Answer:
Pay for what?
Explanation:
Most things require you to pay a fee.
Answer:
Overhead application rate
= <u>Budgeted overhead</u>
Budgeted machine hours
= <u>$266,400</u>
18,500 hours
= $14.40 per machine hour
Overhead applied
= Overhead application rate x Actual machine hours
= $14.40 x 19,050 hours
= $274,320
Under-applied overhead
= Overhead applied - Actual factory overhead
= $274,320 - $287,920
= $13,600
Explanation:
In this question, there is need to determine the overhead application rate, which is the ratio of budgeted factory overhead to budgeted machine hours. Then, we will calculate the overhead applied, which is overhead application rate multiplied by actual machine hours. Under-applied overhead is the difference between overhead applied and actual factory overhead. .
1. Credit account and Store accounts
Answer:
$165,000
Explanation:
The computation of the reported amount for Allowance for Doubtful Accounts is shown below:
= Young accounts × uncollectible percentage + old accounts balance × uncollectible percentage
= $100,000 × 5% + $400,000 × 40%
= $5,000 + $160,000
= $165,000
We simply added the young accounts and old account balance after considering the uncollected percentage
