Answer:
The the value of the ending Finished Goods Inventory $24,628,50
Explanation:
See attached file
Explanation:
Under the direct write-off method , the journal entry is
Bad debt expense A/c Dr XXXXX
To Account receivable A/c XXXXX
(Being the bad debt expense is recorded)
For recording this journal entry, we Debited the bad debt expense and credited the account receivable
This is the answer. Hence, all the given options are incorrect
Answer:
The total cost of producing the 20,000 windsocks is: $270,000.
Explanation:
COMPUTATION:
MATERIAL HANDLING OF PARTS
.
$1.00
3X20,000
TOTAL OVERHEAD COST = 60,000.
MACHINING MACHINE HOURS.
60/HR
1/minute
5 X 20,000
100,000.
PACKAGING NUMBER OF FINISHED UNITS
.
$2.00
20,000 X 2
40,000.
TOTAL OVERHEAD COST = 60,000 + 100,000 + 40,000 = $ 200,000.
Total Materials and labor
3.50 per windstocks
3.5 x 20,000
= 70,000.
The total cost of producing the 20,000 windsocks is:
= $200,000 + 70,000
$270,000 total cost.
Answer:
Outstanding checks
Explanation:
One of the reasons why a cash book and a bank statement might <em>not show identical entries arise</em> from outstanding checks.
Outstanding checks are payments that have not yet been cleared and debited to the account at the bank.
<span>an official statement issued to newspapers giving information on a particular matter.
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