Answer:
$101,500
Explanation:
Net Sales $2,030,000
Allowance for uncollectible Accounts ($2,030,000*5%)=$101,500
The amount of uncollectible accounts to be reported in income statement shall be $101,500
Answer:
C
Explanation:
Because that would not make any sense of "distributive marketing
The total sales-mix variance in terms of the contribution margin is $2,60,000 favorable.
The contribution margin is computed because of the promoting charge per unit, minus the variable fee per unit. Also called dollar contribution consistent with the unit, the degree shows how a particular product contributes to the overall earnings of the company.
Contribution margin, or dollar contribution consistent with the unit, is the promoting charge according to the unit minus the variable value in keeping with the unit. "Contribution" represents the part of income revenue that is not fed on with the aid of variable expenses and so contributes to the insurance of fixed expenses.
The closer a contribution margin percent, or ratio, is to a hundred%, the higher. The higher the ratio, the extra cash is available to cover the enterprise's overhead costs or fixed costs. However, it is much more likely that the contribution margin ratio is properly under 100%, and in all likelihood beneath 50%.
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