Answer:
b. $1.87
Explanation:
Number of order taking costs = $20,592
Number of orders = 187,200
Cost of activity
= $20,592 ÷ 187,200
= $0.11
The Statement of overhead allocated is given below:-
Number of orders = 17
Cost per activity = $0.11
Cost
= 17 × $0.11
= $1.87
Therefore, the overhead is applied to the Tucker family account for order taking costs $1.87
Answer:
$25,650
Explanation:
The formula for calculating the future value of an annuity is:
F = P x ([1 + I]^N - 1 ) / I
where:
- P = payment amount = $1,000
- I = interest rate = 4%
- N = number of payments = 18
F = $1,000 x ([1 + 4%]^18 - 1 ) / 4% = $1,000 x (1.04^18 - 1 ) / 4% = $1,000 x (2.026 - 1 ) / 4% = $1,000 x 1.026 / 4% = $25,650
Answer:
true is the answer I think
Answer:
Mar 17.
6150 Bad Debt Expense $1.000 - Debit
1010 CASH Operating Account $275 - Debit
1290 A/REC Allowance for Uncollectible Accounts $1.000 - Credit
1220 A/REC Trade Notes Receivable $275 - Credit
Jul 29.
1290 A/REC Allowance for Uncollectible Accounts $1.000 - Debit
1010 CASH Operating Account $1.000 - Debit
6150 Bad Debt Expense $1.000 - Credit
1220 A/REC Trade Notes Receivable $1.000 - Credit
Explanation: