120 minus multiplied by 4/4

if a company calculated the final sales value of its various products that are manufactured and then subtracts out identified se

Colt1911 [192]

Answer:

The allocation method use if a company calculated the final sales value of its various products that are manufactured and then subtracts out identified separable costs is <u>Direct Allocation Method</u>

Explanation:

The direct method allocates costs directly to the producing departments based on relative use.

This method subtracts reciprocal services that incur additional costs For example, this method would ignore service provided by the data processing department to other support departments, such as personnel or maintenance.

Final sales value of its various products and services that are manufactured and the costs form a portion of the overhead cost of production, which is then allocated to inventory and the cost of goods sold.

This method provides a better picture of how costs are incurred, but requires more accounting effort. It also tends to delay the recognition of expenses until a later period, when some portion of the produced goods are sold.

Identified separable costs are then subtracted from final sales value.

4 0

3 years ago

Landon jewelers uses the perpetual inventory system. on april 2, landon sold merchandise with a cost of $3,500 for $8,000 to a c

il63 [147K]

<span>the journal entry to record the cost of goods sold would be n = 3500, t = 1/15, n/30</span>

5 0

3 years ago

During January 2018, the following transactions occur:

umka2103 [35]

Answer:

See explanation section

Explanation:

Jan. 1 Equipment Debit $20,300

Cash Credit $20,300

To record the purchase of equipment assuming by cash.

Jan. 4 Accounts payable Debit $10,300

Cash Credit $10,300

To record the cash paid to accounts payable.

Jan. 8 Purchase Debit $90,900

Accounts payable Credit $90,900

To record the purchase of additional inventory (supplies) on account

Jan. 15 Cash Debit $22,800

Accounts receivable Credit $22,800

To record the cash received from customers

Jan. 19 Salaries expense Debit $30,600

Cash Credit $30,600

To record the cash paid for salaries expense

Jan. 28 Utilities expense Debit $17,300

Cash Credit $17,300

To record the cash paid for utilities expense

Jan. 30 Accounts receivable Debit $228,000

Sales Credit $228,000

To record the sales on account.

6 0

4 years ago

Read 2 more answers

The cash flows from operating activities are reported by the direct method on the statement of cash flows. Determine the followi

shtirl [24]

Answer:

a. $404,000

b. $60,000

Explanation:

a. The computation of cash received is shown below:

= Sales for the current year + increased in accounts receivable during the year

= $375,000 + $29,000

= $404,000

The increase in accounts receivable show the predicted cash which will be received in near by future. So, it is added in the computation part.

Hence, the amount of cash received from customers is $404,000

b. Computation of cash payment for income tax is shown below:

= Income tax for the current year + decrease in income tax payable during the year

= $39,000 + $21,000

= $60,000

Both transactions should be added to know the accurate figure of income tax payment made in cash.

Hence, the cash payments for income tax is $60,000

5 0

3 years ago

Alpha Company, a business firm based in California, advertises its products on the Web to customers in all 50 states. In which o

kolbaska11 [484]

Answer:

b. Alpha conducted substantial business with New Jersey residents through its Web site.

Explanation:

If Alpha conducted substantial business with any person living or being in New Jersey while doing so, then a New Jersey court will have jurisdiction over Alpha's business. A company can interact with its customers, for example, provide customer service for free, but if it makes business in the state, then it falls under the jurisdiction of the state.

6 0

3 years ago

120 minus multiplied by 4/4​

120 minus multiplied by 4/4