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Setler79 [48]
3 years ago
7

At the beginning of the year, a company had an Allowance for Uncollectible Accounts of $22,000. By the end of the year, actual b

ad debts total $24,000. What is the balance of the Allowance for Uncollectible Accounts after the write-offs (before any year-end adjustment)
Business
1 answer:
Zina [86]3 years ago
5 0

Answer:

$2000 (Debit)

Explanation:

                                       

Opening balance          = $22000 (Credit)

LESS: Actual Bad debt  = 24000 (Debit)

Closing Balance            = 2000 (Debit)  

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For Wilton Company, the predetermined overhead rate is 70% of direct labor cost. During the month, $360,000 of factory labor cos
bezimeni [28]

Answer:

The amount of overhead debited to Work in Process Inventory should be: a. $182,00

Explanation:

The Overheads are Applied in the Manufacturing Costs as:

Budgeted Rate × Actual Activity for the Month

At the End of the Period we would need to determined whether this amount of overhead is Over or Under Applied by comparing it to the actual overheads incurred of $180,000 (given)

In our Case,  the predetermined overhead rate is 70% of direct labor cost

<em>Thus we need to find the Direct Labor Cost first</em>:

Total Labor Costs               $360,000

<em>Less </em>Indirect Labor Costs<em>  </em>$100,000

Direct Labor Cost              $260,000

<em>Therefore Overheads applied would be determined as:</em>

= $260,000 × 70%

= $182,000

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In order to produce a new product, a firm must lease equipment at a cost of $100,000 per year. The managers feel that they can s
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Answer:

$73 = unitary variable cost

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