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1 year ago

The company uses up $5,000 of an existing asset and the company adjusts its accounts accordingly. this is an example of a(n)?

1 answer:

5 0

The company uses up $5,000 of an existing asset and the company adjusts its accounts accordingly. This is an example of a deferral adjustment.

It is a deferral adjustment on account that a current asset had been used up, which means its miles deferred like supplies expenses are recorded on the year stop relying upon how much resources had been used in the course of the year.

Deferrals are adjusting entries for items bought earlier and used up in the destiny (deferred fees) or whilst coins are received in advance and earned inside the future (deferred sales).

The primary distinction between accrual and a deferral is that accrual is used to deliver forward an accounting transaction into the current period for recognition, whilst a deferral is used to put off such popularity until a later length.

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Dobles Corporation has provided the following data from its activity-based costing system: Activity Cost Pools Estimated Overhea

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Answer:

Dobles Corporation

The unit product cost of product D28K is:

$144.01

Explanation:

a) Data and Calculations:

Activity Cost Pools Estimated Overhead Cost Expected Activity

Assembly $228,060 18,000 machine hours

Processing orders $34,068 1,200 orders

Inspection $125,560 1,720 inspection hours

Units of D28K produced per year = 420 units

D28K requirements:

Machine hours 460

Orders 80

Inspections 10

Direct materials cost per unit = $48.96

Direct labor cost per unit = $25.36

Activity rate:

Assembly $228,060/18,000 = $12.67 per machine hour

Processing orders $34,068/1,200 = $28.39 per order

Inspection $125,560/1,720 = $73 per inspection-hour

Cost of D28K:

Machine hours 460 * $12.67 = $5,828

Orders 80 * $28.39 = $22,712

Inspections 10 * $73 = $730

Total overhead costs = $29,270

Overhead cost per unit = $69.69 ($29,270/420)

Unit Cost of D28K:

Direct materials cost per unit = $48.96

Direct labor cost per unit = $25.36

Overhead cost per unit = $69,69

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3 years ago

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Answer:

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