Answer and Explanation:
The journal entries are shown below:
On Sep 1
Cash $500
To Sales revenue $500
(Being the sale is recorded))
On Sep 1
Cost of goods sold $200
To Finished goods inventory $200
(Being the the cost of mower sales is recorded)
On Sep 1
Warranty expense (8% × $500) $40
To Warranty liability $40
(Being the estimated warranty expense is recorded)
On Jan 24
Warranty liability $35
To Repair parts inventory $35
(being the cost of warranty repairs is recorded)
Solution :
1. Predetermined overhead rate
Fixed
(253,000 / 22,000) = $ 11.5
Variable
per direct labor-hour = $ 1
Predetermined overhead rate = $12.5
2. Total job cost $
Direct materials 703
Direct labor cost 317
Applied overhead (8 hours x $12.5 per direct labor hour) = 100
Total job cost = $ 1120
3. Charges = $ 1120 x 140%
= $1568
Answer:
Explanation:
unearned rent 6000 (debit)
Rent revenue. 6000 (credit)
to record 2 months of realized rent revenue
I would say all all of them that doctor don't recommend.
Answer:
utility power
Explanation:
In simple words, the location of the house has been said to be in a prominent region, it gives the house a competitive advantage over other units, also the house has been maintained and restructured bu the seller so that it looks more good and healthy.
The subject unit has been restructured in a way that it satisfied all the needs of the buyer, thus, it brings a lot of utility power to the market in respect of its value.