While reviewing the customer database, the manager of Arthur's Auto Center has a preconceived idea of how the database works and
1 answer:
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Answer:
$671.92
Explanation:
Note: The full question is attached as picture below
Product R3
Labor-related cost = 40736/7200*5400
Labor-related cost = $30,552
Production orders = 65970/1600*1000
Production orders = $41,231
Order size = 433175/7100*3100
Order size = $189,133
Total overhead = Labor-related cost + Production orders + Order size
Total overhead = $30,552 + $41,231 + $189,133
Total overhead = $260,916
Annual production and sales of Product of R3 = 900 u nit
Overhead cost per unit = Total overhead / Unit
Overhead cost per unit = $260,916 / 900
Overhead cost per unit = $289.92
Direct material = $226
Direct labor = (26*6) = $156
Unit product cost = Overhead cost per unit + Direct material + Direct labor
Unit product cost = $289.92 + $226 + $156
Unit product cost = $671.92.
Answer and Explanation:
The Preparation of bank reconciliation for Cougar Corp. as of December 31 is shown below:-
<u>Cougar Corp.</u>
<u>Bank reconciliation</u>
<u>For the year ended December 31</u>
<u>Particulars Amount</u>
Bank balance Dec 31 $24,575
Add: Deposit in transit $2,500
Less:
Outstanding checks #302 ($180)
Outstanding checks #303 ($95)
Outstanding checks #304 ($25) ($300)
Bank balance adjusted $26,775
Cash balance on 31 Dec $26,504
Add: EFT from customer $1,700
Add: Interest income $21 $1,721
Less: Posting error
($5,400 - $4,500) $900
Less: NSF check $500 $1,400
Book balance adjusted $26,775
Hence, the bank balance and the book balance are matched
