Answer:
![\left[\begin{array}{ccc}-&$June&$July\\$Units&3,800&4,300\\$Hours per Unit&0.05&0.05\\$Labor Hour&190&215\\$Rate&9.9&9.9\\$Labor Cost&1,881&2,128.5\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D-%26%24June%26%24July%5C%5C%24Units%263%2C800%264%2C300%5C%5C%24Hours%20per%20Unit%260.05%260.05%5C%5C%24Labor%20Hour%26190%26215%5C%5C%24Rate%269.9%269.9%5C%5C%24Labor%20Cost%261%2C881%262%2C128.5%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Explanation:
3,800 units
x 0.05 hours per unit
190 labor hous
x $9.90 per hour
$1,881
4,300 units
x 0.05 hours per unit
215 labor hours
x $9.90 per hour
$2,128.5
We first multiply units bythe time it takes to do a single unit,
this will be the total labor hours required for the production
Then we apply the labor rate to get the labor cost.
Answer:
Credit to refund liability of $280,000.
Explanation:
The year end adjusting entry would be
Sales Return $280,000 ($21 million × 8% - $1,400,000)
Refund Liability $280,000
(Being the anticipated sales return is recorded)
Here the sales return is debited as it increased the sales return and the refund liability is credited as it increased the liabilities
The same is to be considered
Downturn and exceeds. If the economy in a market down turns more busisinesses fail and come up for sale.