Answer:
Manufacturing overhead allocated= $1,260,000
Explanation:
Giving the following information:
Scaled Manufacturing estimates annual overhead costs to be $1,200,000 and that 300,000 machine hours will be operated. Using machine hours as a base.
The actual machine hours for the year were 315,000 hours.
We need to find the overhead applied. First, we need to determine the overhead rate.
Overhead rate= total estimated overhead for the period/ total amount of allocation base
Overhead rate= 1200000/300000= $4 per hour
Manufacturing overhead allocated= 315000 hours* 4= $1,260,000
Answer:
the project cash flow is $92,880
Explanation:
The computation of the project cash flow for the change in net working capital in the year 1 is shown below:
Working capital needed for the year 1 $55,000 ($550,000 × 10%)
Add: Additional inventory $48,000
Add: Increase in account receivable $11,880 ($297,000 × 4%)
Less: Increase in accounts payable $22,000
Project cash flow $92,880
Hence, the project cash flow is $92,880
Answer:
Apr.8
Dr Account Receivable - Suntrust Bank $8,256
Dr Credit card expenses $344
Cr Sales $8,600
(to record sales, payment through credit card issued by Suntrust Bank)
Apr.12
Dr Account Receivable - Continental Card $7,995
Dr Credit card expenses $205
Cr Sales $8,200
(to record sales, payment through credit card issued by Continental Card)
Explanation:
The credit card expenses of the two transaction is calculated as: Sales proceed x % of fee
Thus, the sales made in 8 Apr has the credit card expenses of 8,600 x 4% =$344.
The sales made in 12 Apr has the credit card expenses of 8,200 x 2.5% =$205.
asset and expense accounts would normally have large balances they wouldn't have a negative balance because and the money you have to spend on things for the same reason it's not going to have a credit balance because that would be the bank's money and it's not a debit balance
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