Answer:
June 30
Explanation:
As per the revenue recognition principle, the revenue is recognized when it is earned or realized that means service is performed but the payment is not made at the time of providing the service.
It is not get impacted when will be the cash received.
So, in the given case, the large sale is made on June 30 and on June 30 the revenue would be recognized.
Answer:
<em>$0.48 per client-visit; $22,856 per month</em>
Explanation:
Where,
y2 is the total cost at highest level of activity; y1 is the total cost at lowest level of activity; x2 are the number of units/labor hours etc. at highest level of activity; and x1 are the number of units/labor hours etc. at lowest level of activity
<em>Variable Cost per Unit </em>
= (28,904 -28,227) / (12,600-11,199)
= $0.48
<em>
Total Fixed Cost </em>
= y2 ? bx2
= 28,904 - $0.48 * 12600
= $22,856.00
Answer:
1. 60,000 hours
2. $300,000
3. $1,680 Unfavorable
Explanation:
1. The computation of the standard hours allowed for actual production is shown below:
= Actual production × Standard hours allowed per unit
= 15,000 units × 4 hours
= 60,000 hours
2. The computation of the applied fixed overhead is shown below:
= Standard hours allowed for actual production × Standard fixed overhead rate
= 6,000 hours × $5
= $300,000
3. The computation of the total fixed overhead variance is shown below:
= Actual fixed overhead costs - Applied fixed overhead
= $301,680 - $300,000
= $1,680 Unfavorable
Answer:
Following are the queries to these question:
Explanation:
Reporting entering for recording the note received
Permissible notes (face amount)........................................................ 
Cash...................................................................................................
Answer:
$224,000
Explanation:
Contribution margin = Selling price - Variable cost
= $320 - $76.8
= $243.2
Contribution margin ratio = Contribution margin / Sales
= $243.2 / $320
= $0.76 × 100
= 76%
Break even point = Fixed cost / Contribution margin ratio
= $170,240 / 76%
= $224,000
