According to budgeted cost data total estimated bill is $6858
Budgeted cost per labor hour 35 = 259000/7400
+Profit margin 39
Labor rate 74 per hour
Material loading charges 17.5% = 68600/392000
+Profit on parts 27%
Material loading percent 44.5%
Labor charges 2812 = 38×74
Materials parts 2800
Material loading charges 1246 = 2800×44.5%
Total estimated bill 6858
Budgeted cost data- Budgeted costs are anticipated future costs that the company anticipates racking up in the future. In other words, based on anticipated revenues and sales, it is an estimated expense that management anticipates will be incurred in a future period.
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Answer:
An alternative is also known as Uncollectible accounts expense
Explanation:
A bad debt expense is recognized when a receivable is no longer collectible because a customer is unable to fulfill their obligation to pay an outstanding debt due to bankruptcy or other financial problems.
Bad debt expenses are generally classified as a sales and general administrative expense and are found on the income statement. Recognizing bad debts leads to an offsetting reduction to accounts receivable on the balance sheet.
<u>Bad debt expense is also known as Uncollectible accounts expense</u>
Answer:
The unit value os $20 which Ross should use
Explanation:
LCM stand for or termed as Lower of Cost or Market approach- This approach is described as the inventory values at the historical cost or lesser than the replacement cost of market.
NRV stands for or termed as Net Realizable Value- This rule or method is defined as the estimated selling price, which the company expects to gather in the cash form from the customer through the sale of the inventory.
Computing the unit value as:
Given,
Cost price per unit is $20
Selling price per unit is $30
Selling cost per unit is $4
Using the NRV method:
NRV = Selling Price - Selling Cost
= $30 - $4
= $26
Using the lower of cost rule:
Cost = Cost of product
Cost = $20
Therefore, the $20 is the unit value which Rose should use.
The primary ethical issue with regard to market allocation of water resources is the human disregard for the intrinsic value of water.
<h3>What are the ethical issues relating to Water?</h3>
The ethical issues relating to water are:
- Sustainability;
- Equity and Proportionality
- Principle of the common good
- Responsible Stewardship
- Deliberate Participation etc.
Controlling the loss and contamination of drinkable water is a major issue around the world because, given the current population growth rate, the rate of contamination or loss must not exceed the ability of the natural water source to cleanse itself.
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You provide what you like like and santa brings it to north pole and see what is best for you