Answer:
$24,562
Explanation:
Dr Bad Debt Expense $24,562
Cr Allowance for Doubtful Accounts
[(0.11×$240,100)- $1,849] $24,562
Answer:
The answer to this question is A: Allows for increased specialization and mass production techniques that lower per unit costs of production
Explanation:
First, What is Trade?
Trade is the exchange of goods and services. It is the satisfaction of wants, the next step after goods have been produced.
Trade, whether domestic or international requires firm or an economy to exchange goods and services which they have produced for income. A country usually trades goods which it has abundance raw materials and required resources to produce or focuses on the aspect in which it has comparative advantage.
If a country therefore focuses on trade in which it has abundance of resources or comparative advantage, it automatically become specialized in the production of such goods and begins to develop more techniques and tools that will ensure that it produce such goods at optimum level that will help it in reducing cost of production for such goods or services.
Answer:
$5,000
Explanation:
Given that,
Direct material cost = $2,000
Direct labor cost = $3,000
Prime cost is the sum total of direct material and direct labor cost.
Prime cost:
= Direct material cost + Direct labor cost
= $2,000 + $3,000
= $5,000
Therefore, the prime cost is $5,000.
Note:
Table is missing from the question so I have attached the table.
Answer:
14,100 Units
Explanation:
<u>Calculation of Units completed in June:</u>
Units completed in June = WIP Beginning inventory + Units transferred in – WIP Ending inventory
Units completed in June = 3,900 units + 13,300 units - 3,100 units
Units completed in June = 14,100 Units
