production Department Factory Overhead Rate Methods and Product Cost…

A: Factory overhead is all indirect manufacturing costs that cannot be directly identified with each…

Q: Molokomme Limited acquired all the assets and liabilities of Mashiane Limited at 1 January 2016 for…

A: A company acquires another company's business. The purpose of acquiring other's business is to…

Q: To date, Ken has cumulative earnings of $141,0000. This week Kent is paid $3,000. The total amount…

A: Social security tax refers to the amount that is collected from the employers and employees by the…

Q: Cash Accounts Receivables Allowance for Bad Debts Office Supplies Prepaid Insurance Merchandise…

A: The current portion of long-term liabilities are defined as the amounts that an entity is obliged to…

Q: Please show solution in each number Needs for Adjusting -Depreciation -Bad Debts/Doubtful…

A: Adjusting entries are those type of journal entries which are passed at the end of accounting…

Q: Sparky, Co. purchased land as a factory site for $500,000. Sparky paid $16,000 to tear down an…

A: The cost of buildings includes the purchase price as well as any closing costs incurred during the…

Q: REQUIRED Study the information given below and calculate the Accounting Rate of Return on initial…

A: Investment - The purchase of an item with the intention of making a profit or a capital gain is…

Q: Selected financial information for Greek Food Producers is presented in the following table (000s…

A: Calculation of direct material used Beginning raw material inventory $440 Add: Purchase of…

Q: Margaret Rosenthal, accountant for Russell Manufacturing Company, prepared the following income…

A: The Cost of Goods Manufactured is the total manufacturing costs of goods that are finished during a…

Q: July 1 Purchased merchandise from Griffin Company for $10,400 under credit terms of 1/15, n/30, FOB…

A: 1. Impact on Income - Impact on income statement represents all the transactions that affects the…

Q: Alfred owned a term life insurance policy at the time he was diagnosed with a terminal illness.…

A: Answer:-  Gross income meaning:- The sum of an individual's earnings before taxes or any other kind…

Q: The following are the three suppliers of ABC corp with different credit terms:      Purchase from A…

A: Credit terms of 2/10 net 30 means that the buyer will get a discount of 2% if he makes the payment…

Q: Skip to question   [The following information applies to the questions displayed below.]…

A: The plantwide overhead rate is a single overhead rate that a company uses to allocate all of its…

Q: Transactions and events during 2021 (summarized in thousands of dollars) follow: a. Borrowed $11…

A: Journal Entries :— It is an act of recording transaction in books of account when it is occurred.…

Q: Why might a company estimate ending inventory instead of performing a physical count? O The…

A: Ending inventory counting and valuation helps a business to know value of inventory still available…

Q: Segment X sells its product at SP of 300 per unit. Variable Cost to produce per unit is 120 per…

A: Transfer price is a mechanism employed in those entities that have multiple divisions. It assists in…

Q: a. straight line method depreciation charge: Php 6650 book value: Php 3350 b. sinking fund method at…

A: Depreciation is the reduction in the value of asset due to normal wear and tear Effluxion of time.…

Q: Sweeten Company had no jobs in progress at the beginning of the year and no beginning inventories.…

A: Using the plantwide method, a single overhead rate is applied to the production. The overhead is…

Q: A businessman borrowed P 50,000 today from bank with interest rate of 8% compounded quarterly…

A: The question is based on the concept of Financial Management. Annuity refers to the series of equal…

Q: Work in Process Account Data for Two Months; Cost of Production Reports Hearty Soup Co. uses a…

A: The total cost of producing a product, including raw materials and operating costs, is detailed in a…

Q: Sweeten Company had no jobs in progress at the beginning of the year and no beginning inventories.…

A: Plantwide overhead rate based on machine hours= Estimated total overhead cost ÷ Estimated total…

Q: LO.2 Ed, an employee of the Natural Color Company, suffered from a rare disease that was very…

A: Gross income: - Gross income refers to the total income earned by an individual before any deduction…

Q: how people use debt, the tax deductions for debt, the loan process, application of debt, 0 %…

A: ANSWER FOR FIRST EXAMPLE:- Debt repayment tenure If a debt is for $100,000 and the tenure is for 20…

Q: What is the purpose of a double-line rule in a balance sheet? to show a balance sheet was checked by…

A: In accounting the double line rule is used when making financial statements. This rule is applied to…

Q: How much is the maximum level of new short term loans it can secure without violating the policy?

A: Current ratio is that ratio that identified the amount of current assets corporation has to settled…

Q: 4. Knowledge of the rules of conduct and related interpretations on independence, integrity, and…

A: Code of ethics refers to the rules or the standards which reiterates that the values as well as…

Q: X Corp has budgeted sales (in units) for the upcoming quarter as follows: Jan is 15,000; Feb is…

A: Finished Goods Produced :— It is the number of completed units that is manufactured for the desired…

Q: 9. Carol babysat for 12 hours. Is she entitled to minimum wage? Explain your answer. 10. Harry works…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: estors opened Company Inc. on May 1, 2020. During the first month of operations, the following…

A: A journal entry is a form of accounting entry that is used to report a business transaction in a…

Q: Multiple Production Department Factory Overhead Rate Method Four Finger Appliance Company…

A: Factory Overhead:— It is cost that is not directly incurred in the manufacturing of product.…

Q: Ona is an automobile salesperson who receives a salary of $1,500 per week plus a commission of 3% on…

A: Earnings of Ona consist of two components – fixed weekly salary and commission based on sales.…

Q: F Corp. has P3,000,000 worth of investment in 10%, 7-year bonds, which the company acquired in 2018.…

A: 7-year bonds, which are acquired in 2018 sold on 31 December 2020. the bonds are held for less than…

Q: Adding alternative investments to a traditional portfolio can increase expected returns and reduce…

A: There are certain types of things which are under the control of the business or any person like by…

Q: 1) The incorrect allocation of equipment in the asset register occurred because the asset manager…

A: Audit is essentially a comparison of audit evidence (condition) to audit criteria set in terms of…

Q: 29 The Home Depot is the largest home improvement retailer in the United States. Home Depot…

A: Ratio Analysis - The ratio is the technique used by the prospective investor or an individual or…

Q: 7. Uni Corporation expected to sell 150,000 games during the month of January. The following…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: How much is the income tax payable of the corporation?

A: ANSWER: The income tax payable of the corporation is P250,000. Step-by-step explanation Resident…

Q: Any one of these different product lines can be produced by Bubble Mills, Inc., with the present…

A: Every organization even if small or big, it has must take decisions Such as spending costs or not,…