Answer and Explanation:
The journal entry is shown below:
Bad debt expense Dr $13,472
To allowance for doubtful debts $13,472
(Being the bad debt expense is recorded)
The bad debt expense is
= 6% of $326,200 - $6,100
= $13,472
Here the bad debt expense is debited as it increased the assets and credited the allowance for doubtful debts
Answer: Competitive advantage.
Explanation:
It is the advantage a company has over their competitors that allows them to produce goods and services of the same or even better quality and benefit as their competitors but at lower price level. This is important because it gives a company an edge over their competitors.
Competitive advantage is characterised by customer services, quality product and service, quality braiding, good distribution network.
Given that <span>Superfast
logistics helps manufacturing companies with a variety of different
solutions for transporting goods. it has placed "stories" and videos on
its website that explain how superfast logistics has helped specific
customers solve transportation problem.
Superfast is using case studies.
</span><span>Case studies are stories that are used as a teaching tool to show the application of a theory or concept to real situations.</span>
Answer:
Raw ending 643,300
ending WIP 199,240
ending FG 37,000
Explanation:
<em>Raw materials </em>
beginning 29300
purchased 1041000
used in production <u> (427000)</u>
ending 643300
<em>cost added (in between step to get ending WIP)</em>
materials 427000
direct labor 312240 (24,000 DLH x $13.01)
overhead 164000
total 903240
<em>Ending WIP</em>
beginning WIP 151000
added 903240
COGM <u> (855000)</u>
ending WIP 199240
<em>Finished goods</em>
beginning FG 257000
COGM 855000
COGS <u> (1075000)</u>
ending FG 37000
