1. In general, which would you rather claim on a tax return?

February 14, 2020/in Feeds /by Munene david

1. In general, which would you rather claim on a tax return?

a) an IRA deduction of $200

b) a capital

gain of $200

c) a net operating loss of $200

d) a credit for $200

please choose the correct answer.

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Class, Please provide a definition and examples proper usage of each method for documenting specific business processes.

February 14, 2020/in Feeds /by Munene david

Class,

Please provide a definition and examples proper usage of each method for

documenting specific business processes.

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This question was created from Econ 312 wk 1 quiz https://www.coursehero.com/file/11850470/Econ-312-wk-1-quiz/

February 14, 2020/in Feeds /by Munene david

This question was created from Econ 312 wk 1 quiz https://www.coursehero.com/file/11850470/Econ-312-wk-1-quiz/

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I need to know please how to resolve this. See attachements. this is a budgeting class

February 14, 2020/in Feeds /by Munene david

I need to know please how to resolve this. See attachements. this is a budgeting class

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AC556Week 1 ProblemABC CostingNOTE:It is expected that this problem will be completed using an Excel spreadsheetusing formulas. Please see the Excel Tutorial that is available under the course home tab.The new president of the Wernecke Company was stumped. Why had profits gone down?He had directed the sales department to push the product with the highest contributionmargin, and the sales department had come through with flying colors. The percent offlams sold had increased from 25% of units sold to 37.5% of units sold. So whathappened?FlimsFlamsSales Price per Unit$150$500Direct Materials per Unit$75$200Direct Labor Cost per Hour$25$25Direct Labor Hours per Unit1 hour per unit5 hours per unitNumber of Units Produced25,00015,000The variable overhead for the coming year is estimated to be $3,000,000.Required:1.Calculate the Wernecke Company’s estimated direct labor hours to produce flimsand flams.2.Calculate the predetermined variable overhead rate that will be used in the comingyear using a traditional costing system based upon direct labor hours.3.Using a traditional costing system based upon direct labor hours, compute the unitproduct costs for flims and flams as well as contribution margin per unit.4.It has been suggested to the president to consider the use of an ABC costingsystem to allocate manufacturing overhead. Engineering studies have revealed thefollowing information about estimated manufacturing activities for the comingyear.Activity Cost PoolEstimated OverheadCostExpected ActivityLevelSetups$850,000200 setupsScrap$350,000500 unitsTesting$200,0005,000 testsMachine related$1,600,000100,000 MhrsTotal$3,000,000Calculate the separate predetermined overhead rates for each of the activitieslisted above.

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