Answer:
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Explanation:
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Answer:
The following entries will be made on July 10
Explanation:
Account Receivable Dr.$2,000
Bad debt Expense Cr.$2,000
Bank Dr.$2,000
Account Receivable Cr.$2,000
Firstly the writ off made on May 3, was reinstated as the amount is collected then in second entry, we recorded collection of cash from A. Hopkins.
Answer:
Explanation:
a
Cash 20811010
Bonds payable 20000000
Premium on Bonds payable 811010
b
Interest expense 818899
Premium on Bonds payable 81101 =811010/5*6/12
Cash 900000 =20000000*9%*6/12
c
The market rate of interest will be lower than the contract rate of interest.
Answer:
The right solution is "$78.55".
Explanation:
The given values are:
Material cost,
= $5 per pound
Average freight costs,
= $0.25 per pound
Downtime average,
= 0.40 hours per unit
According to the question,
The direct material cost per unit will be:
= 
= 
= 
=
($)
The direct labor will be:
= 
= 
=
($)
Manufacturing overhead will be:
= 
= 
=
($)
hence,
The standard cost per unit will be:
= 
= 
=
($)