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emmainna [20.7K]
3 years ago
11

Consider the following activities that take place in a veterinary clinic.

Business
1 answer:
FromTheMoon [43]3 years ago
4 0

Answer:

E. Service entities cannot use ABC for overhead allocation.

Explanation:

ABC costing is limited to use when the cost can be directly traced to a certain activity. All of the Activities are volume driven and overheads would be incurred in small proportion to the overall cost.

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Which account will appear in the sales ledger?
lara [203]

Answer:

A- Gill, a credit customer

Explanation:

A journal entry involves the process of keeping the records of business transactions made by an organization.

Journal entries are mainly used by bookkeepers and accountants. Ideally, it is important that a journal has all of following informations; date, reference number, debit balance, credit balance and transaction description.

A sales ledger can be defined as an accounting book that comprises of the individual account of each customer of a business firm and records the money received for goods or services purchased, whether the payment has been received or not.

Simply stated, a sales ledger sequentially records all sales that have taken place in a business, whether or not payment have been received.

This ultimately implies that, a sales ledger contains accounting information on all sales transaction made by a company including, money received for its goods and services and money owed by its customers.

Hence, the account which will appear in the sales ledger is that of Gill, a credit customer.

6 0
3 years ago
Complete the right half of the following equation to reflect the unemployment rate reported by the BLS.
Nutka1998 [239]

Answer:

c. 66.67%

Explanation:

Unemployment rate = Number unemployed / Labor force = (2/3) x 100% = 66.67%

5 0
3 years ago
MC Qu. 137 Given the following data, calculate product... Given the following data, calculate product cost per unit under absorp
Paha777 [63]

Answer:

Total Product Costs under absorption costing per unit $ 32.59

Explanation:

Under absorption costing the fixed overheads are included in the product costs.  We calculate the total manufacturing costs having fixed overheads and variable overheads and divide it with the number of units to get the product cost per unit.

Expected units to be produced 51,000 units

Direct materials $ 12 * 51,000= $ 612000

Direct labor $ 18 per unit * 51,000= $918000

Overhead

Total variable overhead $ 31,000

Total fixed overhead $ 101,000

Total Manufacturing Costs $1662000

Total Manufacturing Costs per unit = Total Costs/ Total units= $1662000 / 51000= $ 32.59

4 0
3 years ago
Read 2 more answers
When you look out your window and see a large, brown truck parked in your driveway, with a person in a brown uniform carrying a
Lisa [10]

Answer:

Warehouse package handler-no degree needed (work in the warehouse)

Automotive technician-possibly engineering school )work at the truck lot or in a garage)

Billing associate-degree in finance (in corporate office)

New product development-degree in business marketing (in corporate office)

Explanation:

im not sure exactly what the career path would be but those are 4 different jobs at UPS.

8 0
3 years ago
Computing and Recording Interest Capitalization Bullock Company is constructing a building for its own use and has been capitali
jasenka [17]

Answer:

Bullock Company

a. The amount of interest to be capitalized = $405,000.

The amount of interest to expense = $105,975

b. Journal Entry:

January 1,

Debit Construction expenditure $2,520,000

Credit Cash $2,520,000

To record the expenditure incurred on this date.

February 1,

Debit Construction expenditure $2,295,000

Credit Cash $2,295,000

To record the expenditure incurred on this date.

March 31,

Debit Construction expenditure $3,285,000

Credit Cash $3,285,000

To record the expenditure incurred on this date.

March 31

Debit Construction expenditure $405,000

Credit Capitalized interest $405,000

To capitalize the interest for the quarter.

March 31

Debit Interest Expense $105,975

Credit Interest Payable $105,975

To record the interest expense for the quarter.

Explanation:

a) Data and Calculations:

First Quarter Expenditures:

Date                  Amount        Weight      Weighted-Average

January 1,    $2,520,000        3/3              $2,520,000

February 1,  $2,295,000        2/3                 1,530,000

March 31,    $3,285,000         0/3                 0

Accumulated Weighted-Average expenditure = $4,050,000

Capitalized Interest = $4,050,000 * 10% * 1/4 = $405,000

Debts outstanding during the quarter:

Debt                                                               Amount   Interest Expense

Note payable, 10%, incurred specifically

to finance construction                            $1,440,000  $0

Short-term note payable, 15%                   2,250,000  $84,375

Mortgage note payable, 8%                       1,080,000  $21,600

Total interest expense for the quarter                      $105,975

7 0
3 years ago
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