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Luba_88 [7]
3 years ago
7

Butcher Co. sold 10,000 toys in Year4 for $20 each. The company expects that 5% of the toys will be returned under warranty for

a refund of the sales price in the 2-year warranty period. There were $6,000 of warranty obligations paid in cash during Year4. What is Butcher's warranty expense for Year4?
Business
1 answer:
algol133 years ago
4 0

Answer:

Butcher's warranty expense for Year 4 is $10,000

Explanation:

Since in the question, it is given that 5% of the toys are returned, and the warranty expenses should be charged on the replacement service or repair service. Even, the question has said the same.

So, the warranty expense computation is shown below:

= Sale units of toys × selling price per toy × returned percentage

= 10,000 toys × $20 × 5%

= $10,000

The warranty obligation part is irrelevant. Thus, we don't consider in the computation part. Therefore, it is ignored.

Hence, Butcher's warranty expense for Year 4 is $10,000

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Beta Company expects to incur overhead costs of $20,000 per month and direct production costs of $125 per unit. The estimated pr
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Answer:

$415

Explanation:

For computing the sales per unit first we have to determine the total sales value which is shown below:

Direct Production costs (1,000 units × $125)   $125,000

Fixed Overhead costs for the year = $20,000 × 12 months = $240,000

Total Costs for the year              $365,000

Gross Profit desired (1,000 units × $50)   $50,000

Total Sales Value desired = Costs + Profit $415,000

Now

Sales price per unit is

= $415,000 ÷ 1,000 units

= $415

This is the answer but the same is not provided

4 0
3 years ago
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Answer & Explanation:

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(cash is asset and common stockequity)

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(one asset cash is rtaded for another, supplies)

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4.- Decrease in Assets and Equity

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(cash increase equity increase (service revenue))

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(account receivable increase equity increase (service revenue))

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9.- Decrease in Assets and Equity

(expense decrease the suppplies (assets) and equity (income))

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5 0
3 years ago
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Answer:

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2 years ago
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Answer:

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