Spang Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data:   Total machine-hours 20,000Total fixed manufacturing overhead cost$176,000Variable manufacturing overhead per machine-hour$2.20Recently, Job P505 was completed with the following characteristics:   Total machine-hours 200Direct materials$540Direct labor cost$7,200The total job cost for Job P505 is closest to:

A. $9,940
B. $7,740
C. $9,400
D. $2,740


Answer: A

Business

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Fill in the blank(s) with the appropriate word(s).

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Which of the following statements is true of a socialist law system?

A) It is designed to preserve the authority of the state over agricultural land. B) It is designed to enable private ownership of all means of production. C) It prohibits earning interest on money. D) It tends to put great emphasis on private law.

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Jane and Ed Rochester are married with a 2-year-old child, who lives with them and whom they support financially. In 2019, Ed and Jane realized the following items of income and expense:ItemAmountEd's Salary$35,000 Jane's Salary 70,000 Municipal bond interest income 400 Qualified business income 1,000 Alimony paid (for AGI deduction) (7,000)Real property tax (from AGI deduction) (10,000)Charitable contributions (from AGI) (15,000)  They also qualified for a $2,000 child tax credit. Their employers withheld $5,800 in federal income taxes from their paychecks (in the aggregate). Finally, the 2019 standard deduction amount for MFJ taxpayers is $24,400.What is the couple's adjusted gross income?

What will be an ideal response?

Business