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VikaD [51]
3 years ago
7

The total costs accounted for in a production cost report equal the:

Business
1 answer:
ivann1987 [24]3 years ago
4 0

Answer:

A) cost of units completed and transferred out plus the cost of ending work in process.

Explanation:

The total costs accounted for in a production cost report consists of Cost in units of Work - In - Process Inventory and Cost Incurred During the Current Period.These Costs equal  cost of units completed and transferred out plus the cost of ending work in process.

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Pool Corporation, Inc., is the world's largest wholesale distributor of swimming pool supplies and equipment.
Ad libitum [116K]

The journal entries are shown below:

Bad debt expense A/c Dr  $3,378

 To Allowance for doubtful debts A/c  $3,378

(Being bad debt expense is recorded)

Allowance for doubtful debts A/c  Dr $4,510

     To Account receivable A/c $4,510

(Being written off amount is recorded)

2. The computation of the net sales is shown below:

= Gross sales - sales discount - sales return - credit card fees

= $140,756 - $1,344 - $996 - $2,129

= $136.287

A journal entry is the act of preserving or making facts of any transactions either monetary or non-monetary. Transactions are indexed in an accounting magazine that shows a organization's debit and credit score balances. The magazine entry can include numerous recordings, every of which is both a debit or a credit.

A journal entry is used to record a commercial enterprise transaction in the accounting information of a commercial enterprise. A magazine entry is commonly recorded in the trendy ledger; as a substitute, it can be recorded in a subsidiary ledger that is then summarized and rolled ahead into the general ledger.

Learn more about  journal entries here brainly.com/question/14279491

#SPJ4

6 0
2 years ago
Harry recently raised his employees' wages, which has increased production costs. Which factor did the salary hike affect?
Pavel [41]
The factor that the salary hike effect is :
A. Fixed cost
Technically, no matter how much output the workers produced, the wages will stay the same

hope this helps
6 0
3 years ago
Read 2 more answers
Dditional Time Used: 07 minutes, 16 seconds.
Sedaia [141]

Answer:

the answer is c...employees need 2 b compensated 4 a job that is satisfactory 2 a company.., this position to workers, relays a feeling of "job well done"

4 0
3 years ago
The Real Estate Recovery fund is financed through money received from administrative fines and surcharges on new and renewing li
Lelu [443]

Answer:

The correct answer is:  $1,000,000 (one million dollars).

Explanation:

The Real Estate Recovery fund is the poll of money collected to refund people who have been affected somehow by real state brokers or salespeople. Fraud, misrepresentation or deceit are considered for his purpose and it is given only when no benefit can be provided to the person affected after court. If the amount implied is greater than $1,000,000 (one million dollars) the Real Estate Recovery Fund is unable to provide any reimbursement aid.

3 0
3 years ago
YellowCard Company manufactures accessories for iPods. It had the following selected transactions during 2017. (Note: For any pa
jarptica [38.1K]

Answer:

warrant expense 51,000 debit

          cash                       6,000 credit

          warranty liability 45,000 credit

--to record warrant-related accounts--

interest payable 16,667 debit

interest expense  3,333 debit

          cash                  20,000 credit

--to record interest expense for the loan and installment--

Manufacturing Facilities 5,192,772  debit

              Cash                    5,000,000 credit

              Restoration Liability 192,772 credit

-- to record the payment to contractor--

Explanation:

Warranty: the additional expected expense are considered warranty laibility

Loan: we previously recorded accrued interest from March 1st to Dec 31th

That is: 200,000 x 10% x 10/12 months = 16,667 payable

At February 28th we recognize the last two month of interest

200,000 x 10% x 2/12 months = 3,333 expense

in total we have 16,667 + 3,333 = 20,000 cash outlay

Facility: the asset should add to all the cost necessary to acquire it:

As the conversion into community center is mandatory it is part of the cost:

present value of the 500,000 in ten years:

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  $500,000.00

time  10.00

rate  0.10000

\frac{500000}{(1 + 0.1)^{10} } = PV  

PV   192,771.6447

Total cost:

5,000,000 cashg + 192,772 liability = 5,192,772

4 0
3 years ago
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