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24.11.2020 •
Business
Answer quickly pls: it is an accounting question:
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Ответ:
$3,500
Explanation:
Profit is calculated by subtracting expenses for revenue.
In the case,
Revenues are
fees from client $20,000
Rent received $ 8,000
total revenue $28,000
expenses
insurance $8,000
advertising $3,000
loan interest $ 12,000
motor expense $1,500
$24,500
profit = $28,000 - $24,500
profits =$3,500
Ответ:
Overhead applied= $2000,$2,800,$600 for Job1, 2 and 3 respectively.
Explanation:
Overhead applied = Direct materials x rate of overhead on materials cost
Job 1 Job 2 Job 3
Direct materials used . . . . . . . . . $5,000 $7,000 $1,500
Rate 40% 40% 40%
Overhead applied $2000 $2,800 $600
Calculation
Job 1 = 40% x 5000 = $2000
Job 2 = $7,000 x 40%=$2800
Job 3 -$1,500 x 40%=$600