Answer:
The answer is $11 per unit.
The standard cost card for this product would show a cost per unit of $11.
Explanation:
The workings are attached.
The formula used is as follows:
<u>Standard cost per unit of a product = direct material per unit + direct labor per unit + variable overhead per unit + fixed overhead per unit.</u>
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Guessing it is the world map since there is no map on here,
USA and China for the highest GDP
South Sudan has the lowest GDP
Answer:
Break-even units = 66.67 units
Explanation:
<em>Break-even point is the level of activity that achieves no profit or loss. At this level profit is zero because the the total revenue is equal to total cost.</em>
<em>The break-even point is calculated as </em>
<em>Units to achieve target profit = (Total general fixed cost for the period + target profit)/ contribution per unit</em>
Contribution per unit = Selling Price - Variable cost
Contribution per unit = 15- (1+3+0.50) = 10.5
Fixed cost = 500 +( 50× 4) = 700
So the units requited to achieve break-even point:
Break-even point = 700/10.5
= 66.67 units
Answer:
'Bad debts write off' AND 'Recovery of Bad debts written off'
Explanation:
The Journal entry to <u>write off a bad account affects only balance sheet accounts</u>:
a debit to Allowance for Doubtful Accounts and a credit to Accounts Receivable.
<u>No expense or loss is reported on the income statement </u>because this write-off is "covered" under the earlier adjusting entries for estimated bad debts expense.
HOWEVER in scenario 2 where transaction involves a cashflow, it is a bad debt recovered transaction because upon recovery of bad debt previously written off
a debit to <u>CASH </u>and credit to Bad debts recovered account
AnswerStudy objects, conduct tests, research written materials, and ask questions
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