It is TRUE. Marginal cost is the amount added when there is
an additional unit of product or service produced. Meanwhile, the total cost,
as defined in accounting, is composed of the total fixed costs and its total
variable costs. Fixed cost is not affected by the number of output a company
produced. Thus it won’t affect the marginal cost.
Answer:
$368
Explanation:
Bad debts also known as uncollectible expenses are the portion of the accounts receivable in accrual accounting that have to be written off as they are eventually not paid by the accounts receivable.
One of the ways of estimating bad debt is allowance method , which is expressing a bad expenses as a percentage of credit sales based on experience and past records.
Days past due balance % uncollectible
Current 11,000 1% 110
30-60 days 2,400 3% 72
61-90 days 1,700 6% 102
Over 90 days 840 10% 84
Total 368
Bad debt expenses to be recognized is $368
Answer:
Ending WIP inventory: 31,264
Complete and transferred-out 367,629
Explanation:
Ending WIP inventory:
we mutiply the equivalent units by the equivalent cost
materials 2,000 x 13.86 = 27,720
conversion 800 x 4.43 = 3,544
total = 31,264
transferred units
as this are complete we can add up each cost component and do a single multiplication
13.86 + 4.43 = 18.29 cost for complete unit
20,100 x 18.29 = 367,629
Answer:
The given statement is True.
Explanation:
- A person-to-person marketing method, whereby salespeople utilize their communication skills to convince a client should purchase a certain commodity, is termed as Personal selling.
- Instead, it allows people to understand their likes, their routines, their perspectives as well as their emotions.
Thus the above is the right answer.
