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3 years ago

A company received an order from a customer in June

Business

1 answer:

asambeis [7]3 years ago

8 0

Answer:

b. July

Explanation:

According to the revenue recognition principle, the revenue has to be recognised in the period the services are provided.

In the question, the services were provided in July, so the revenue needs to be recognised in July,

The fact that the order was received in June or that the payment from the customer was received in August is not relevant for purposes of revenue recognition.

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2 years ago

An october sales forecast projects 7,000 units are going to be sold at a price of $11.50 per unit. the desired ending inventory

vlabodo [156]

<span>October sales forecast projects = 7000
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Total October sales = ?
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3 years ago

Hargrave professional group performs legal services on account. what is the effect of this transaction on the balance sheet equa

r-ruslan [8.4K]

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<h3>What is Asset?</h3>

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1 year ago

At the beginning of the year, a company predicts total overhead costs of $810,900. The company applies overhead using machine ho

nika2105 [10]

Answer:

$13,780

Explanation:

For computing the overhead applied first we have to determine the predetermined overhead rate which is shown below:

Predetermined overhead rate = Total overhead cost ÷ Machine hours

= $810,900 ÷ 1,530 machine hours

= $530

Now the amount of overhead applied is

= predetermined overhead rate × number of machine hours used

= $530 × 26 machine hours

= $13,780

By multiplying the predetermined overhead rate with the number of machine hours used we can get the amount of overhead applied

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3 years ago