Answer:
Period costs= $813,800
Explanation:
Giving the following information:
Units produced 16,000
Variable selling and administrative expense $5
Fixed manufacturing overhead $560,000
Fixed selling and administrative expense $173,800
<u>The period costs are the costs not directly involved in the production.</u>
Period costs= fixed overhead + total variable selling and administrative costs
Period costs= 560,000 + 5*16,000 + 173,800
Period costs= $813,800
Testee should make entry of Debit Cash.
<h3><u>
What is debit?</u></h3>
- A debit is an accounting entry that affects a company's balance sheet by increasing assets or decreasing liabilities.
- In basic accounting, credits that operate in the inverse direction of debits balance each other out.
- For instance, depending on the loan's terms, if a company takes out a loan to buy equipment, it will simultaneously debit fixed assets and credit a liabilities account. Sometimes "dr," the acronym for "debtor," is used to refer to debit.
Every double-entry accounting system has a debit option. The polar opposite of credits is a debit. Credits indicate money coming into an account, whereas debits represent money leaving it. As Debit Service Charge, Expense (3% of the revenue--$200) Credit Sales Revenue.
Know more about debit with the help of the given link:
brainly.com/question/12269231
#SPJ4
<span>B.Prevent unfair or deceptive business practices.
</span>
Answer: The answer is (B) LIFO method.
Explanation: The LIFO (last in, first out) method of inventory costs states that the most recent units are the first to leave. Therefore the oldest units are left in inventory.
In periods of rising prices the oldest units are the lowest cost units.