<span>With an accounts receivable balance of $1,500,000 and accounts receivables estimated to be 4% uncollectible, Roster Co.'s year-end doubtful accounts allowance should be $60,000. Since the current general ledger balance for the allowance account is only $45,000, Roster Co. should record an adjustment of $15,000 to bring it up to $60,000.</span>
Answer:
B. fixed costs, variable costs, and mixed costs
Explanation:
Mainly there are three types of cost i.e variable cost, fixed cost, and the mixed cost. The variable cost is that cost which is change when the production level change whereas the fixed cost is that cost which remains constant whether production level changes or not
.
The mixed cost is a semi-variable cost which include some part of the fixed cost and some part of the variable cost
So, the variable cost includes indirect material, indirect labor, and factory supplies
The fixed cost includes supervision, taxes, and depreciation expense.
And, the mixed cost includes insurance, utilities, etc.
Answer:
$268 Favorable
Explanation:
Variable overhead variance can be computed by using the following formula,
Budgeted hours = 0.20/unit
Variable overhead efficiency variance
= Standard Overhead rate * (Actual Hours - Standard Hours)
= 6.7 * ( 1,820 - (9300*0.2))
Efficiency variance = $268 Favorable, as actual hours for actual activity are less than standard hours at actual activity.
Hope that helps.
Answer:
$38.
Explanation:
Management perform Cost, Volume, and Profit (CVP) analysis to calculate break-even points, set target costs, and to set target profits. It helps them in formulating strategies effectively, reducing costs to generate maximum profit, and to utilize resources efficiently.
As we know that profit is the difference between sales and costs. So, the target cost can easily be calculated by re-arranging the profit equation which is given below;
Profit = Sales - Total Cost
⇒ Total / Target Cost = Sales - Profit
Simply put the figures in the above equation and it gives you;
Target cost = 53 - 15 = $38 OR 72% (38 / 53).
Note: It is more appropriate to state target profit on percentage basis. Here the percentage of target cost is 72%.
The Federal Reserve System is designed to regulate the money supply in our country. Answer is C