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Nata [24]
3 years ago
10

The Dawson Company manufactures small lamps and desk lamps. The following shows the activities per product and the total overhea

d information: Setups Inspections Assembly (dlh) Small Lamps - 4,700 units 4,000 8,850 40,800 Desk Lamps - 10,900 units 8,000 14,750 40,800 Activity Pool Activity Base Budgeted Amount Setups 12,000 $128,400 Inspections 23,600 $127,440 Assembly (dlh) 71,400 $285,600 Calculate the total factory overhead to be charged to desk lamps.

Business
1 answer:
Aleks [24]3 years ago
8 0

Answer:

The total factory overhead to be charged to the desk lamps is $235,000

Explanation:

solution attached below

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Crane Co. uses the gross method to record sales made on credit. On June 1, 2017, it made sales of $52,200 with terms 3/15, n/45.
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Answer:

Explanation:

Crane Co

June 1. Credit: Sales $52,200

Debit: Acc receivable $52,200

Being sales on account

June 12 Debit: Bank. $ 50,634

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Credit: Acc receivable. $52,200

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3 years ago
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After first obtaining a real estate sales license, said licensee must take how many DRE core three-hour approved continuing educ
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5

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A convenience store buys 1-gallon jugs of milk for $2.99 and sells them for $4.29. What is the margin they earn on the milk?
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Answer:

1.30

Explanation:

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3 years ago
The following summarizes the aging of accounts receivable for Johnston Supplies, Inc. as of July 31, 2016:
dybincka [34]

Answer:

a. June 30, 2016 adjusting entry for bad debt expense

Dr Bad debt expense 9,108

    Cr Allowance for doubtful accounts 9,108

b. August 15, 2016, uncollectible accounts are written off

Dr Allowance for doubtful accounts 3,251

    Cr Accounts receivable 3,251

c. Allowance for doubtful accounts

                                       debit                       credit

June 30, 2016                                               $38,565

August 15, 2016          <u>$3,251                                       </u>

August 15, 2016                                             $35,314

Explanation:

Number of Days      Total Accounts          Historical %            Total

Unpaid                      Receivable                Uncollectible  

Not yet due                      $128,200               3%                       $3,846

1-30 days past due           $90,900              13%                         $11,817

31-60 days past due         $55,300              19%                       $10,507

<u>Over 60 days past due     $33,500             37%                      $12,395  </u>

Total                                                                                          $38,565

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What happens to the APR after 10 months<br>​
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