Answer:
Don't ask so many questions at the same time ok
Answer:
$22,100
Explanation:
With regards to the above, the calculation for bad debt expense is is given as;
= Bad debt expense balance required + bad debt written off from accounts receivables - Existing bad debt allowance balance
= $16,700 + $28,900 - $23,500
= $22,100
Therefore, bad debt expense for the year ended December 31, 2020 is $22,100
Answer:The answer is Net relevant cost $2per unit
Explanation:
$
Market price per unit. 18
Relevant cost. . 16
------------
Relevant cost per unit. 2
---------------
Therefore the Net relevant cost are $2per unit
Answer:
Net income <u> 26,000</u>
Explanation:
Absorption costing classifies costs as production cost and non-production costs ( selling and distibution , administration e.t.c)
Income statement using Absorption costing
$
Sales Revenue 2,150,000
Less cost of goods sold
Direct material 960,000
Direct labour cost 420,000
Variable manufacturing 156,000
Fixed manufacturing <u>288,000</u>
production cost (<u> 1,824,000 )</u>
Gross profit 326,000
Selling and distribution
Variable 204,000
Fixed <u>96,000</u>
<u>(300,000) </u>
Net income <u> 26,000</u>