Answer:
Explanation:
What is given:
Budgeted overhead = 175,500
Budgeted labour hours = 13,000
So Budgeted overhead per hour = 175500/13000 = 13.5
Actual labor hours = 14,500
Amount of manufacturing overhead allocated for the year based on direct labour hours = 14,500*13.5 = 195,750
Productivity of a worker is measured by how much is produced at a given time.
<h3>What is worker productivity?</h3>
It measures the amount of output produced at a given work interval.
The quantity of goods and services produced per a given time measures a worker productivity.
Therefore, productivity of a worker is measured by how much is produced at a given time.
Learn more on productivity here,
brainly.com/question/1151291
Answer:
C; Average Price Level
Explanation:
Here, we want to get what is on the label of the y-axis
The aggregate supply curve is simply a plot of the average price level against the real GDP( gross domestic product)
From this definition, we can see that we have the average price level on the y-axis and we have the real GDP on the x-axis
Answer:
Explanation:
1. Warranty expense 2017=$13000*0.05=$650
2. Estimated warranty liability liability 2017=$13000*5%=$650
3. Warranty expense 2018=0
4. Astimated warranty liability (31.12.2018)=650-145=$505
5. Journal entries:
Dr Cash $13000
Cr Sales $13000
Dr COGS 6500
Cr Merchendise inventory 6500
Dr Warranty expense 650
Cr Warranty liability 650
Dr Warranty liability 145
Cr Repairs part inventory 145
Answer:
$2,630
Explanation:
First we calculate the estimated amount that would not be collected. This is 1% of Credit Sales.
148,000 x 1% = $1,480
Then we add the estimated amount with the amount written off as receivables uncollected for the Year 2. As shown below:
1,480 + 1,150 = $2,630
Hence, the amount of uncollectible accounts expense recognized in the Year 2 income statement will be $2,630.
