Answer:
Requirement: <em>Determine the overhead rate for each activity "Materials handling, Machine setups, Quality inspections"</em>
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Materials handling overhead rate = Total cost / Cost driver volume
Materials handling overhead rate = $30,000 / 1,000
Materials handling overhead rate = $30
Machine setups overhead rate = Total cost / Cost driver volume
Machine setups overhead rate = $23,750 / 475
Machine setups overhead rate = $50
Quality inspections overhead rate = Total cost / Cost driver volume
Quality inspections overhead rate = $19,000 / 475
Quality inspections overhead rate = $40
Answer:
A. uses a percentage of sales method to estimate uncollectible accounts
Explanation:
Difference between the direct write-off and the allowance method for accounting for bad debts are the timing of when bad debts are reported on the books and their ultimate impact on the income statement and balance sheet
Answer:
$14,000
Explanation:
Data provided in the question:
Cost of the equipment sold = $18,000
Accumulated depreciation = $9,000
Gain from the sales of equipment = $5,000
Now,
Proceeds from sale of plant assets = Book value + Gain
also,
Book value = Cost of the equipment - Accumulated depreciation
= $18,000 - $9,000
= $9,000
Therefore,
Proceeds from sale of plant assets = $9,000 + $5,000
= $14,000
Answer:
I think social media has a lot of political references, but I don't think anything can necessarily have "too many". Unless the political references are not related to the topic.