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1 year ago

A company ships goods to a customer and pays transportation costs. To the seller, the transportation costs are?

1 answer:

Montano1993 [528]1 year ago

6 0

A company ships goods to a customer and pays transportation costs. To the seller, the transportation costs are freight out.

Transportation costs are all of the expenses associated with the transportation of uncooked substances, finished products, and personnel. it's the cash behind ensuring all shifting parts get wherein they need to be so your clients get their product or service on time.

Now, you want to determine all your transportation stage costs. study how plenty you paid for drivers, gasoline, special licenses, buying/leasing motors, outsourced work, and every other method related to transportation. add a lot of these collectively to get the overall value of transportation.

As the Chart of the Week shows, the end result of these challenges become that the fee of transport a field on the world's transoceanic alternate routes expanded seven-fold in the 18 months following March 2020, even as the fee for shipping bulk commodities spiked even extra.

Learn more about transportation costs here brainly.com/question/22667788

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dditional Information Accrued sales salaries amount to $2,400. Prepaid selling expenses of $2,100 have expired. A physical count

saul85 [17]

Answer:

A) Adjusting entries:

Dr Sales salaries expense 2,400

Cr Sales salaries payable 2,400

Dr Selling expenses 2,100

Cr Prepaid selling expenses 2,100

Dr Cost of goods sold 3,700

Dr Merchandise inventory 3,700

B) prepare the closing entries

Dr Sales revenue 550,900 (net = $557,000 - $19,900 - $6,200)

Cr Income summary 550,900

Dr Income summary 484,200

Cr Cost of goods sold 239,700 (net = $236,000 + $3,700)

Cr Sales salaries expense 62,400 (net = $60,000 + $2,400)

Cr Selling expense 44,100 (net = $42,000 + $2,100)

Cr Utilities expense 21,000

Cr Administrative expense 117,000

Dr Income summary 66,700 (= $550,900 - $484,200)

Cr Retained earnings 66,700

Dr Retained earnings 45,000

Cr Dividends 45,000

7 0

3 years ago

During its first year of operations, the McCormick Company incurred the following manufacturing costs:_______. Direct materials,

notka56 [123]

Answer:

Net income= $432,000

Explanation:

Giving the following information:

Fixed overhead, $224,000.

The company produced 28,000 units, and sold 19,000 units, leaving 9,000 units in inventory at year-end.

Income calculated under variable costing is determined to be $360,000.

The difference between absorption costing and variable costing method is that the first one includes the fixed manufacturing cost in the unitary production cost. <u>Some of the fixed overhead is allocated into ending inventory increasing the net income for the period.</u>

Unitary fixed overhead= 224,000/28,000= $8

Fixed overhead in ending inventory= 8*9,000= $72,000

Net income= 360,000 + 72,000= $432,000

6 0

3 years ago

Prepare the journal entry to record the accrual of interest and the premium amortization on December 31, 2022. (Credit account t

vesna_86 [32]

The journal entry to record the accrual of interest includes:

Dr. Interest Expense $5,000
Cr. Interest Payable $5,000

<h3>What is an accrual of interest?</h3>

This mean the interest which has been incurred for specific date on a loan but has not yet been paid out.

Here, the Accrued interest expense on 12/31/15 is paid on 1/1/16.

Based on the calculation, the journal entry to record the accrual of interest includes a Debit to Interest Expense for $5,000 and a Credit to Interest Payable for $5,000.

Missing words "On January 1, 2015, Candlestick, Inc. issues $100,000, five-year, 10% bonds at 100 (100% of face value). Assume that interest is payable semiannually on January 1 and July 1."