Case Study 2: During the current year, Jonathan Beasley has…

Case Study 2: During the current year, Jonathan Beasley has the following expenses: Utility expenses for Home     $2,500Maintenance and Repairs for Home     3,100Municipal property tax for Home     5,400House Insurance     1,300Interest on Mortgage     4,600Home Telephone Monthly Charge     600Separate Line Monthly Charge     480Employment/Business related Long Distance Charges     560Home Internet Access Fees     720 Mr. Beasley estimates that he uses 18% of his home, including a component for common areas, and 30% of his home internet service for employment/business related purposes. Maximum CCA on 100% of the home would be $12,000. Determine the maximum deduction that could be claimed assuming:A. The individual is an employee with $72,000 in income (no commissions).B. The individual is an employee with $72,000 in commission income.C. The individual carries on a business as a sole proprietor (e.g. self-employed )and earns $72,000 in business income.

P Corporation is using a predetermined overhead rate that wa…

P Corporation is using a predetermined overhead rate that was based on estimated total fixed manufacturing overhead of $121,000 and 10,000 direct labor-hours for the period. The company incurred actual total fixed manufacturing overhead of $113,000 and 10,900 total direct labor-hours during the period. The predetermined overhead rate is closest to:

BDI Corporation’s relevant range of activity is 3,000 units…

BDI Corporation’s relevant range of activity is 3,000 units to 7,000 units. When it produces and sells 5,000 units, its average costs per unit are as follows:   Average Cost per Unit Direct materials $ 6.05 Direct labor $ 3.05 Variable manufacturing overhead $ 1.70 Fixed manufacturing overhead $ 3.00 Fixed selling expense $ 0.50 Fixed administrative expense $ 0.40 Sales commissions $ 1.00 Variable administrative expense $ 0.50  The incremental manufacturing cost that the company will incur if it increases production from 5,000 to 5,001 units is closest to: