Answer:
A. $ 4,123
Explanation:
For accounting purposes we will consider as cost to ivnentory all the necessarycost incurred to get the merchandise ready for use. Therefore the returns and dsicount decrease the inventory as they weren't cost incurred.
The freight will count as necessary and incurred thus, added.
Invoice nominal 4,800
returns
4,800 x 20% = <u> (960)</u>
balance 3,840
discount 2% <u> (76.8) </u>
merchandise cost 3.763,2
freights-in <u> 360 </u>
total cost 4,123.2
Answer:
Im going with b because i cant see the picture
Explanation:
Answer:
COGS 3807 debit
FG 7896 debit
WIP 2397 debit
Factory Overhead 14,100 credit
--to record the underapplication of overhead--
Explanation:
overhead rate:
$515,000 overhead / 515,000 labor cost = $1
each labor cost generates a dollar of overhead.
221,400 x 1 = 221,400 overhead in COGS
459,200 x 1 = 459,200 overhead in Finished Goods
139,400 x 1 = 139,400 overhead in WIP inventory
Total applied 820,000
Actual 805,900
Underapplied 14,100
Now we weight each concept and determiante the portion underapplocated in each concept
![\left[\begin{array}{cccc}Item&Value&Weight&Allocated\\COGS&221400&0.27&3807\\FG&459200&0.56&7896\\WIP&139400&0.17&2397\\&&&\\Total&820000&1&14100\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7DItem%26Value%26Weight%26Allocated%5C%5CCOGS%26221400%260.27%263807%5C%5CFG%26459200%260.56%267896%5C%5CWIP%26139400%260.17%262397%5C%5C%26%26%26%5C%5CTotal%26820000%261%2614100%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Answer: Slotting allowances
Explanation:
The slotting allowances is the term which is used to charge by the manufacturers for the specific products and the services ion the market. It is also known as the slotting fee and the charged allowances is specifically varies or depend upon the specific products and the different marketing conditions.
According to the given question, the slotting allowances is refers as the payment that is made by the producers for ensuring their goods and the services best place.
Therefore, Slotting allowances is the correct answer.
