Answer:
C) $5,000.
Explanation:
The summer tuiton cost, are not relevant, as that is the option we choose. We need to compare going to summer school with the work we could take during summer
<u>The opportunity cost is the cost of the best alternative rejected:</u>
salary for the summer job 5,000
The rent expense cost is the same on both option, so there is no difference. It will not be included in the analysis.
Answer:
b) accounts receivable: sales.
Explanation:
When sales are made on credit, no cash is received, hence, the appropriate entries would be to record expectation of future cash receipt by debiting accounts receivable while sales revenue is credited because sales are recorded when entity has delivered goods to the customer and not necessarily when cash in respect of the sales has been received
Warranty expense is the value associated with a faulty product repair, replacement, or refund. A warranty comes with a warranty duration in the course of which the seller or manufacturer of the good is in charge for any defects that can also appear all through the use of the product.
<h3 /><h3>Is warranty an amassed expense?</h3>
Expense Warranty (Accrual) approach – if the assurance is inseparable from the product being sold and guarantee charges are probably and can be fairly estimated, accrue these prices as a liability in the 12 months of sale.
<h3>When Should assurance fee be recorded?</h3>
Therefore, a corporation should report in the duration of the sale the estimated fee of repairing or changing the product at some point of the guarantee period. That expected price is recorded as a liability on its stability sheet and as an fee on its profits statement.
Learn more about warranty expense here:
<h3>
brainly.com/question/14070965</h3><h3 /><h3>#SPJ4</h3>
Answer:
$ 27.10
Explanation:
Given
The direct labor budget 5,800
Variable overhead rate is $9.10 per direct labor-hour.
Variable Overhead = 5800* $ 9.1= $52780
Budgeted fixed manufacturing overhead is $104,400
Total Budgeted Overhead = $ 157180
Budgeted Labor Hours 5800
Predetermined Overhead rate = $ 157180/ 5800= $ 27.10
The predetermined overhead rate is calculated by dividing the total budgeted overhead by the budgeted hours.
The total budgeted overhead includes the variable overhead and the budgeted fixed overheads.