Answer:
$17
Explanation:
Calculation for that minimum price
Sales of port wine $32 per bottle
Less Variable costs ($15 per bottle)
Minimum price $17
($32-$15)
Therefore that minimum price is $17
Answer:
Allocated MOH= $7,000
Explanation:
<u>First, we need to calculate the predetermined overhead rate:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 217,000 / 31,000
Predetermined manufacturing overhead rate= $7 per machine hour
<u>Job 45:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 7*1,000
Allocated MOH= $7,000
Answer:
Option C is correct.
Explanation:
When you've been recruited to inform a food company to think about selling one, both, or none of its both brands for breakfast. These are the facts you get: Brand A controls a market-leading share in the segment of oatmeals. A has a strong and secure base of loyal clients.
Such category, moreover, is difficult to develop in the future, as production of oatmeal takes some time and customers are mainly focusing on comfort. Brand B is the leader in grab-and-go breakfast bags, a minor but rapidly growing segment. Nonetheless, staying ahead in the race won't be so easy; once B is sold, the firm will have to invest in the research and innovation of safe fillings and creative packaging.
The best recommendation, instead, is not to market either brand A or brand B.
Answer:
debit to Bad Debts Expense and credit to Allowance for Doubtful Accounts
Explanation:
The journal entry needed to record the adjusting entry by using the allowance method is given below:
Bad debt expense
To Allowance for doubtful debts
(Being bad debt expense is recorded)
Here the bad debt expense is debited as it increased the expense and credit the allowance as it decreased the assets
