Answer:
Explanation:
$100,000 debit to the Equipment asset account because you are recording the actual original cost of the equipment (as is required by the Cost Principle of Depreciation). You should also credit the Accumulated Depreciation: Equipment account for $75,000 to show that the equipment has already depreciated for this amount.
Answer:
predetermined overhead rate per machine hour $2.10
Explanation:
The overhead rate will be calculate as the sum of the expected cost divide by a cost driver in this case; machine hours
<u>Overhead expected cost:</u>
rent on factory building 13,500
depreciation on factory equipment 6,500
indirect materials 10,000
insuance on factory equipment <u> 12,000 </u>
Total overhead 42,000
machine hours 20,000
42,000 / 20,000 = 2.10
Answer:
$56,000
Explanation:
The computation of net sales is shown below.
For the net sales reported, we'll add the sales revenue and deduct the sales return and allowances with sales discount
Net sales reported = Sales revenue - sales return and allowance - sales discount
= $57,200 - $500 - $700
= $56,000
Answer:
D
Explanation:
thia will help her build credit
<span>Mullin, inc, purchases supplies such as paper, and seat covers directly from manufacturers and then sells them to other firms. mullin, inc. is a (n) wholesaler.
Distribution of goods or things to specific customer types is </span>wholesaling. Wholesaler is a person, company or firm who buys from various producers, a large quantity of goods and then resells to retailers. There are also some types of wholesalers.
